Community >> View Post
Post By

In Reply To

Subj: Book Recommendation
Posted: Wed Oct 15, 2008 at 09:03:44 pm EDT (Viewed 684 times)
Reply Subj: Milton Friedman: Economist
Posted: Tue Oct 14, 2008 at 07:28:00 pm EDT (Viewed 732 times)

Previous Post

Go to and you'll find the following paragraph:

In 1970 Milton Friedman wrote that "there is one and only one social responsibility of business--to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud." That's the orthodox view among free market economists: that the only social responsibility a law-abiding business has is to maximize profits for the shareholders.

Do you agree or disagree with Milton Friedman and the orthodoxy view among free market economists?

Other possible stakeholders of any business: its workers, its customers, its suppliers, its community, and its nation.

You seem to be very interested in the topic of outsourcing, so I would like to recommend a book.

"The World Is Flat: A Brief History of the Twenty-First Century" by Thomas L. Friedman.

The book is a look at the process and implications of globalization. The book is pretty much the most popular and respected book to deal with the suspect. It's also a common reading requirement for anyone that wants to understand business, especially international business.

Since your beliefs on this particular subjects seem to be so strong, I doubt it will change anything you believe. But since you said you like to read both sides of any issue, I thought I would recommend it.

Posted with Mozilla Firefox 3.0.3 on Windows XP
Alvaro's Comicboards powered by On Topic™ © 2003-2022 Powermad Software
All the content of these boards Copyright © 1996-2022 by Comicboards/TVShowboards. Software Copyright © 2003-2022 Powermad Software