Interesting insight; definetely worth the attention! Sara-Christine Gemson tries to reconcile corporate profits and corporate promises By Sara-Christine Gemson Cherwell – Oxford University Student Newspaper May 15, 2008 As far back as 1970, the highly influential Nobel prize-winning economist Milton Friedman argued that for the benefit of society as a whole, the primary concern of business should be business, not social responsibility. It is perhaps unsurprising that free-market economists such as Friedman and Smith would be dismissive of corporate social responsibility. What is interesting is that the ethical concern that may appear to be a contemporary phenomenon is in fact not a new consideration. What has changed is the attention that it is getting. With NGO campaigns unveiling unethical business practices, and social and environmental concerns becoming important factors in consumer choice, corporations can no longer afford to dismiss their duty to the community. The World Bank Gr...