In 1992, I sent Milton Friedman a draft of my 1993 paper “Friedman's Theory of Corporate Social Responsibility.” He and I corresponded at length. My 1993 paper argues that Friedman's published formulations of his theory are not equivalent and that they prescribe different courses of action in many possible cases. In our correspondence, Friedman conceded that his two formulations of his theory are inconsistent and, at my suggestion, he endorsed a modified version of the view he presented in as the preferred version of his theory. This modified theory is an important formulation of his position. In one of his letters to me, Friedman writes: “I agree that corporate executives might have duties to the general public which sometimes outweigh their duties to the shareholders.” I argue that this creates major problems for his theory. I also answer Friedman's published response to one of my criticisms.

中文翻译：

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我与米尔顿·弗里德曼 (Milton Friedman) 关于企业社会责任的通信

1992 年，我寄给米尔顿·弗里德曼一份我 1993 年发表的论文“弗里德曼的企业社会责任理论”的草稿。他和我进行了长时间的通信。我在 1993 年发表的论文认为弗里德曼发表的他的理论表述并不等同，它们在许多可能的情况下规定了不同的行动方案。在我们的通信中，弗里德曼承认他对他的理论的两种表述是不一致的，并且在我的建议下，他赞同他所提出的观点的修改版本，作为他的理论的首选版本。这个修改后的理论是他的立场的重要表述。弗里德曼在给我的一封信中写道：“我同意公司高管可能对公众负有的责任有时会超过他们对股东的责任。” 我认为这给他的理论带来了重大问题。