Author Archives: felixmitterer

The Social Responsibility of Business is to Increase its Profits

http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html According to Friedman, businessman who talk about “social responsibility of business in a free-enterprise system” are preaching pure and unadulterated socialism. In his view, corporate executives shall exclusively strive after increasing the company’s profits. If businessmen don’t act like … Continue reading

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Economists Are Getting Religion

http://www.businessweek.com/magazine/content/04_49/b3911107_mz057.htm The article deals with this week’s topic: Economic Imperialism. The treatead field is religion: “…religion is simply to big for economics to ignore…” In Lazear’s artcile Gary Becker was mentioned several times as one of the most important economists … Continue reading

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