Milton Friedman

Milton Friedman was a prominent economist known for advocating free-market principles and limited government intervention in the economy. He believed that businesses primarily serve society by maximizing profits, arguing that ethical behavior in business stems from voluntary actions rather than government mandates. As a libertarian, he championed individual freedom and responsibility, emphasizing personal choice in economic transactions. Friedman's conservatism also highlighted the importance of traditional values and fiscal discipline. His influential ideas shaped modern economics, particularly in promoting market efficiency and questioning regulatory policies, framing debates in business ethics around profit generation versus social responsibility.