Difference between revisions of "Milton Friedman"

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Revision as of 00:09, 9 January 2008

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This article is part of the Tobacco portal on Sourcewatch funded from 2006 - 2009 by the American Legacy Foundation.

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Milton Friedman, who formerly taught economics at the University of Chicago, is regarded as one of the most influential proponents of neo-liberal market economics.

Friedman argued that the only "corporate social responsibility" is for the corporation "to use its resources and engage in activities designed to increase its profits" without deception or fraud. Friedman argued that "only real people, not artificial people like corporations, can have 'responsibilities.'"[1]

Friedman advocated advocated lifting criminal penalties for using illicit drugs.[2]

INFOTAB members solicted Friedman to participate in the multinational tobacco industry's Social Costs/Social Values Project circa 1981, to slow the decline in social acceptabilty of smoking.[3]

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