Businesses’ Duties

What duties do businesses have toward others, apart from refraining from violating their rights or otherwise treating them poorly? Do they have a responsibility to help solve social problems? Milton Friedman answered this question in a famous 1970 essay, “The Social Responsibility of Business,” with a resounding “No!” Was he right? Friedman says that managers of businesses owe their jobs […]

Read more

There’s No Such Thing as a “Will of the People,” But There Is a Public Interest

Last week, I discussed the book Gaming the Vote by William Poundstone with the Ethics & Economics Challenge students at MVHS. It’s a nice, readable book that drapes some heavy-duty political science in engaging story-telling. One of the concepts we discussed was the Arrow Theorem, discovered by economist and mathematician Kenneth Arrow. The Arrow Theorem shows us why there’s no […]

Read more
1 5 6 7 8 9