Has the purpose of corporations changed?

In his influential 1962 book Capitalism and Freedom economist Milton Friedman promoted the position of shareholder primacy by declaring that a corporation has no real “social responsibility” to the public, since its only concern is to increase profits for the shareholders. Continue Reading...

Uruguay’s dignifying prison: Entrepreneurship as rehabilitation

The United States faces significant challenges when it comes to prisoner rehabilitation. According to a recent study, more than 700,000 prisoners are released annually from federal and state prisons. Unfortunately, “within three years, 40 percent will be reincarcerated.” To curb that trend, we’ve seen a range of efforts to improve correctional education and find better ways of supporting prisoners in their journeys toward social reconnection. Continue Reading...

Is income inequality acceptable?

In the past few weeks, democratic presidential hopefuls outlined income inequality fixes anywhere from $1,000 per month basic income to free college and single payer healthcare. While many operate on the assumption that income equality results in a fair economic system, I do not. Continue Reading...

Why the ‘success sequence’ is not enough

We’ve seen a drastic shift in the social habits and behaviors of Americans, whether in work, education, or family life. Yet with an ever increasing range of “nontraditional” routes to success and stability, social scientists have begun to see how one particular pattern bears fruit. Continue Reading...