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.



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