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We now proceed to paragraph six of Milton Friedman’s 1970 essay on business ethics. Whatever theory of business ethics you subscribe to (profit-maximization or stakeholder theory), this short paragraph is perhaps the most important one of the entire essay, so … Continue reading →

Thus far, we have reviewed in great detail the first five paragraphs of Professor Friedman’s classic essay on business ethics. In the court of popular opinion, these first few paragraphs constitute Friedman’s “opening statement” about the proper role of business … Continue reading →

[Update (10/22): We have revised the second paragraph of this post.] Thus far, we have revisited the first two paragraphs of Professor Friedman’s scathing critique of corporate social responsibility or CSR. (To sum up: we dismissed the opening paragraph as … Continue reading →

Now that we have brushed off the outlandish first paragraph of Professor Friedman’s classic essay on business ethics (see our previous post), let’s turn to the second paragraph. Unlike the ad hominem nature of the first paragraph, this second paragraph … Continue reading →

Now that we have introduced Milton Friedman’s classic essay on business ethics (see our previous post), let’s jump right in, shall we? Professor Friedman’s first paragraph is by far his weakest one, for it contains some outlandish and sensational claims. … Continue reading →

Milton Friedman (1912-2006) made one of the most provocative arguments on the role of business firms in society almost 50 years ago. In a now-famous essay published on 13 September 1970 in The New York Times Magazine, Professor Friedman (pictured below) … Continue reading →

Although there are no “sick days” on the Internet, we’re going to take the day off as we’re feeling under the weather today …

That is the title of the “cookie art” pictured below. Check out Judith G. Klausner’s entire collection of “Oreo Cameos” here. (Hat tip: Cliff Pickover.)

Just kidding! But we love the ingenious idea proposed by Mike Maneth (see above). Yes, President Donald J. Trump promised at a campaign rally to pay $1 million to a charity of Senator Elizabeth Warren’s choice if she could prove … Continue reading →

Emily Temple, a writer and senior editor at Lit Hub, describes 20 different rooms where many famous books were written. She includes Ernest Hemingway’s library (pictured below) in Finca Vigía, his home outside Havana, Cuba, where “he wrote seven books, … Continue reading →