O'Reilly logo

Finance and the Good Society by Robert J. Shiller

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 18

Philanthropists

Philanthropists are essential to the market economy. Indeed there is only so much a purely selfish individual can do with the large amounts of wealth that our financial system can bestow on successful people. One can drive (or be driven in) only one car at a time. One can eat only so much food, or wear only one set of clothes at a time. Virtually all of the things one can buy are based on products that are made available to the great mass of people, and hence are not that dissimilar from the products everyone else consumes. One can buy the finest wine, but in truth it is only incrementally different from other wines produced for the multitudes. Certainly some wealthy people do strive to own multiple large homes, expensive ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required