Friedman Shareholder & Freeman Stakeholder Capitalism Discussion

I’m studying for my Business class and don’t understand how to answer this. Can you help me study?

This assignment is deepen your understanding of the difference between Friedman’s shareholder capitalism and Freeman’s stakeholder capitalism.

The assignment is worth 3 points, but up to one additional point may be awarded for students whose analysis demonstrates considerable effort and a keen understanding of the disagreement between those who support shareholder capitalism and those who support stakeholder capitalism.

  1. Read A Free Market Manifesto That Changed the World, Reconsidered from the New York Times, from September 2020 (18p), marking the 50th anniversary of the Friedman article you read for class.
  2. Create a document that can be uploaded as a PDF or Word Document.
  3. Write your Exam 1 score at the top of the document, under your name
  4. Answer the prompts below, following formatting guidelines.

Submissions will be graded on the following (see rubric):

  • Whether the student followed formatting and prompt guidelines. I reserve the right to not even grade students’ submissions if they do not follow guidelines on this extra credit assignment.
  • Whether the submission indicates that students read the whole document and took time to think about it.
  • Degree to which each prompt response (1 point each):

    • Develops the author in the NYT article’s argument, reconstructing their analysis (1/2 point).
    • Justifies your response to the author–defending your assessment and demonstrating that you understand the difference between the shareholder and stakeholder view (1/2 point).

Formatting:

  • Each response is worth 1 point, but all responses will be docked points if these guidelines are not met.
  • You must label each response with:
    • the Prompt number (1,2,3)
    • the part (A,B)
    • the sub-part, if there is one (i, ii)

      • Ex: 1Bi
  • You must skip a line between each response, including A & B, and Bi & Bii.
  • At the top of the document, you must put your name, then put Exam 1 score on the next line (out of 20, so Ex: 15/20).
    • If you scored higher than 16/20, you must differentiate your score from the rest of your text by doing things such as highlighting it in yellow, changing it to red or blue, or italicizing/bolding/underlining it so that it is easy for me to see when grading. Your score must be easy to read.

Prompts:

(1) Find something that one of the 22 experts in this document says that you AGREE with.

(A) Reconstruct what they say and explain whether they are supporting or critiquing shareholder capitalism. Justify your answer.

(B) Give at least two reasons for why you agree with them. Label them 1Bi & 1Bii and skip a line between them. The reasons must be different to receive full credit.

(2) Find something that one of the 22 experts in this document says that you DISAGREE with.

(A) Reconstruct what they say and explain whether they are supporting or critiquing shareholder capitalism. Justify your answer.

(B) Give at least two reasons for why you disagree with them. Label them 2Bi & 2Bii and skip a line between them. The reasons must be different to receive full credit.

(3) Find something that one of the 22 experts in this document says SURPRISED you.

(A) Reconstruct what they say that surprised you.

(B) Explain what surprised you about what they said. This may involve explaining what you initially thought or what you would have thought this person would believe. It may also involve some self reflection about your preconceptions coming into this class or before reading this document.

Prof. Angela

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