Who’s in the bigger hole when an ethical investor divests from BHP?

The mining giant releases full-year results this week, but Britain’s biggest pension fund will no longer care

At this point in history, time does not appear to have been especially kind to the views of the famed economist Milton Friedman.

He may be one of the few recipients of the Nobel memorial prize in economic sciences that non-dismal scientists can actually name (others might be Friedrich Hayek, Joseph Stiglitz, Paul Krugman and, ahem, President Josiah Bartlet from The West Wing) but one of his most famous ideas is looking somewhat dated.

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