IDEAS home Printed from https://ideas.repec.org/h/spr/inschp/978-0-387-72663-2_11.html
   My bibliography  Save this book chapter

Democratic Capitalism and Philanthropy in a Global Economy

In: Public Policy in an Entrepreneurial Economy

Author

Listed:
  • Sameeksha Desai

    (The George Mason University)

  • Zoltan J. Acs

    (The George Mason University)

Abstract

When the market creates social problems, non-market solutions may alter or equalize them. The response to social problems in many countries has been through legislative, regulatory or other government action. In many countries in the developing world, state solutions are crippled by poor funding resources for social issues, lack of technical ability to achieve adequate solutions, and in some cases, lack of government legitimacy. Given this, the ideal solutions for social problems must come from non-market and non-state sources. We argue that philanthropy, a social innovation born in the United States, has great potential to work in other countries.

Suggested Citation

  • Sameeksha Desai & Zoltan J. Acs, 2008. "Democratic Capitalism and Philanthropy in a Global Economy," International Studies in Entrepreneurship, in: Zoltan J. Acs & Roger R. Stough (ed.), Public Policy in an Entrepreneurial Economy, chapter 11, pages 281-293, Springer.
    • Handle: RePEc:spr:inschp:978-0-387-72663-2_11
    DOI: 10.1007/978-0-387-72663-2_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Kingdon, Geeta, 1996. "The Quality and Efficiency of Private and Public Education: A Case-Study of Urban India," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 58(1), pages 57-82, February.
    2. Kenneth E. Boulding, 1962. "Notes on a Theory of Philanthropy," NBER Chapters, in: Philanthropy and Public Policy, pages 57-72, National Bureau of Economic Research, Inc.
    3. Zoltan J. Acs & David Audretsch & Ronnie J. Phillips & Sameeksha Desai, 2007. "The Entrepreneurship-Philanthropy Nexus: Nonmarket Source of American Entrepreneurial Capitalism," Papers on Entrepreneurship, Growth and Public Policy 2007-09, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    4. Thomas Ireland, 1969. "The calculus of philanthropy," Public Choice, Springer, vol. 7(1), pages 23-31, September.
    5. Zoltan J. Acs & Ronnie J. Phillips, 2008. "Entrepreneurship and Philanthropy in American Capitalism," Chapters, in: Entrepreneurship, Growth and Public Policy, chapter 34, pages 509-524, Edward Elgar Publishing.
    6. Frank G. Dickinson, 1970. "The Changing Position of Philanthropy in the American Economy," NBER Books, National Bureau of Economic Research, Inc, number dick70-1.
    7. Wren, Daniel A., 1983. "American Business Philanthropy and Higher Education in the Nineteenth Century," Business History Review, Cambridge University Press, vol. 57(3), pages 321-346, October.
    8. Mark Casson (ed.), 1990. "Entrepreneurship," Books, Edward Elgar Publishing, number 537.
    9. Albert Danielsen, 1975. "A theory of exchange, philanthropy and appropriation," Public Choice, Springer, vol. 24(1), pages 13-26, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zoltán J. Ács & Mary C. Boardman & Connie L. McNeely, 2015. "The social value of productive entrepreneurship," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 3, pages 42-53, Edward Elgar Publishing.
    2. Boettke, Peter J. & Coyne, Christopher J., 2009. "Context Matters: Institutions and Entrepreneurship," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 5(3), pages 135-209, March.
    3. Zoltan Acs, 2012. "Public Policy in an Entrepreneurial Society," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 36, Edward Elgar Publishing.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zoltan J. Acs & David Audretsch & Ronnie J. Phillips & Sameeksha Desai, 2007. "The Entrepreneurship-Philanthropy Nexus: Nonmarket Source of American Entrepreneurial Capitalism," Papers on Entrepreneurship, Growth and Public Policy 2007-09, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    2. João R. Faria & Franklin G. Mixon, 2018. "Entrepreneurial Philanthropy and University Creation: An Economic Model," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(3), pages 1067-1086, September.
