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Friedman introduced the theory in a 1970 essay for The New York Times titled "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". [2] In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders. [2]
Price theory was a significant aspect of his legacy as a teacher, and he taught the subject from 1946 to 1964 and again from 1972 to 1976. Notable economists who took Friedman's price theory course include James M. Buchanan, Gary Becker, and Robert Lucas Jr., all of whom later became Nobel laureates. [1]
The compound is considered not a true molecular trihydrogen oxide compound. Instead, each oxygen atom is linked by a strong (covalent) bond to only two hydrogen atoms, as a water molecule, and there are molecules of dihydrogen inserted in the voids of the water molecules network. [6] Structurally, it is thus a 2(H 2 O)·H 2 stoichiometric ...
In modern contract theory, the “theory of the firm” is often identified with the “property rights approach” that was developed by Sanford J. Grossman, Oliver D. Hart, and John H. Moore. [ 45 ] [ 46 ] The property rights approach to the theory of the firm is also known as the “Grossman–Hart–Moore theory”.
In chemistry, hydronium (hydroxonium in traditional British English) is the cation [H 3 O] +, also written as H 3 O +, the type of oxonium ion produced by protonation of water.It is often viewed as the positive ion present when an Arrhenius acid is dissolved in water, as Arrhenius acid molecules in solution give up a proton (a positive hydrogen ion, H +) to the surrounding water molecules (H 2 O).
Zeise's dimer, [(η 2-C 2 H 4)PtCl 2] 2, derived from Zeise's salt by elimination of KCl followed by dimerisation. COD-platinum dichloride, (cyclooctadiene)PtCl 2, derived from platinum(II) chloride and 1,5-cyclooctadiene, is a common platinum(II) alkene complex. Many other ethylene complexes have been prepared.
Hexaamminecobalt(III) chloride is the chemical compound with the formula [Co(NH 3) 6]Cl 3.It is the chloride salt of the coordination complex [Co(NH 3) 6] 3+, which is considered an archetypal "Werner complex", named after the pioneer of coordination chemistry, Alfred Werner.
H 2 O the C−C bond length has increased to 134 picometres from 133 pm for ethylene. In the nickel compound Ni(C 2 H 4 )(PPh 3 ) 2 the value is 143 pm. The interaction also causes carbon atoms to "rehybridise" from sp 2 towards sp 3 , which is indicated by the bending of the hydrogen atoms on the ethylene back away from the metal. [ 4 ]