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What is the social responsibility of business?

In 1970 Milton Friedman argued that the only social responsibility of business was to increase profits.Compare and contrast the evidence Freidman presents to back up his claim with that provided in the Homer-Dixon article.Finally, in light of the available evidence, outline whether you agree with Friedman.Why or why not?

Friedman, M. (1970, September 13). The social responsibility of business is to increase its profits. New York Times, pp. 32–33, 122, 124, 126.

Homer-Dixon, T. (2006). The upside of down: Catastrophe, creativity, and the renewal of civilization. Toronto: Alfred A. Knopf. (Chapter 1: Tectonic stresses)

Recommended*: Waldman, D. A., & Siegel, D. (2008). Defining the socially responsible leader. The Leadership Quarterly, 19(1), 117–131.