Free Market vs. Social Responsibility Decision Time at the CED

Abstract

The Committee for Economic Development has expressed contrasting and sometimes contradictory views concerning business9s social responsibilities. A 1971 policy statement favored an expansion of business9s social responsibilities and a government-business partnership for the solution of major social problems. A 1979 policy statement favored free market solutions over government social regulation and placed a higher priority on economic values than on social values. This ambivalence raises a question about CED9s commitment to social responsibility and how it is best achieved.

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