Milton Friedman's Essay

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Milton Friedman believed that the social responsibility of a business is to maximize profits (Hartman, Des Jarding, & MacDonald, 2014). In my personal opinion, Friedman’s perspective did not necessarily indicate that businesses should disregard the welfare of society, but rather place an emphasis on the utilization of resources. For instance, reinvesting the profits instead of donating them to charity. Much like Friedman, T.J. Rodgers believed that an organization should reinvest its profits in order to maximize them, rather than donating it to charity. He also believed that increasing the long-term shareholder’s value would boost society (Hartman, Des Jardins, & MacDonald, 2014). Unlike Friedman and Rodgers, John Mackey believed that organizations

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