TY  - BOOK
AU  - Acs,Zoltan
TI  - Why Philanthropy Matters: How the Wealthy Give, and What It Means for Our Economic Well-Being 
SN  - 9780691148625
AV  - HV25 .A27 2017
U1  - 361.74 23
PY  - 2013///]
CY  - Princeton, NJ : 
PB  - Princeton University Press, 
KW  - Capitalism - Social aspects
KW  - Capitalism
KW  - Social aspects
KW  - Endowments
KW  - Entrepreneurship - Social aspects
KW  - Entrepreneurship
KW  - Humanitarianism - Economic aspects
KW  - Humanitarianism
KW  - Economic aspects
KW  - Rich people - Charitable contributions
KW  - Rich people
KW  - Charitable contributions
KW  - POLITICAL SCIENCE / Public Policy / Economic Policy
KW  - bisacsh
KW  - American economy
KW  - American exceptionalism
KW  - American philanthropy
KW  - American-style capitalism
KW  - Britain
KW  - East Asia
KW  - European Union
KW  - Gilded Age economy
KW  - Giving Pledge
KW  - Leland Stanford
KW  - Robert Frank
KW  - associations
KW  - capitalism
KW  - charity
KW  - class structure
KW  - consumption tax
KW  - cowboy capitalism
KW  - creative destruction
KW  - economic equality
KW  - economic growth
KW  - economic opportunity
KW  - economic security
KW  - education
KW  - entrepreneurial economy
KW  - entrepreneurship
KW  - estate tax
KW  - foundations
KW  - generosity
KW  - income inequality
KW  - income
KW  - individual freedom
KW  - industries
KW  - inequalities
KW  - information technology
KW  - innovation
KW  - liberal democracy
KW  - managerial economy
KW  - markets
KW  - opportunity creation
KW  - opportunity
KW  - personal consumption
KW  - philanthropists
KW  - philanthropy
KW  - productivity
KW  - prosperity
KW  - public goods
KW  - research universities
KW  - self-reliance
KW  - technological innovation
KW  - universities
KW  - volunteerism
KW  - wealth creation
KW  - wealth
KW  - welfare state
KW  - western frontier
N1  - Frontmatter --; Contents --; Preface --; Chapter 1. A Conversation --; Chapter 2. Creating Opportunity --; Chapter 3. Entrepreneurship and Innovation --; Chapter 4. The Wealth of Nations --; Chapter 5. Charity and Philanthropy --; Chapter 6. American-Style Capitalism --; Chapter 7. The Global Perspective --; Epilogue. Changing the Tax Laws --; Pledge Letters --; Notes --; Index; restricted access; Issued also in print
N2  - 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. Providing a new perspective on the development of capitalism, Why Philanthropy Matters highlights philanthropy's critical links to the economic progress, health, and future of the United States--and beyond
UR  - https://doi.org/10.1515/9781400846818?locatt=mode:legacy
UR  - https://www.degruyter.com/isbn/9781400846818
UR  - https://www.degruyter.com/cover/covers/9781400846818.jpg
ER  -