Economics Nobel laureate Milton Friedman famously argued that the only responsibility of a business is to maximize shareholder value, consistent with the law.Discuss, using economic logic.

Responsibility of a Business and Shareholder Value Discussion Paper

I have 2 topics. You can choose ONE. Choose the one that you are most knowledgeable of. Needs to be 1000 words.

 TOPIC 1

Economics Nobel laureate Milton Friedman famously argued that the only responsibility of a business is to maximize shareholder value, consistent with the law.Discuss, using economic logic.

OR

TOPIC 2

Land, labor and capital are important for production – but they are nothing without entrepreneurial talent.How has managerial economics helped you refine yourself as a tool of management, as a productive resource, and as a product you can sell to employers?Describe how you have already changed, and how you plan to change, using economic logic.