Why Philanthropy Matters

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Explore the transformative power of giving with "Why Philanthropy Matters." This essential read unveils the critical role of philanthropy in enriching American culture and its profound impact on global economies. Authored by Zoltan Acs, the book meticulously analyzes how philanthropy serves as an underappreciated catalyst in capitalism, inspiring productive wealth reinvestment worldwide. With a focus on historical figures like Benjamin Franklin and Bill Gates, the text shows how their philanthropic efforts not only address wealth distribution but also complement government initiatives in creating invaluable public goods.

Delving into the intricate dynamics of American-style capitalism since the eighteenth century, "Why Philanthropy Matters" argues that philanthropy achieves three significant goals: it determines the fate of accumulated wealth, enhances public welfare, and promotes economic growth through education, science, and medicine. The analysis serves as a compelling guide, showcasing philanthropy as a vital force for technological innovation, economic equality, and security.

Ideal for scholars, business leaders, and philanthropists, this book encourages a deeper understanding of capitalism’s evolution and the necessity of cultivating a global philanthropic culture. Order your copy today and contribute to the ongoing discourse surrounding philanthropy’s vital importance in shaping economies.

Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Condition: BRAND NEW
ISBN: 9780691177960
Format: Trade paperback (US)
Year: 2017
Publisher: Princeton University Press.

Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.

Condition: BRAND NEW
ISBN: 9780691177960
Format: Trade paperback (US)
Year: 2017
Publisher: Princeton University Press


Description:


Philanthropy has long been a distinctive feature of American culture, but its crucial role in the economic well-being of the nation--and the world--has remained largely unexplored. Why Philanthropy Matters takes an in-depth look at philanthropy as an underappreciated force in capitalism, measures its critical influence on the free-market system, and demonstrates how American philanthropy could serve as a model for the productive reinvestment of wealth in other countries. Factoring in philanthropic cycles that help balance the economy, Zoltan Acs offers a richer picture of capitalism, and a more accurate backdrop for considering policies that would promote the capitalist system for the good of all. Examining the dynamics of American-style capitalism since the eighteenth century, Acs argues that philanthropy achieves three critical outcomes. It deals with the question of what to do with wealth--keep it, tax it, or give it away. It complements government in creating public goods. And, by focusing on education, science, and medicine, philanthropy has a positive effect on economic growth and productivity.
Acs describes how individuals such as Benjamin Franklin, Andrew Carnegie, Bill Gates, and Oprah Winfrey have used their wealth to establish institutions and promote knowledge, and Acs shows how philanthropy has given an edge to capitalism by promoting vital forces--like university research--necessary for technological innovation, economic equality, and economic security. Philanthropy also serves as a guide for countries with less flexible capitalist institutions, and Acs makes the case for a larger, global philanthropic culture. Providin

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