S6 Ep53: What is the purpose of a company?

VoxTalks Economics - A podcast by VoxTalks - Fridays

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In 1970 Milton Friedman told us that “The Social Responsibility of Business Is to Increase Its profits.” Faced with climate change, is that still the right objective for a company, and what could replace it? Dirk Schoenmaker, one of the authors of “Corporate Finance for Long-Term Value” talks to Alissa Kleinnijenhuis and Tim Phillips.