Thank you for the correction. I was referring to Jensen and Meckling https://papers.ssrn.com/sol3/papers.cfm?abstract_id=94043 https://papers.ssrn.com/sol3/pape

Thank you for the correction. I was referring to Jensen and Meckling https://papers.ssrn.com/sol3/papers.cfm?abstract_id=94043 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=94043 but the basis was Friedman.