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Small Change

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Table of Contents

Preface vii Chapter One Irrational Exuberance The Rise of "Philanthrocapitalism" 1 Chapter Two The Good, the Bad, and the Ugly When Business Thinking Advances Social Change - and When It Doesn't 16 Chapter Three Missing Evidence The Change That Philanthrocapitalism Doesn't Make 35 Chapter Four The High Cost of Mission Drift Why Human Values and Market Values Don't Mix 63 Chapter Five The Difference That Makes the Difference The Decline of Philanthrocapitalism and the Rise of Citizen Philanthropy 86 Acknowledgments 107 Notes 109 Index 118 About the Author 124

About the Author

Michael Edwards is a writer and activist affiliated with the think tank Demos in New York, the Wagner School of Public Service at New York University, and the Brooks World Poverty Institute at Manchester University in the UK. Previously, he was director of the Ford Foundation's Governance and Civil Society Program and worked for the World Bank, Oxfam, and Save the Children.


"An important corrective to the wishful view that bringing capitalist principles to philanthropy will be good for both endeavors." --Robert Kuttner, coeditor of The American Prospect and author of Everything for Sale "There are all too few people in today's complex and confusing world who have either the courage or the clarity to speak truth to power. Michael Edwards has both, for which this well-researched, solidly argued, and levelheaded book provides ample evidence." --Gita Sen, Professor, Indian Institute of Management Bangalore; Adjunct Professor, Harvard School of Public Health; and Research Coordinator, Development Alternatives with Women for a New Era (DAWN) "Anyone who wants the truth of philanthropy in America should read this book." --Robert B. Reich, Professor of Public Policy, University of California, Berkeley and author of Supercapitalism

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