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BCOR%203010%20Class%206 - BCOR3010 Class #6: Contemporary...

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BCOR3010 Class #6: Contemporary Arguments in Favor of the Classical Perspective on the Role of Business
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Discussion of Milton Friedman A. What is the essence of the free market/free enterprise? B. What are its values? C. What is the government’s role? D. What is the social responsibility of business? E. Any concerns with this view? 2
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What is essence of the free market? “The possibility of co-ordination through voluntary co-operation rests on the elementary- yet frequently denied- proposition that both parties to an economic transaction benefit from it, provided the transaction is bi- laterally voluntary and informed. Friedman, Capitalism and Freedom (2002 Edition), p.13. 3
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Friedman on Corporate Social Responsibility The view has been gaining widespread acceptance that corporate officials… have a “social responsibility” that extends beyond serving the interests of their stockholders…. This view shows a fundamental
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This note was uploaded on 04/22/2008 for the course BCOR 3010 taught by Professor None during the Spring '07 term at Colorado.

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BCOR%203010%20Class%206 - BCOR3010 Class #6: Contemporary...

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