Shareholder capitalism
Friedman’s Legacy: From Doctrine to Theorem
Friedman was more right than his detractors claim and more wrong than his supporters would like us to believe. However, after 50 years of...
Beyond Friedman’s Doctrine: The True Purpose of the Business Corporation
The pandemic and the renewed focus on inequality and injustice arising in the wake of the death of George Floyd have accelerated the conversation...
Market Forces Already Address ESG Issues and the Issues Raised by Stakeholder Capitalism
When do market forces push firms toward stakeholder goals, rather than just shareholder goals? When do market forces push firms toward ESG goals? When...
