Is an Independent Non-Profit Sector Prone to Failure?

Toward an Austrian School Interpretation of Nonprofit and Voluntary Action

The Philanthropic Enterprise, 2004

This monograph (co-authored with Dave Prychitko) is featured in the Conversations on Philanthropy series.  It outlines a critical assessment of the coherence of Salamon’s paradigm from a largely Austrian economic perspective (that is, one in the tradition of Ludwig von Mises and F.A. Hayek), examines the potential for Lohmann’s suggest- ed revisions, and begins to explore how Austrian economic theory can advance our understanding of the social role of nonprofit voluntary organizations.

 

 

Download the PDF here.

 

Read more about the Conversations on Philanthropy Journal here.