Explain the theory of human nature

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1. Milton Friedman writes on the purpose of business. His view about this has been considered to be “Aristotelian.” Explain. In your explanation identify what Friedman takes the purpose of business to be.

2. Explain the theory of human nature that Friedman accepts and how it informs Friedman’s claim about what is good for us.

3. Why does Friedman think that freedom is good?

4. What does Friedman take “socialism” to be, and why does he thinks that it is bad?

5. How does Friedman respond to a position claiming that the purpose of Business is to practice social responsibility by contributing to charities and so on? [Hint: You should identify a “problem in principle” and a “problem in consequence” (and be able to state what it is for something to be a problem in principle and a problem in consequence).]

6. It sounds like a good compromise that (a) business practice social responsibility because “good ethics is good business.” But Friedman rejects this suggestion. Why?

Reference no: EM132296794

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