The seminal work of Friedman suggested that because business is primarily an economic institution, economic values should be the sole determinant of its performance, without any consideration being given to non-economic social values, so long as businesses’ perimeters of operation falls within “open and free competition without deception or fraud.” This phrase was seized upon by Mulligan in his critique of Friedman’s perspective against business assumption of expansive social responsibility. While Mulligan’s response may be a carefully concealed argument for business assumption of expansive corporate social responsibility, his critique appears to assume that Ethics and Corporate so
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