Rational Choice by Milton Friendman

Team 1Mario, Sergio, Ricardo

• Corporations are analogous and moral persons• We can equate Corporations with individuals,

or at least reduce their motives, decisions and behaviors to an individual level.

• «Corporate ethical issues cab be reduced to aggregating ethical issues faced by the individuals who severally constitute those organizations» Keeley and Velazques

Milton Friedman in 1970

There is one and only one social responsibility of business — to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.

What did he mean?

Examples of Organizations that operates at this level

• War example