Economics Discussion Question

Read “The Social Responsibility of Business Is to Increase Its Profits,” by Friedman from The New York Times Magazine (1970).
http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html

 

In “The Social Responsibility of Business Is to Increase its Profits,” what economic idea is the author alluding to by stating that the social responsibility of business is to increase profits? Explain. What does Friedman mean when he equates social responsibility to “taxation without representation?” Friedman states that the principle underlying the market mechanism is “unanimity.” Provide examples of this “unanimity” in the market mechanism.

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.