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Economics
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(a) What do you think about corporate social responsibility (CSR)? Make sure to clarify the role of institutions in society as part of your answer.

(b) What do you think is the proper role of organizations towards the environment? Make sure to address the potential financial incentives or sustainability (minimizing or eliminating waste).

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Paramjeet Chawla
Paramjeet ChawlaLv8
28 Sep 2019

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Regarding long-term unemployment, what incentives do you believe the long-term unemployed face with unemployment insurance programs? As part of your answer, make sure to address what impacts these programs have on the economy of a country.

Read the following two articles:

The Social Responsibility of Business Is to Increase Its Profits, Friedman

A Stakeholder Approach to Strategic Management, Freeman and McVea Friedman argued,

“Few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible.” In contrast, Freeman and McVea argued that the role of a corporation is to balance the needs of all stakeholders.

How do you feel about Friedman’s and Freeman and McVea’s statements? Explore both sides of the argument in your initial post by providing one argument that supports Friedman’s assertion and one argument that refutes it. Then provide one argument that supports Freeman and McVea’s assertion and one argument that refutes it. Once you have explored both sides of each argument, explain which author(s) you think is correct and why.

2 . In the recent past, small business lenders (for example 'biz2credit', 'kabbage', 'CANCapital', and 'LendingClub') have become popular. Their major function is to provide loans to small businesses to carry on the day-to-day business operations. You may not need to do research in order to answer the following questions. But most definitely you would have to use your analytical mind and make connections to the material learned in the class.

a) Why are these lenders important to the financial system? Include the competition from the financial institutions (such as commercial banks, shadow banks) discussed in the class.

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