{"id":5515,"date":"2021-01-29T13:18:43","date_gmt":"2021-01-29T05:18:43","guid":{"rendered":"http:\/\/blog.rchss.sinica.edu.tw\/wwchu\/?p=5515"},"modified":"2021-01-29T13:18:43","modified_gmt":"2021-01-29T05:18:43","slug":"a-free-market-manifesto-that-changed-the-world-reconsidered","status":"publish","type":"post","link":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/?p=5515","title":{"rendered":"A Free Market Manifesto That Changed the World, Reconsidered"},"content":{"rendered":"<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"A Free Market Manifesto That Changed the World, Reconsidered\" src=\"https:\/\/www.nytimes.com\/svc\/oembed\/html\/?url=https%3A%2F%2Fwww.nytimes.com%2F2020%2F09%2F11%2Fbusiness%2Fdealbook%2Fmilton-friedman-doctrine-social-responsibility-of-business.html#?secret=wh2Vt1NoXc\" data-secret=\"wh2Vt1NoXc\" scrolling=\"no\" frameborder=\"0\"><\/iframe><br \/>\nIntroduction by Andrew Ross Sorkin<br \/>\nPublished Sept. 11, 2020, Updated Sept. 14, 2020<br \/>\nMilton Friedman\u2019s libertarian economics influenced presidents and inspired \u201cgreed is good.\u201d So what did Friedman get right \u2014 and wrong? Today\u2019s business leaders and economists weigh in.<br \/>\nSept. 13 is the 50th anniversary of a seminal moment in the world of business: the publication of Milton Friedman\u2019s essay in The New York Times Magazine entitled \u201cThe Social Responsibility of Business Is to Increase Its Profits.\u201d<br \/>\nFriedman, who died in 2006 at the age of 94, was no mere economist; he was a kind of celebrity. He became a regular on the talk-show circuit. PBS even gave him a 10-part series. His economic theories, among the most consequential of the 20th century, still hold sway over large parts of corporate America, maybe none more so than this 1970 manifesto on corporate governance. (For more on the historical context in which Friedman\u2019s essay landed, see this essay by Kurt Andersen.) At DealBook, we wanted to mark the occasion by stirring a series of discussions and debates. So, in conjunction with The Times Magazine, we assembled 22 experts \u2014 including C.E.O.s, Nobel laureate economists and top think-tank leaders \u2014 and asked them to respond to Friedman\u2019s essay. Some cited specific passages, and some took on (and took issue with) Friedman\u2019s entire argument.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction by Andrew Ross Sorkin Published Sept. 11, 2020, Updated Sept. 14, 2020 Milton Friedman\u2019s libertarian economics influenced presidents and inspired \u201cgreed is good.\u201d So what did Friedman get right \u2014 and wrong? Today\u2019s business leaders and economists weigh in. Sept. 13 is the 50th anniversary of a seminal moment in the world of business: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-5515","post","type-post","status-publish","format-standard","hentry","category-reflections","category-international-economics"],"_links":{"self":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts\/5515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5515"}],"version-history":[{"count":1,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts\/5515\/revisions"}],"predecessor-version":[{"id":5516,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts\/5515\/revisions\/5516"}],"wp:attachment":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}