Financial Times FT.com

Foreword by Lionel Barber, Editor, Financial Times

By Lionel Barber

Published: July 3 2007 03:58 | Last updated: July 3 2007 03:58

The idea that companies should be responsible in their pursuit of profit is now a given.

It was not always so. When Business In The Community was established 25 years ago, the corporate view, as expounded by Milton Friedman, the US Nobel Prize-winning economist, was that profit was all that mattered.

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