“What does it mean to say that “business” has responsibilities? Only people can have responsibilities. A corporation is an artificial person and in this sense may have artificial responsibilities, but “business” as a whole cannot be said to have responsibilities, even in this vague sense.”

“A Friedman doctrine‐- The Social Responsibility Of Business Is to Increase Its Profits” (Sept. 1970)

Adopted from Wikiquote. Last update Sept. 14, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "What does it mean to say that “business” has responsibilities? Only people can have responsibilities. A corporation is …" by Milton Friedman?
Milton Friedman photo
Milton Friedman 158
American economist, statistician, and writer 1912–2006

Related quotes

Teal Swan photo
Hillary Clinton photo

“We need to have strong growth, fair growth, sustained growth. We also have to look at how we help families balance the responsibilities at home and the responsibilities at business.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), First presidential debate (September 26, 2016)

Milton Friedman photo
Wendell Berry photo

“Charity even for one person does not make sense except in terms of an effort to love all Creation in response to the Creator's love for it.”

Wendell Berry (1934) author

Source: The Art of the Commonplace: The Agrarian Essays

Kwame Nkrumah photo
Andrew S. Grove photo

“All of us in business have a responsibility to maintain the industrial base on which we depend and the society whose adaptability — and stability — we may have taken for granted.”

Andrew S. Grove (1936–2016) Hungarian-born American businessman, engineer, and author

Andrew Grove in: " Andy Grove’s Warning to Silicon Valley http://www.nytimes.com/2016/03/26/opinion/andy-groves-warning-to-silicon-valley.html?_r=0", New York Times, March 26, 2016
New millennium

Rollo May photo

“When people feel their insignificance as individual persons, they also suffer an undermining of their sense of human responsibility.”

Rollo May (1909–1994) US psychiatrist

Source: Psychology and the Human Dilemma (1967), p. 31

“Your sense of responsibility to others can never be excessive.”

Harry Talbot; Part II, chapter 29, p. 287 [Koontz, Dean, w:Dean Koontz, Midnight, 1st edition, 1989, G. P. Putnam's Sons, New York, ISBN 0-399-13390-9, 383 pages]
Midnight (1989)

Oswald Pohl photo

“I can only be responsible for my orders. I cannot be responsible for all the acts of Himmler.”

Oswald Pohl (1892–1951) Head of the SS Wirtschafts-Verwaltungshauptamt

To Leon Goldensohn, June 5, 1946, from "The Nuremberg Interviews" by Leon Goldensohn, Robert Gellately - History - 2004.
"The Nuremberg Interviews"

Related topics