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dc.contributor.authorÁcs, Zoltán J.en
dc.contributor.authorDesai, Sameekshaen
dc.date.accessioned2007-10-23-
dc.date.accessioned2009-07-27T09:39:27Z-
dc.date.available2009-07-27T09:39:27Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aJena Economic Research Papers |x2007,056en
dc.subject.jelO10en
dc.subject.jelP10en
dc.subject.jelI30en
dc.subject.ddc330en
dc.subject.keywordPhilanthropyen
dc.subject.keywordentrepreneurshipen
dc.subject.keyworddemocratic capitalismen
dc.subject.keywordfoundationen
dc.subject.keywordsocial problemsen
dc.subject.keywordIndia educationen
dc.subject.keywordsocial innovationen
dc.subject.stwWohltätigkeiten
dc.subject.stwUnternehmeren
dc.subject.stwSchumpeterismusen
dc.subject.stwKapitalismusen
dc.subject.stwDemokratieen
dc.subject.stwGlobalisierungen
dc.subject.stwUSAen
dc.subject.stwWelten
dc.titleDemocratic capitalism and philanthropy in a global economy-
dc.typeWorking Paperen
dc.identifier.ppn547181078en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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