Charitable Foundations and Their Effects–BECKER

From The Becker-Posner Blog, Gary Becker writes a fantastic post on American charitable giving habits and its effect.

These guys are incredible.

Much is being made of the business-like approach to giving by some new foundations, including the Gates foundation. Maybe it will be better than the old approaches, but given the sharp division of labor in advanced societies, it is not surprising that successful businessmen are usually much better at making their money than spending their money on charities. Still, I do believe that the new approach can help if it does not frown on cooperation with commercial enterprises that are looking to make profits, sometimes while trying to do “good.”

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