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- Title
The German Gemeinwirtschaftslehre: Implications for modern nonprofit economics.
- Authors
Valentinov, Vladislav
- Abstract
This article examines the way modern nonprofit economics can be informed by the Gemeinwirtschaftslehre, a strand of public and nonprofit economics that was popular in German-speaking countries until the 1980s. Despite its present decline, the Gemeinwirtschaftslehre yields a valuable implication that nonprofit firms address market failure by supplanting the pecuniary entrepreneurial motivation with a nonpecuniary one. In this article, this implication is used to reconsider two central and controversial issues in modern nonprofit economics: the rationale behind the nondistribution constraint in nonprofit firms, and the integration between the market failure and supply-side theories of the nonprofit sector. The article concludes by discussing the emerging prospects for empirical research.
- Subjects
GERMANY; ECONOMICS; MARKET failure; SUPPLY-side economics; PUBLIC interest
- Publication
Regulation & Governance, 2009, Vol 3, Issue 2, p186
- ISSN
1748-5983
- Publication type
Article
- DOI
10.1111/j.1748-5991.2009.01050.x