Milton Friedman, The Social Responsibility of Business | The Cloak of Social Responsibility

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This is a video in my new Core Concepts series -- designed to provide students and lifelong learners a brief discussion focused on one main concept from a classic philosophical text and thinker.

This Core Concept video focuses on Milton Friedman, "The Social Responsibility of Business Is To Increase Its Profits". It examines his discussion of what he calls the "cloak of social responsibility," which he views as providing a pretext for engaging in irresponsible and unethical decision-making in business,

You can find a copy of the text here - http://websites.umich.edu/~thecore/do...

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#Ethics #Business #Friedman