What differentiates American capitalism from all other forms of industrial capitalism is a historical focus on both the creation of wealth (entrepreneurship) and the reconstitution of wealth (philanthropy). Philanthropy has been part of the implicit American social contract that continuously...

The creation of wealth (entrepreneurship) and the reconstitution of wealth (philanthropy) differentiates American capitalism from other forms of capitalism. A new area of research, entrepreneurship philanthropy, will facilitate the economists' and general public's understanding of the role of...