Milton Freedman's Business Ethics

Morality is the principle used by human welfare as a guiding principle of morals in the organization and in other fields. Moral also refers to specific values ​​and rules to achieve their lives (Ethical Society, 2002). The value of the principle is to show honesty, trust, loyalty, fairness, mutual respect, and the people are responsible for care and existence. These values ​​are ethical and the foundation of personal values. In addition, most people have learned ethics in various places.

The purpose of this article is to explain whether business ethics is mandatory or optional. In this article, it will analyze four ethical theories, namely Milton Friedman, Edward Freeman, Albert Car and Carol. Milton Friedman and Albert Karl said ethics is essential, Edward Freeman and Carol's national ethics are optional. After analyzing these theories it is difficult to find out whether ethics is selective or necessary. However, the choice of ethics is optional or necessary, depending on the goals and personal characteristics of the administrator or leader. In addition, this article will explain ethical behavior or understanding as an ethical organization. By defining the meaning of business ethics, Crane and Matten (2007) clarifies that business ethics is a study of business situations, activities, and decisions that address correct and false issues.

Clearly, corporate ethics is to apply general moral values ​​to corporate behavior. In a typical business ethics textbook, I think that ethics of ethics is good. This is true as long as morality refers to capitalist personality and civil society's ethics. As Milton Freedman states it, the company's sole responsibility is to make the best use of its profit - but it is ethical, ie not compatible with society as a whole. Act like it works. State intervention is common as a means to remedy market failures and replace missing markets. The theory thinks that the market will be effective and the demand for national intervention should decrease. Practices to improve market performance must be based on capitalist ethics. People must be taught to act in a specific ethical way for capitalist business activities. Business ethics certifies preference for self-interest