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It is now 50 years since Milton Friedman set out his doctrine that “The Social Responsibility of Business Is to Increase Its Profits.” This paper seeks to add fresh and compelling new evidence of why Lynn Stout was correct in her resolute critique of the thesis of shareholder primacy at the heart of the Friedman doctrine, and how this doctrine remains profoundly damaging to the ...
26. Juni 2013 · The origin of 'the world’s dumbest idea’: maximizing shareholder value: The idea got going with an article by Milton Friedman in the New York Times in 1970. The economic consequences were ...
1. März 2024 · The shareholder vs. stakeholder theory put forth by Milton Friedman contends that a company’s primary obligation is to its shareholders, not to other stakeholders. These stakeholders are employees, customers, clients, or the community. It argues that this is the business’s primary purpose, as shareholders are the owners.
21. Aug. 2019 · Seit 50 Jahren gilt in den USA die Doktrin des Chicagoer Wirtschaftswissenschaftlers Milton Friedman: Die soziale Verantwortung eines Unternehmens ist es, den Gewinn zu maximieren. Der Shareholder ...
11. Nov. 2018 · An influential article written by the economist Milton Friedman in 1970 convinced many financiers that companies should focus solely on increasing shareholder value, leaving to the government the ...
16. März 2016 · In 1970, Nobel Prize winner Milton Friedman published a famous essay in the New York Times arguing that the only proper goal of business was to maximize profits for the company’s owners, whom Friedman assumed (incorrectly, we shall see) to be the company’s shareholders. 9 Even more influential was a 1976 article by Michael Jensen and William Meckling titled the “Theory of the Firm.” 10 ...
22. Dez. 2020 · Kicking off the Modern Defense of Milton Friedman section with his article “The Enduring Wisdom of Milton Friedman,” Booth’s Kaplan argues in defense of the productivity, influence, and wisdom of Friedman’s thinking. “I believe we should start from the premise that the goal of shareholder value maximization has been extremely successful globally in the way that matters most ...
