NBER WORKING PAPER SERIES
Gary S. Becker*
Working Paper No. 42
CENTER FOR ECONOMIC ANALYSIS OF HUMAN BEHAVIOR AND SOCIAL INSTITUTIONS
National Bureau of Economic Research. Inc.
261 Madison Avenue, New York, N.Y. 10016
June1974
Therefore, charity is a form of self—insurance that is a substitute
for market insurance and government transfers. Presumably, the rapid
growth of these latter during the last 100 years discouraged the growth of
charity.
No comments:
Post a Comment