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dc.contributor.authorÁcs, Zoltán J.en_US
dc.contributor.authorDesai, Sameekshaen_US
dc.date.accessioned2007-10-23en_US
dc.date.accessioned2009-07-27T09:39:27Z-
dc.date.available2009-07-27T09:39:27Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/25630-
dc.description.abstractDemocratic capitalism has become the popular paradigm in the modern world, and it is spreading further through globalization. It is a model based on growth, expansion and constant innovation. However, it is accompanied by social problems which may worsen despite overall gains in wealth. In this paper, we suggest that democratic capitalist societies may benefit from the application of what has been a primarily American institution: Philanthropy. We present the Entrepreneurship-Philanthropy Cycle, which demonstrates the relationship between wealthy entrepreneurs, philanthropic contributions and economic opportunity. As a nonmarket and nonstate mechanism, philanthropy is unique in its structure and operations, and may offer the ideal approach to solving social problems. We suggest that both the internationalization of American foundations, and the growth of domestic philanthropy, can help developing countries offset social problems.en_US
dc.language.isoengen_US
dc.publisherUniversität Jena und Max-Planck-Institut für Ökonomik Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2007,056en_US
dc.subject.jelO10en_US
dc.subject.jelP10en_US
dc.subject.jelI30en_US
dc.subject.keywordPhilanthropyen_US
dc.subject.keywordentrepreneurshipen_US
dc.subject.keyworddemocratic capitalismen_US
dc.subject.keywordfoundationen_US
dc.subject.keywordsocial problemsen_US
dc.subject.keywordIndia educationen_US
dc.subject.keywordsocial innovationen_US
dc.subject.stwWohltätigkeiten_US
dc.subject.stwUnternehmeren_US
dc.subject.stwSchumpeterismusen_US
dc.subject.stwKapitalismusen_US
dc.subject.stwDemokratieen_US
dc.subject.stwGlobalisierungen_US
dc.subject.stwUSAen_US
dc.subject.stwWelten_US
dc.titleDemocratic capitalism and philanthropy in a global economyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn547181078en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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