How the Philosophy of Economist Milton Friedman's Shareholder or Free Market Ethics May Have Influenced the Leadership of Boeing Company
In fact they are--or would be if they or anyone else took them seriously--preaching pure and unadulterated socialism. Businessmen who talk this way are unwitting puppets of the intellectual forces that have been undermining the basis of a free society these past decades.
He therefore did not intend for businesses to disregard the interests of others. It is worthwhile to also note that as much as he recognised the self-interest of business men he did not expect them to act in a selfish manner. Self-interest and selfishness should not be confused to mean the same thing (Cosans, 2009).
And there is clear support for the idea that companies can operate in a way that strengthens their various stakeholders and still provide solid, sustainable returns for their shareholders.
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Post, F. 2003. ‘A Response to “The Social Responsibility of Corporate Management: A Classical Critique’, American Journal of Business, vol. 18, no. 1, pp. 25-35.