Epigraph
1. Brandeis (1912, November 23), p. 7.
2. Friedman (1962), chapter VIII, p. 133.
Introduction
1. In his well-known 1970 New York Times Magazine article in which he declared CSR to be a “fundamentally subversive doctrine,” Milton Friedman built part of his argument around the idea that “Only people can have responsibilities. . . . ‘business’ as a whole cannot be said to have responsibilities.” Putting aside the idea that a for-profit firm in our society can have rights (which Friedman recognizes and is not generally disputed) but not responsibilities (which Friedman dismisses and is disputed), in this book, the organization is the actor of primary focus. As such, I will refer to firms as entities that, for example, can ‘act in ...
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