The Greater Good: How Philanthropy Drives the American Economy and Can Save Capitalism - Hardcover

A senior research scholar at Yale Law School, Claire Gaudiani served as president of Connecticut College from 1988 until 2001 and continues to serve as volunteer president of the New London Development Corporation. She lives in New Haven, Connecticut.

As president of Connecticut College in the 1990s, Gaudiani saw the school's endowment quintuple, no doubt bolstering her enthusiasm for philanthropy and inspiring this foray into writing about public policy. Declaring "no people on earth are as generous with their money as Americans are," Gaudiani posits "citizen generosity" as not just an alternative to government spending or corporate investment, but an integral fulfillment of the nation's "democratic imperative" of upward mobility. She mostly chooses her historical examples well, as in sections on Chicago's vibrant (and lucrative) museum culture and the origins of the March of Dimes, but does stumble occasionally: as evidence of our generosity, an early chapter observes that 89% of Americans made charitable donations in 2001-but fails to mention that September 11 might have made the year's giving patterns atypical. Her optimism also leads to a debatable argument that the happiness the founding fathers wanted us to pursue lay in contributing to others' success and that revived attention to various religious championings of generosity could inspire a philanthropic revolution. Gaudiani makes much of the idea that we need charity because we can't rely on government to fix our problems, especially since we hate paying taxes, and conservatives and libertarians will undoubtedly cite this book to support increased tax cuts "freeing up" money for donations. Some will agree, some will not, but what can anyone really say against a book that suggests we all give more to charity?
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