Acs, Zoltan J.; Audretsch, David; Phillips, Ronnie J.; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2007
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...