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- 02 Jun 2014
- News
How to Win the Argument with Milton Friedman
- 08 Sep 2020
- News
In defense of Milton Friedman
- 29 Apr 2021
- News
‘the Whole Milton Friedman Thing Is Dead’
- 01 May 2006
- What Do You Think?
Who Will Cast a Longer Shadow on the 21st Century: Friedman or Galbraith?
global challenges on their responses. Sudip Bose put it this way: "Venerated works of Milton Friedman have influenced government policies. . . . But, his shadow will be relentlessly chased primarily by... View Details
Keywords: by James Heskett
- 15 Jan 2011
- News
Revisiting the rights and responsibilities of business
- 16 Oct 2013
- News
The Brain—and Soul—of Capitalism
- 03 Jul 2008
- News
A Better Solution for China
- December 1995 (Revised November 1996)
- Background Note
Corporate Purpose and Responsibility
By: Lynn S. Paine
Presents several conceptions of corporate purpose and responsibility as articulated by a variety of groups and individuals during the period 1970-95. Included are materials from the Business Roundtable, the American Law Institute, the Royal Society of Arts and... View Details
Paine, Lynn S. "Corporate Purpose and Responsibility." Harvard Business School Background Note 396-201, December 1995. (Revised November 1996.)
- Forthcoming
- Article
From Bupkis to Sechel in Health Care
By: Regina E. Herzlinger and Richard Boxer
Fifty years ago, famed economist Milton Friedman declared that “The social responsibility of business is to increase its profits.” This free market manifesto was adopted by the healthcare industry as well. But transactional has evolved into transformational with the... View Details
Keywords: Corporate Accountability; Customer Focus and Relationships; Corporate Social Responsibility and Impact; Health Industry
Herzlinger, Regina E., and Richard Boxer. "From Bupkis to Sechel in Health Care." JAMA, the Journal of the American Medical Association (forthcoming).
- August 2021
- Case
Danone S.A.: Becoming a Mission-Driven Company (A)
By: Benjamin C. Esty and Emilie Billaud
Emmanuel Faber became CEO of Danone SA, the French food and beverage company, in 2014. Right from the start, he ran the company with a dual commitment to both profit and purpose (i.e., ESG objectives). In fact, in 2018, he said, “It’s time to make sustainable business... View Details
Keywords: Business and Stakeholder Relations; Corporate Governance; Leadership; Corporate Social Responsibility and Impact; Mission and Purpose; Environmental Sustainability; Goals and Objectives; Consumer Products Industry; Food and Beverage Industry; France; Europe
Esty, Benjamin C., and Emilie Billaud. "Danone S.A.: Becoming a Mission-Driven Company (A)." Harvard Business School Case 722-354, August 2021.
Scott Duke Kominers
Scott Duke Kominers is a Professor of Business Administration in the Entrepreneurial Management Unit; as well as a Faculty Affiliate of the
- 26 Mar 2013
- First Look
First Look: March 26
managers have responsibilities to the system itself, and, in particular, should these responsibilities shape their behavior when they are attempting to structure those institutions of capitalism that are determined through a political process? A prevailing view-perhaps... View Details
Keywords: Sean Silverthorne
- 07 Aug 2013
- Working Paper Summaries
Debating the Responsibility of Capitalism in Historical and Global Perspective
Keywords: by Geoffrey G. Jones
- 09 May 2017
- What Do You Think?
Should Management Be Primarily Responsible to Shareholders?
“father of agency theory,” Milton Friedman, reconciled his views with managing for long-term sustainability rather than maximum short-term shareholder value. Jacob Navon said, for example, “I think this whole debate is introducing... View Details
Keywords: by James Heskett
- 28 Jun 2022
- Book
The Moral Enterprise: How Two Companies Profit with Purpose
How can government and business work together in this fractious political moment, when finding solutions to pressing problems like inequality and climate change are more urgent than ever? Rebecca Henderson, Harvard University’s John and Natty McArthur University... View Details
Keywords: by Avery Forman
- 29 Jul 2013
- Research & Ideas
A Manager’s Moral Obligation to Preserve Capitalism
Capitalism's moral logic was perhaps most famously articulated by free market champion Milton Friedman when he said that "the social responsibility of business is to increase its profits." That... View Details
Keywords: by Michael Blanding
- Web
Partners - Case Method Project
Everett High School Everett, MA Subjects: US History 1, AP US History MA 61 of 159 Maggie Hale Natick High School Natick, MA MA 62 of 159 Kit Halsey Leckerling Milton Academy Milton, MA MA 63 of 159 Jessica Hanssens Cohasset High School... View Details
- 29 Aug 2018
- What Do You Think?
What Should Harley-Davidson’s Management Do?
business is business,’ is an important statement of Milton Friedman in this context. The criticism on Harley would be worse if they did not run their business in the most cost-effective way, including... View Details
- Web
Teacher Profiles - Case Method Project
Emma Frey Phillips Academy Andover, MA OH Nick Friedman Mechanicsburg High School Mechanicsburg, OH CA Jake Friske El Molino High School Forestville, CA MA Dale Fritch Westwood High School Westwood, MA MA Ginger Fritz Ipswich High School... View Details