Enabling, Promoting and Protecting the Entrepreneur, Philanthropist, Entrepreneur-Philanthropist and the American Way of Life
Handbook of Research on Entrepreneurs’ Engagement in Philanthropy - Perspectives, (Edward Elgar Publ., 2015)
41 Pages Posted: 28 Jul 2014 Last revised: 16 Aug 2016
Date Written: July 1, 2014
The chapter focuses on how core principles in America’s Declaration of Independence and the Constitution have shaped opportunity recognition and risk taking characteristics shared by entrepreneurs and certain approaches to philanthropy. Of particular focus are principles that relate to the “pursuit of happiness” and “blessings of liberty.” The chapter asserts that America’s extensive entrepreneurship and philanthropy experiences both are made possible by these principles and are exemplars or manifestations of these principles in action. By advancing these core American principles this paper contends that we can expand on centuries-old traditions of hard work, innovation, and creativity that has contributed so much to economic growth, individual opportunity, improved quality of life, and advances in human welfare.
Keywords: entrepreneurship, philanthropy, blessings of liberty, pursuit of happiness, charity, charitable sector, impact investing, social entrepreneurship, social enterprise
JEL Classification: P12
Suggested Citation: Suggested Citation