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Financial Times
6 mins | May 13, 2020

When Milton Friedman, prophet of profit, met a pandemic

Andrew Hill: COVID-19 sheds fresh light on the economist’s narrow definition of social responsibility. Milton Friedman never could have predicted in 1970 that his essay 'The Social Responsibility of Business is to Increase Its Profits' would have gained so much traction again in the middle of a pandemic. And yet it is clear his ideas continue to generate fierce debate. In his Financial Times column, Hill explores in today's context the possible reasons why.

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