Warren Buffett versus Muhammad Yunus

C. Y. Cyrus Chu

Journal of Institutional and Theoretical Economics (JITE), 2015, vol. 171, issue 4, 696-708

Abstract: Warren Buffett proposed the Giving Pledge, a campaign to encourage the wealthiest rich to commit to giving most of their wealth to philanthropic causes. These benevolent entrepreneurs first maximize their business profit, and then donate their earned wealth to the poor. Muhammad Yunus proposed an alternative social business approach: the owner of social businesses maximizes the poor's welfare under the constraint of no persistent gain or loss. This paper finds that a social-business owner can do better than a benevolent entrepreneur only when the poor's wealth is not very low, a background not consistent with what Yunus considered.

Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.mohrsiebeck.com/en/article/warren-buff ... 45615x14356629692093 (text/html)
Fulltext access is included for subscribers to the printed version.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mhr:jinste:urn:doi:10.1628/093245615x14356629692093

Ordering information: This journal article can be ordered from
Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany

DOI: 10.1628/093245615X14356629692093

Access Statistics for this article

Journal of Institutional and Theoretical Economics (JITE) is currently edited by Gerd Mühlheußer and Bayer, Ralph-C

More articles in Journal of Institutional and Theoretical Economics (JITE) from Mohr Siebeck, Tübingen
Bibliographic data for series maintained by Thomas Wolpert ().