The idea of “social entrepreneurship”—innovation in the philanthropic sector to fill in the gaps left by both the market sector and the state sector—has become a hot topic in the last decade. People increasingly wonder how nonprofit enterprises and social entrepreneurs can effectively mimic the successes of the market economy in increasing human welfare, choice, and dignity without either the profit-loss system of markets or the democratic and constitutional checks of the public sector.
Lots of details here.
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