Category Archives: Philanthropy

The Role of Philanthropy to Achieve the Good of Economic Order: Notes Towards a Normative Model

Philanthropy: Anyone familiar with the medical and cultural institutions of Metropolitan Boston – upon which institutions the regional economy rides piggyback – cannot help but admire the beneficence, wisdom, and benefit of philanthropy:  the Connors Center for Women’s Health and Gender Biology at Brigham and Women’s Hospital; the Connors Family Learning Center and the Clough Center for the Study of Constitutional Democracy at Boston College; the Yawkey Center for Outpatient Care and the Wang Building at Mass General; The Rosenberg Building at Beth Israel Hospital; the Salvation Army Kroc Center on Dudley St.; the Harry V. Keefe Library and the Clough Center for Global Understanding at Boston Latin School; the John A. Paulson School of Engineering and Applied Sciences at Harvard; the Carl J. and Ruth Shapiro Cardiovascular Center at Brigham and Women’s Hospital; museums, endowed scholarship funds, hundreds of endowed chairs, stained glass windows, etc. (Continue reading)

An Imaginary Letter From an Imaginary Billionaire

To whom it may concern:

I am a billionaire. To earn my wealth I assumed personal and financial risks. If I had failed and gone broke, no one would have felt sorry for me or bailed me out; nor would I have asked to be bailed out. I and my associates provided to the world superior material goods of higher value-for-money than comparably priced substitutes. We offered our products honestly and we charged what the market would bear; consumers purchased our goods wisely and gladly. Our incomes have been proportionate to our contribution to the economy.  (Continue reading)