![]() ![]() Milton Friedman proposed a guiding principle for business ethics in a New York Times article, provocatively titled: “The social responsibility of business is to increase its profits”: 1 For this reason, taking complex and abstract ethical theories and applying them to the decision-making processes of company directors can lead to unresolvable arguments in boardrooms, restaurants, shareholders meetings, scholarly journals and, of course, the media. ![]() The answer to an ethical question may differ depending on which moral framework is used. This essay discusses the views of Milton Friedman on corporate social responsibility. The varied works of philosophers have led to the development of ethical frameworks that may be applied to any particular situation. Though philosophers have discussed abstract ethical dilemmas for most of recorded history, there appears to be no universal answer to resolve ethical problems. ![]() The question of how ethics and morality can be applied to human experience is a vexed one. ![]()
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