Eleemosynary

A new word for you:

eleemosynary (comparative more eleemosynarysuperlative most eleemosynary)

  1. Relating to charityalms, or almsgiving.  [quotations ▼]
  2. Given in charity or alms; having the nature of alms; as, eleemosynary assistance.  [quotations ▼]
  3. Supported by charity; as, eleemosynary poor.  [quotations ▼]

 

 

From a very interesting essay by Milton Friedman – “The Social Responsibility of Business is to Increase its Profits”
Here.   I don’t post it as I agree with it – I’m not sure. But it is interesting to consider who bears the cost of “social responsibility” measures by businesses, and how appropriate it is for different people to bear these costs. Small businesses without many shareholders would seem to have more flexibility to pursue activities not focussed on profit. That said, I also suspect that the value of an outcome of profit is often underestimated. Profit is not always good, but it’s not bad either.

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