1998-10-05 - Re: Another question about free-markets…

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From: Petro <petro@playboy.com>
To: cypherpunks@einstein.ssz.com (Cypherpunks Distributed Remailer)
Message Hash: ab11d6666fb2107c14937ec1e29bac3954c41cdf07483bc755dfe9ddadb24859
Message ID: <v04011705b23ed69864d5@[206.189.103.244]>
Reply To: <199810050453.XAA01444@einstein.ssz.com>
UTC Datetime: 1998-10-05 07:09:37 UTC
Raw Date: Mon, 5 Oct 1998 15:09:37 +0800

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From: Petro <petro@playboy.com>
Date: Mon, 5 Oct 1998 15:09:37 +0800
To: cypherpunks@einstein.ssz.com (Cypherpunks Distributed Remailer)
Subject: Re: Another question about free-markets...
In-Reply-To: <199810050453.XAA01444@einstein.ssz.com>
Message-ID: <v04011705b23ed69864d5@[206.189.103.244]>
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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.
--
petro@playboy.com----for work related issues. I don't speak for Playboy.
petro@bounty.org-----for everthing else.      They wouldn't like that.
                                              They REALLY
Economic speech IS political speech.          wouldn't like that.





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