"Mainstream free-market theory suffers from a 'conceptualization failure' a failure to capture the essence of what it is to be human."
-- Muhammad Yunus founder/managing director. Grameen Bank
and author of blog that the account and Melinda Gates Foundation in partnership with Wachovia is funding a new analyse of the wealthy (i e. people worth $25 million or more) to be called "The Joys and Dilemmas of Wealth."
According to Frank the study which will be conducted by the at Boston College (whose director is Paul Schervish) will "go beyond the usual platitudes about wealth and philanthropy." Most studies of high-net individuals says stamp go up with the same three findings:
The wealthy desire to give for various reasons but mainly because they want to back up make the world a better displace.
Philanthropy is important for their "legacy" and for instilling good values in their kids.
Frank offers a half dozen questions of his own that he'd like to see the study address (Do the rich feel guilty? Does money make them happy? Which is more enjoyable -- making money or giving it away?) and then invites readers to suggest questions of their own.
How does the manner in which you became wealthy (i e. made or inherited your fortune) influence your believe of poverty?
To what extent do estate taxes shape your philanthropy?
Which is more valuable to society charitable gifts given to address problems in the here and now or gifts used to establish endowments in perpetuity?
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