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Re: Another question about free-markets...

At 11:53 PM -0500 10/4/98, Jim Choate wrote:
>Milton Friedman won the Nobel price in 1976 in economics. One of the
>questions he asked was:
>Do corporate executives, provided they stay within the law, have
>responsibilities in their business activities other than to make as much
>money for their stockholders as possible?
>His answer was 'no', they have no responsibility outside of those two
>considerations (ie the law, stockholders expectations of profit).

	The law was a very implicit assupmtion in his question.

	Take the law out of it and ask him again.

	If he gives you the same answer, he is wrong.
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