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A Friedman doctrine ‐ The Social Responsibility of Business Is to Increase Its Profits | Milton Friedman | Sept. 13, 1970 | NYT

The Final Dictum: Friedman famously quotes his own book, Capitalism and Freedom:

"There is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."

1. Core Thesis: Only People Have Responsibilities…

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UJ
Feb 19, 2026