Economist Milton Friedman Argued That the Goal of Corporations Should

question 23

Essay

Economist Milton Friedman argued that the goal of corporations should be "to make as much money for its owners as possible while conforming to the basic rules of society." What does this mean in terms of corporate ethical behavior?

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Definitions:

Glass

A hard, brittle material typically made by melting sand with silicates, used in windows, bottles, and many other objects.

Wehrmacht

The unified armed forces of Nazi Germany from 1935 to 1945, comprising the Heer (army), Kriegsmarine (navy), and the Luftwaffe (air force).

Berlin

The capital and largest city of Germany, known for its history, culture, and role in global politics.

Reichstag

The historic parliament building in Germany, also used to refer to the parliamentary assemblies in the German Empire, Weimar Republic, Nazi Germany, and the Federal Republic.