The Free-Market System Is the Best Guide for Corporate Decisions

The Free-Market System Is the Best Guide for Corporate Decisions

If some of the current consequences of business activity are in conflict with the public interest, the fault lies not with the free enterprise system, a mechanism of almost incredible effectiveness in matching available resources against consumer preferences, but rather with a lack of adequate infor...

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Veröffentlicht in:Financial analysts journal 1971-09, Vol.27 (5), p.26-73
1. Verfasser: Heyne, Paul T.
Format: Artikel
Sprache:eng
Schlagworte:
Businesspeople
Corporations
Decision making
Economic resources
Economic systems
Financial advisers
Free enterprise
Investors
Public interest
Social responsibility
The Investor's Guide to the Issues in Social Responsibility
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Zusammenfassung:If some of the current consequences of business activity are in conflict with the public interest, the fault lies not with the free enterprise system, a mechanism of almost incredible effectiveness in matching available resources against consumer preferences, but rather with a lack of adequate information about these consequences in an urbanized, industrialized high-technology society. There are no grounds for assigning the professional investor any special responsibility for the public interest, because he is no better informed about these consequences than anyone else.
ISSN:0015-198X
1938-3312
DOI:10.2469/faj.v27.n5.26