Broadening the Raison d’être of the Firm

Philippe Woot

Chapter 6 in Should Prometheus Be Bound?, 2005, pp 100-115 from Palgrave Macmillan

Abstract: Abstract ‘The social responsibility of the firm is to maximize profit for the shareholder.’ This famous statement by Milton Friedman, winner of the Nobel Prize for economics, has profoundly influenced neoliberal thought. Today we must try to escape from this restricted view.

Keywords: Sustainable Development; Entrepreneurial Action; Common Good; General Interest; Technical Progress (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50206-2_6

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DOI: 10.1057/9780230502062_6

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