Corporate Social Responsibility -Part 1 of 2 | #103

It has now been 50 years since economist Milton Friedman asked and answered a fundamental question: What is the role of business in society?

Friedman’s stance was,“There is one and only one social responsibility of business, to use its resources and engage in activities designed to increase its profits.”

The Gwartney team takes a look at Friedman's stance with its recent 50 year anniversary, answering the question, "What is a corporations social responsibility?"