As I understand it, Friedman believes that corporations should be amoral. Society should determine moral costs (including that of a human life - a proxy for what Ed Norton calls 'C') and let corporations optimize accordingly.
I could answer them, but I'll see if I can channel Milton to answer them for us. He's been pretty clear with his answer to #1, #2 will be more difficult.
Two (related) questions:
ReplyDelete1) Who is responsible for enforcing the socially agreed-upon constrains on the amoral actor?
2) How do we prevent the amoral actor from corrupting/capturing the enforcer?
Thanks for the great questions Dylan!
ReplyDeleteI could answer them, but I'll see if I can channel Milton to answer them for us. He's been pretty clear with his answer to #1, #2 will be more difficult.