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Book Review
Zoltan J Acs, Why Philanthropy Matters: how the wealthy give, and what it means for our economic well-being . This book provides a different perspective on the development of capitalism by highlighting philanthropy’s critical links to economic progress, heath and...
Book
By:
Zoltan J Acs
Zoltan J Acs, Why Philanthropy Matters: how the wealthy give, and what it means for our economic well-being. This book provides a different perspective on the development of capitalism by highlighting philanthropy’s critical links to economic progress, heath and future from a USA perspective. Acs argues that philanthropy achieves three critical outcomes: He believes philanthropy complements government in creating public goods and by focussing on education, science and medicine and philanthropy has had a positive effect on economic growth and productivity. Acs argues that philanthropy has given an edge to capitalism by promoting vital forces necessary for technological innovation, economic equality and economic security.