Philanthropy is one of the enduring areas of economic research. Why would people work hard only to give their earnings away? The paper explores the theoretical foundations, as well as the empirical and policy research on philanthropy. This paper reviews over 25 years worth of economic research,...

Peter Drucker addresses a conference via satellite. During his talk, he discusses: the formation of the Drucker Foundation, the growth of nonprofit organizations, the expectations of volunteers, innovation, seeing problems as opportunities, learning to convert good intentions into performance...