1. Is bluffing in business ethical? Summarize Carr’s argument. Do you agree with him? Does bluffing pass Hooker’s generalization test in poker? Does it pass the generalization test in business? Discuss.
2. Is the social responsibility of business to increase its profits? Identify the key criticisms leveled by Arrow and Calkins & Wight against Friedman’s position as represented by his NY Times article. Identify the criticism that seems to you to be the most telling against Friedman. Can you defend Friedman against that criticism? Has reading Arrow and/or Calkins & Wight changed your view of the social responsibility of business?