Business
Vital Signs: 50 years ago Milton Friedman told us greed was good. He was half right – The Conversation AU
Firms should attempt to maximise profits, but if shareholders want it, there’s no reason why they can’t have other goals.
The point is, ladies and gentleman, that greed for lack of a better word is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms greed for life, for money, for love, knowledge has marked the upward surge of mankind.
Gordon Gekko, Wall Street 1987
Fifty years ago, well before the movie Wall Street, Chicago economist Milton Friedman set down what for many was the essence of the famous speech in Wall Str…
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