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MISC.

Milton Friedman Was Wrong

August 22, 2019 Eric Posner

Sure, Business Roundtable’s repudiation of Milton Friedman’s theory that corporations should maximize shareholder value is empty PR from business leaders worried about the country’s ideological shift to the left. But it’s a good opportunity to explain why Friedman was wrong in the first place, which I do in The Atlantic.

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Kirkland and Ellis Distinguished Service Professor, University of Chicago Law School

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