Ultrapersonligt it- og kulturstof for noble fritænkere
Lidt tørt til de tørre
Lidt tørt til de tørre
Originally shared by Tim O'Reilly
Nobel Laureate in Economics Oliver Hart and his colleague Luigi Zingales provide a fascinating analysis and refutation of Milton Friedman's intellectual basis for shareholder value maximization theory, explaining why they believe that "shareholder welfare maximization should replace market value maximization as the proper objective of companies.”
https://promarket.org/where-friedman-was-wrong/ ⟲
A new paper by Oliver Hart and Luigi Zingales argues that a company’s objective should be the maximization of shareholders’ welfare, not value. In 1970, Milton Friedman famously argued that corporate managers should “conduct the business in...
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