Fifty years ago, The New York Times reminds us, there occurred “a seminal moment in the world of business: the publication of Milton Friedman’s essay in The New York Times Magazine entitled ‘The Social Responsibility of Business Is to Increase Its Profits.’” As a newspaper read by...
Trying to make sense of the sustainable logic of Goldman Sachs and Milton Friedman? Goldman Sachs sells a particular type of wisdom to its clients, many of whom are convinced it’s the only wisdom that counts: the science of profitability. At the end of the day, it’s all math, even when the...
Social democracy promoted by the late Harvard political economist John K. Galbraith is the future of capitalism with its emphasis on equity and responsibility alongside prosperity. Social and economic ills of our time are predictable outcomes of the ideological dismissal of a functional theory of...
