The Friedman Doctrine, Revisited.
6 min readNov 23, 2021
Reconciling Milton Friedman with corporate social responsibility
In September 1970, The New York Times Magazine published an op-ed by economist Milton Friedman entitled “A Friedman doctrine — The Social Responsibility Of Business Is to Increase Its Profits.“ The article sowed the seeds of neoliberalism, the dominant theory driving corporate decision making and economic policy over the past fifty years…