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Article
Social Technology & the Origins of Popular Philanthropy
Georgia State University Law Review
  • Brian L. Frye, University of Kentucky College of Law
Abstract

The prevailing theory of charity law holds that the charitable contribution deduction is justified because it solves market and government failures in charitable goods by compensating for free riding on charitable contributions. This Article argues that many market and government failures in charitable goods are actually caused by transaction costs, and that social technology can solve those market and government failures by reducing transaction costs. Specifically, it shows that in the early twentieth century, the social technology of charity chain letters solved market and government failures in charitable contributions and facilitated the emergence of popular philanthropy.

Document Type
Article
Publication Date
1-1-2016
Notes/Citation Information

Brian L. Frye, Social Technology & the Origins of Popular Philanthropy, 32 Ga. St. U. L. Rev. 413 (2016).

Citation Information
Brian L. Frye. "Social Technology & the Origins of Popular Philanthropy" Georgia State University Law Review Vol. 32 Iss. 2 (2016) p. 413 - 457
Available at: http://works.bepress.com/brian_l_frye/16/