Reading Question Set 5

Instructions

• By now, you should have 1) read "The Social Responsibility of Business is to Increase its Profits", 2) attempted to answer the reading questions on your own, and 3) watched the instructor explanations of the questions
• Now re-write your answer to the reading questions and submit your answers

 Reading Questions

• How does Friedman describe the responsibility of the executive? (1b)
• In what senses may an executive be socially responsible? In what sense would it be wrong for an executive to be socially responsible (2a)
• How does corporate social responsibility end up being a kind of private taxation? (2b)
• Reflection: If you invested $1000 of your hard-earned money into an ownership share of a company, what do you expect from the corporate executives?
• What is the problem with the principle of private taxation? (2b-3a)
• What is the negative consequence of private taxation? (3b)