6: Philanthropy, market creation, and enterprise development
The institutions of philanthropic giving and the commercial market are traditionally perceived as distinct. But philanthropic resources are increasingly flowing into both for-profit and non-profit market-based organisations, and there is a new focus upon philanthropy's role in creating or repairing...
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| Format: | Online |
| Sprog: | engelsk |
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Edward Elgar Publishing
2025
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| Online adgang: | https://directory.doabooks.org/handle/20.500.12854/162719 |
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| _version_ | 1869523710479695872 |
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| author | Jonathan, Roberts |
| author_browse | Jonathan, Roberts |
| author_facet | Jonathan, Roberts |
| author_sort | Jonathan, Roberts |
| collection | Directory of Open Access Books |
| description | The institutions of philanthropic giving and the commercial market are traditionally perceived as distinct. But philanthropic resources are increasingly flowing into both for-profit and non-profit market-based organisations, and there is a new focus upon philanthropy's role in creating or repairing markets in order to achieve social and economic impact. This chapter describes this market support role of philanthropy and analyses in detail two distinct modes of action: a market creation function, modelled on the mainstream capitalist market, that seeks to enable the development of innovative market structures and products that can resolve social problems at scale; and a ‘community enterprise’ function, whereby philanthropic funding develops the commercial capacity of locally based social enterprises and businesses. The chapter recognises normative criticisms of philanthropy's role in market development, but argues that there is an important social policy function for philanthropy in repairing specific absences and failures of both market and state. |
| format | Online |
| id | doab-20.500.12854ir-162719 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | Edward Elgar Publishing |
| publisherStr | Edward Elgar Publishing |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1627192025-07-10T13:47:44Z 6: Philanthropy, market creation, and enterprise development Jonathan, Roberts Philanthropy; Catalytic capital; Markets; Social enterprise; Community business; Blended finance JKSN1 JKS JKSB GTP The institutions of philanthropic giving and the commercial market are traditionally perceived as distinct. But philanthropic resources are increasingly flowing into both for-profit and non-profit market-based organisations, and there is a new focus upon philanthropy's role in creating or repairing markets in order to achieve social and economic impact. This chapter describes this market support role of philanthropy and analyses in detail two distinct modes of action: a market creation function, modelled on the mainstream capitalist market, that seeks to enable the development of innovative market structures and products that can resolve social problems at scale; and a ‘community enterprise’ function, whereby philanthropic funding develops the commercial capacity of locally based social enterprises and businesses. The chapter recognises normative criticisms of philanthropy's role in market development, but argues that there is an important social policy function for philanthropy in repairing specific absences and failures of both market and state. Published 2025-07-10T13:47:41Z 2025-07-10T13:47:41Z 2025-06-28 chapter 9781035309856 https://directory.doabooks.org/handle/20.500.12854/162719 eng image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://www.e-elgar.com/shop/gbp/handbook-on-philanthropy-and-social-policy-9781035309849.html https://www.elgaronline.com/edcollchap-oa/book/9781035309856/chapter6.xml Edward Elgar Publishing Edward Elgar Publishing 10.4337/9781035309856.00014 10.4337/9781035309856.00014 01ceac28-75b4-492a-8eec-f9b98bc6b28c https://creativecommons.org/licenses/by-nc-nd/4.0/ 9781035309856 Edward Elgar Publishing Cheltenham, UK open access |
| spellingShingle | Philanthropy; Catalytic capital; Markets; Social enterprise; Community business; Blended finance JKSN1 JKS JKSB GTP Jonathan, Roberts 6: Philanthropy, market creation, and enterprise development |
| title | 6: Philanthropy, market creation, and enterprise development |
| title_full | 6: Philanthropy, market creation, and enterprise development |
| title_fullStr | 6: Philanthropy, market creation, and enterprise development |
| title_full_unstemmed | 6: Philanthropy, market creation, and enterprise development |
| title_short | 6: Philanthropy, market creation, and enterprise development |
| title_sort | 6 philanthropy market creation and enterprise development |
| topic | Philanthropy; Catalytic capital; Markets; Social enterprise; Community business; Blended finance JKSN1 JKS JKSB GTP |
| topic_facet | Philanthropy; Catalytic capital; Markets; Social enterprise; Community business; Blended finance JKSN1 JKS JKSB GTP |
| url | https://directory.doabooks.org/handle/20.500.12854/162719 |
| work_keys_str_mv | AT jonathanroberts 6philanthropymarketcreationandenterprisedevelopment |