Episode 312: The Next American Economy
Words & Numbers
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What's the Difference Between Profit and Incommensurability?
Milton Friedman wrote about the social responsibility of businesses to produce a profit. That's the counter-arguing, that's the long-standing counter-argued into stakeholder theory. The discipline forces a business to think about all these other things and how they can impact or detract from the company's capacity to produce profit and shareholder value.
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