Explain anshen concept of social contract

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Consider the contrasting points of view set forth by Melvin Anshen and Milton Friedman on the social responsibility of corporations and corporate executives.

a. Do you believe that corporations have social responsibilities beyond increasing profit, such as philanthropy or environmental protection or public health? Or do you think that these social "contributions" merely amount to "hypocritical window-dressing," as Friedman suggests?

b. Explain Anshen's concept of the social contract between business and society. How and why is that contract changing, according to Anshen?

c. Summarize both Anshen's and Friedman's arguments in your own words. Which do you find more convincing? Be sure to list some possible objections to your position.

Reference no: EM133051787

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