by Belinder | Jan 13, 2022 | business
According to Milton Friedman, “Business has only one social responsibility – to make profits (as long as it stays within the legal and moral rules of the game established by society). Few trends could so thoroughly undermine the very foundations of our society...
by Belinder | Oct 21, 2021 | economics
Milton Friedman, an economist, proposed in the late 1950s that when consumers consider what they can spend, most people assess what they are going to earn during their entire lifetime (permanent income) rather than their current income. If given a little extra cash...
