Frank tries to refute Friedman, as Arrow previously did. Frank considers the one responsibility that Arrow ignores, that the action that the CEO of a company takes in self interest, and may also be socially responsible. Friedman offers cloaking. Repeated interaction, the use of paying on time, all look socially responsible but they are not. They are forms of prudence. We need them. These types of interactions, which involve honest people are illustrations of prudent …
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showed last 75 words of 369 total
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