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Distilling Economic Literature

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Distilling Economic Literature

Tag: Milton Friedman

Economic Thought

It Was Never Only About Profits

Dr. Ellen Clardy, January 23, 2021July 24, 2025

A Discussion “The Social Responsibility of Business: Milton Friedman Reconsidered” As an economics professor, I know I have some misconceptions to overcome every semester a new crop of students appear in my intro microeconomics course. Economics is about greed. It is immoral. Capitalism is bad. Elrick and Thies (2018) offer…

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