An Appropriate Ethical Model for Business and a Critique of Milton Friedman’s Thesis [Archive.org URL]

The goals of this article are to propose a free-market model of business ethics for firms of all sizes and types (by describing a past attempt to promote such a standard), to comment on the history of regulation and on the emergence and teachings of the discipline of “business ethics,” and to argue that Friedman’s perspective on corporate responsibility as outlined in 1970 and his subsequent position on corporate lobbying are counterproductive to the furtherance of such a free-market model among leaders of the business community.

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