Popular Press
Bringing Ethics Back to Friedman’s Call to Purpose for the Next 50 Years
U Chicago's ProMarket
(2020)
Abstract
Fifty years ago, Friedman compellingly presented his argument for shareholder primacy. But as currently implemented, shareholder primacy threatens the unifying purposes that drove people to form corporations to begin with. It’s time for a re-examination of what binds us together to do great things.
Keywords
- corporations,
- shareholders,
- corporate purpose,
- milton friendman,
- shareholder primacy,
- stakeholder theory
Disciplines
Publication Date
October 7, 2020
Citation Information
J.S. Nelson, Bringing Ethics Back to Friedman’s Call to Purpose for the Next 50 Years, PROMARKET, Oct. 7, 2020.