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The late economist Milton Friedman argued that a corporation's social responsibility was to increase profits, with the proviso "so long as it stays within the rules of the game, which is to say engage in open and free competition without deception or fraud." Dr. Roy Cordato, John Locke Foundation vice president for research and resident scholar, focuses on one piece of that proviso to offer his own definition of corporate social responsibility. Cordato offered these remarks during a July 29, 2011, Friedman Legacy of Freedom Day lecture for a JLF audience. Video courtesy of Watch full-length videos of JLF events here: