Tag Archive: Friedman Doctrine and the local church

How The Friedman Doctrine Radically Changed Our Nation And Our Churches Part 2

In our last post we detailed the impact of the “Friedman Doctrine” on America’s economy and business philosophies and values. We argued that its singular focus on profits forever changed America. In this article we will speculate how embracing Friedman’s ideas filtered down and impacted the local church. Admittedly, there are many factors that influenced the value shifts we’ve seen... Continue Reading

How The Friedman Doctrine Radically Changed Our Nation And Our Churches Part 1

On Sept. 13, 1970, the New York Times published the “essay heard round the world.” In his manifesto, economist Milton Friedman argued that corporations have one – and only one – obligation: maximizing profits for shareholders. Friedman’s “doctrine”, also referred to as the Shareholder Theory, became arguably the most consequential economic idea of the 20th century and, unarguably, changed America forever. Its singular focus on profits became... Continue Reading