World’s Dumbest Idea

Denning says Milton Friedman is the The Origin Of ‘The World’s Dumbest Idea’ . No popular idea ever has a single origin. But the idea that the sole purpose of a firm is to make money for its shareholders got going in a major way with an article by Milton Friedman in the New York Times on September 13, 1970.

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World’s Dumbest Idea