insight & evidence

TagMilton Friedman

Milton Friedman Was Wrong

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By Bernard F. Miller KC, ICD.D  On September 13, 1970, Milton Friedman, then professor of economics at the University of Chicago and later a Nobel laureate, published an essay in The New York Times Magazine under the headline “The Social Responsibility of Business Is to Increase Its Profits.” It became one of the most consequential opinion pieces in the history of capitalism. It supplied the...

insight & evidence