Milton Friedman, The Social Responsibility of Business | Businesses, Agents, and Responsibilities

[@mamacoco2716]

Snead Undergrad from Alabama, thank you so much , we have an essay due on this exact subject

[@GregoryBSadler]

Glad it was helpful for you

[@emmaahlroos8504]

Thank you for the video!

[@GregoryBSadler]

You're welcome!

[@MultiAli62]

I'm curious how Milton Friedman would argue that the government bailed out the big banks in '08. Reading his essay and understanding his core message, a company has no social responsibilities. Therefore individuals in a society don't need to help out artificial persons.

[@colepriceguitar1153]

I think this rule Friedman espouses fundamentally makes the free market less free.

[@GregoryBSadler]

The free market in the sense that people toss that word around is mostly a fiction anyway.

[@pabilbadoespecial]

Friedmann starts with a lot of assumptions that remain unexamined such as ownership of capital. If one assumes that as the starting point then Friedman's ideas follows. Coherent but he does not examine the elephant in the room...

[@GregoryBSadler]

Yes, there's a lot of assumptions being made, many of them quite shaky. That said, you're not going to find many pieces where that's not the case