On Business: Milton Friedman Is Wrong About Social Responsibility

Social Responsibility — the new business imperative
Image credit: bearsky23/Shutterstock.com

The Business Roundtable statement brought economist Milton Friedman to the front pages again. The Wall Street Journal challenged us to read his 1970 essay on the social responsibility of business. I did, and it is wrong for today.

When the Business Roundtable announced a shift from shareholder to stakeholder value, some cheers rose with a strong mix of…

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Jon Mertz

Collaborative Strategist + Thought Entrepreneur at Juncture of Business + Society ❖ Mobilizing Insights Into Virtue-Based Action ❖ Leadership Adjunct