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" Friedman, an internationally famous economist and proponent of what has come to be known as the libertarian philosophy: . . . [There] is one and only one social responsibility of business — to use its resources and engage in activities designed to increase... "
The Heart of the Matter: Sierra Leone, Diamonds & Human Security : Complete ... - Page 14
by Ian Smillie, Lansana Gberie, Ralph Hazleton - 2000 - 88 pages
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Two Lucky People: Memoirs

Milton Friedman, Rose D. Friedman - Biography & Autobiography - 1998 - 708 pages
...13, 1970. I argued there, as I had in Capitalism and Freedom, that "there is one and only one social responsibility of business — to use its resources...in open and free competition without deception and fraud." I was originally paid around $1,000 for the article. Even though it is a quarter of a century...
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The Balanced Company: A Theory of Corporate Integrity

Muel Kaptein, Johan Ferdinand Dietrich Bernardus Wempe - Business & Economics - 2002 - 364 pages
...husiness has only one social responsihility and that is ... to use its resources and engage in the activities designed to increase its profits so long...in open and free competition without deception and fraud.3 In his conception of the corporation as merely an artificial personality, Friedman still fails...
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CLEP Principles of Management: The Best Test Preparation for the CLEP

John R. Ogilvie - Business & Economics - 2005 - 406 pages
...responsibility of business — to use its resources and engage in activities designed to increase its profits as long as it stays within the rules of the game, which...in open and free competition without deception and fraud."" Friedman argues that social responsibility dilutes shareholder value and hence is not good....
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Does Marketing Need Reform?: Fresh Perspectives on the Future

Jagdish N. Sheth - Business & Economics - 2006 - 366 pages
...engage in activities designed to increase its profits so long as it stays within the rules of the game,2 which is to say, engages in open and free competition, without deception or fraud" (Friedman 1962, p. 133). Corporations produce the greatest societal return on investment...
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Bioethical and Evolutionary Approaches to Medicine and the Law

W. Noel Keyes - Bioethics - 2007 - 1234 pages
...resources and engage in activities designed to increase its profits so long as it stays within the rules of game, which is to say, engages in open and free competition, without deception or fraud." (p. 133) (Emphasis added.) pay."258 An appellate court held that the Medicare fraud case,...
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