    3. Zoltan J. Acs & Pontus Braunerhjelm, 2008. "The Entrepreneurship-Philanthropy Nexus: Implication for Internationalization," Chapters, in: Entrepreneurship, Growth and Public Policy, chapter 35, pages 525-558, Edward Elgar Publishing.
    4. Mathias, Blake D. & Solomon, Shelby J. & Madison, Kristen, 2017. "After the harvest: A stewardship perspective on entrepreneurship and philanthropy," Journal of Business Venturing, Elsevier, vol. 32(4), pages 385-404.
    5. Frank D. Tinari, 1978. "A Theoretical Foundation for the Empirical Analysis of Household Monetary Donations: A Note," The American Economist, Sage Publications, vol. 22(1), pages 72-76, March.
    6. Cai, Meina & Caskey, Gregory W. & Cowen, Nick & Murtazashvili, Ilia & Murtazashvili, Jennifer Brick & Salahodjaev, Raufhon, 2022. "Individualism, economic freedom, and charitable giving," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 868-884.
    7. Tiwari, Sandeep Kumar & Paltasingh, Kirtti Ranjan & Jena, Pabitra Kumar, 2020. "Caste-class association and school participation in Uttar Pradesh, India: Evidence from NSSO data," International Journal of Educational Development, Elsevier, vol. 79(C).
    8. Meh, Cesaire A. & Quadrini, Vincenzo, 2006. "Endogenous market incompleteness with investment risks," Journal of Economic Dynamics and Control, Elsevier, vol. 30(11), pages 2143-2165, November.
    9. Harold Alderman & Peter F. Orazem & Elizabeth M. Paterno, 2001. "School Quality, School Cost, and the Public/Private School Choices of Low-Income Households in Pakistan," Journal of Human Resources, University of Wisconsin Press, vol. 36(2), pages 304-326.
    10. Geeta Gandhi Kingdon, 2020. "The Private Schooling Phenomenon in India: A Review," Journal of Development Studies, Taylor & Francis Journals, vol. 56(10), pages 1795-1817, October.
    11. Maitra, Pushkar & Pal, Sarmistha & Sharma, Anurag, 2011. "Reforms, Growth and Persistence of Gender Gap: Recent Evidence from Private School Enrolment in India," IZA Discussion Papers 6135, Institute of Labor Economics (IZA).
    12. Debra Shepherd, 2015. "Learn to teach, teach to learn: A within-pupil across-subject approach to estimating the impact of teacher subject knowledge on South African grade 6 performance," Working Papers 01/2015, Stellenbosch University, Department of Economics.
    13. Maitra, Pushkar & Pal, Sarmistha & Sharma, Anurag, 2016. "Absence of Altruism? Female Disadvantage in Private School Enrollment in India," World Development, Elsevier, vol. 85(C), pages 105-125.
    14. Eugenia Froedge Toma, 2005. "Private Schools in a Global World," Southern Economic Journal, John Wiley & Sons, vol. 71(4), pages 692-704, April.
    15. David De La Croix & Matthias Doepke, 2009. "To Segregate or to Integrate: Education Politics and Democracy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 76(2), pages 597-628.
    16. Eva Crespo-Cebada & Francisco Pedraja-Chaparro & Daniel Santín, 2014. "Does school ownership matter? An unbiased efficiency comparison for regions of Spain," Journal of Productivity Analysis, Springer, vol. 41(1), pages 153-172, February.
    17. Geeta Gandhi Kingdon, 1998. "Does the labour market explain lower female schooling in India?," Journal of Development Studies, Taylor & Francis Journals, vol. 35(1), pages 39-65.
    18. Patrick McEwan, 2001. "The Effectiveness of Public, Catholic, and Non-Religious Private Schools in Chile's Voucher System," Education Economics, Taylor & Francis Journals, vol. 9(2), pages 103-128.
    19. Pal, Sarmistha & Kingdon, Geeta G., 2010. "Can Private School Growth Foster Universal Literacy? Panel Evidence from Indian Districts," IZA Discussion Papers 5274, Institute of Labor Economics (IZA).
    20. Lant Pritchett & Martina Viarengo, 2015. "The State, Socialisation, and Private Schooling: When Will Governments Support Alternative Producers?," Journal of Development Studies, Taylor & Francis Journals, vol. 51(7), pages 784-807, July.

    More about this item

    Keywords

    Social Problem; Social Innovation; Rockefeller Foundation; Melinda Gate Foundation; Small Business Economic;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:inschp:978-0-387-72663-2_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.