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Why Philanthropy Matters – How the Wealthy Give, and What It Means for Our Economic Well-Being - Princeton Scholarship Online
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Why Philanthropy Matters: How the Wealthy Give, and What It Means for Our Economic Well-Being

Zoltan J. Acs


This book 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, the book 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, it argues ... More

Keywords: capitalism, philanthropy, wealth, public goods, economic growth, productivity, technological innovation, economic equality, economic security

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780691148625
Published to Princeton Scholarship Online: October 2017 DOI:10.23943/princeton/9780691148625.001.0001


Affiliations are at time of print publication.

Zoltan J. Acs, author
George Mason University