Rob Reich on Foundations and Philanthropy

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4.7 • 4.3K Ratings

🗓️ 3 September 2017

⏱️ 64 minutes

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Summary

Is private charity always a good thing? Do large foundations have too much power? Political Scientist Rob Reich of Stanford University talks with EconTalk host Russ Roberts about the power and effectiveness of foundations--large collections of wealth typically created and funded by a wealthy donor. Is such a plutocratic institution consistent with democracy? Reich discusses the history of foundations in the United States and the costs and benefits of foundation expenditures in the present.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:09.3	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:13.8	Our website is econtalk.org where you can subscribe, comment on this podcast, and find
0:18.9	links and other information related to today's conversation.
0:21.7	We'll also find our archives where you can listen to every episode we've ever done going
0:26.1	back to 2006.
0:28.3	Our email address is mailadycontalk.org.
0:30.8	We'd love to hear from you.
0:34.4	Today is August 21st, 2017, and my guest is Rob Reesh, Professor of Political Science
0:40.2	and by courtesy, Professor Philosophy, and at the Graduate School of Education at Stanford
0:45.2	University.
0:46.2	He's the Director of the Center for Ethics in Society and Co-Director of the Center
0:50.9	on Philanthropy and Civil Society.
0:53.6	He has written a number of pocket of articles on the role of foundations and philanthropy,
0:58.1	which will be our topic for today and which we will link to Rob Welcome to Econ Talk.
1:02.1	Thanks, really glad to be here.
1:04.1	I want to start with the History of Foundations that you touched on briefly in one of your
1:07.5	papers.
1:08.5	I was surprised at some of the things I learned from that.
1:11.2	Talk about how Rockefeller started and some of the issues that came up with Congress
1:16.8	and the decision about Federal versus State establishing them a foundation.
1:21.9	Sure.
	...

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