瞿宛文的部落格The public’s business
by Dani Rodrik on 13th October 2020, Social Europe
Stakeholder capitalism’ has been promoted to balance the market and society but ultimately the only solution is to make firms more democratic.
Fifty years ago, Milton Friedman published an article in the New York Times that articulated what has come to be known as the Friedman doctrine: ‘the social responsibility of business is to increase its profits.’ It was a theme he had developed in his 1962 book Capitalism and Freedom, where he argued that the ‘one and only’ responsibility business owes to society is the pursuit of profits within the legal rules of the game.