PHI 2397 Lecture Notes - Lecture 3: Purdue Pharma, Amartya Sen, Peoplesoft
Document Summary
"the social responsibility of business is to increase its profits", m. friedman. "the sackler family withdrew more than billion from purdue pharma. During the country"s opiod crisis", cnn: dec. 17, 2019: see syllabus for website. "getting away with murder", by j. rakoff, the new york review of books, "excerpts from an inquiry into the wealth of nations", by adam smith. Basic stances, not developed ethical theories; those coming later. Not just shareholders"/stock owners" interests matter; also interests of employees, managers, customers, suppliers, community/citizens generally, foreign host countries . Friedman, "the social responsibility of business is profits" Milton friedman, economist, u. chicago, advisor to gov"ts: Social responsibility -- and ethics --not defined, not definable. "private corporations and public welfare", by g. brenkert. A general objection to csr deserves consideration and response (p. 85) csr "involves the illegitimate encroachment of private organizations into the public realm. " (friedman would say: illegit. encroachment by gov"t/public into private enterprise.
