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In this moment when the global market economy, itself are going through a serial internal crisis, corporate social responsibility is the answer a many problems such as: fraudulent bankruptcies, questionable purchases, cheatings in the accounts, very high manager salaries, disrespect for basic values, deregulations or disconnection between financial and economic activities. Instead of international laws.
This paper analyzes the classical and socio economic theories of corporate social responsibility.
The main representative of the classical view is Milton Friedman economist and Nobel Prize who maintains that corporate social responsibility (CSR) is based on reduce profits , reduce wages and salaries, increase prices and distort the market for investment capital, Those who adopt the classical view of the firm believe that the only social responsibilities to be adopted by business are the provision of employment and payments of taxes (Moir, 2001) ...
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