Posted: June 19th, 2022


Are profits the only business of Businesses? Milton Friedman contends that the sole responsibility of business is to increase its profits. The references are: Milton Friedman, from “The Social Responsibility of Business Is to Increase Its Profits,” The New York Times Magazine (September 13, 1970). Philosopher Christopher D. Stone insists on “Corporate Accountability in Law and Morals” in Oliver F. Williams and John W. Houck, eds, The Judeo-Christian Vision and the Modern Corporation (University of Notre Dame Press, 1982) stating it is time for corporate social responsibility to consider other than profit making sometimes even taking precedence in a business.

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