70. Few trends could so thoroughly undermine the very foundation of our free society, writes Milton Friedman

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70. “Few trends could so thoroughly undermine the very foundation of our free society,” writes Milton Friedman in Capitalism and Freedom, “as the acceptance by corporate officials of a social responsibility other than to make as much money for their shareholders as possible.”

a. Discuss your reactions to this quote from a legal standpoint.

b. Discuss your reactions to this quote from an ethical standpoint.

c. How would you resolve any conflicts that exist between your two answers?

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Cost Accounting Traditions And Innovations

ISBN: 9780324180909

5th Edition

Authors: Jesse T. Barfield, Cecily A. Raiborn, Michael R. Kinney

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