Michael Munger on Sharing, Transaction Costs, and Tomorrow 3.0
EconTalk
00:00
The Paradox of Nonprofits
Nobel Prize-winning economist Gene Fama looked at the nonprofit as a form of financing that is designed to attract capital. He found that people are willing to make voluntary contributions to public goods, and it's not true that markets can't provide these things. For profit, price-driven markets may not be able to provide public goods, but nonprofits are pretty good at providing them.
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