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Philanthropic Partnerships: The Theory Of The Commons, Roger A. Lohmann
Philanthropic Partnerships: The Theory Of The Commons, Roger A. Lohmann
Faculty & Staff Scholarship
The third sector is the sector of commons in the same sense that the market is the sector of profit-oriented firms and the state is the sector of public bureaucracies. In its present state, nonprofit theory is largely the creation of committees of lawyers and accountants concerned only with very narrow questions. Despite its limitations, the contemporary philanthropic world has been reluctant to embrace any substitute universal summary terms to describe or characterize the ful range of concerns covered by concerns of philanthropy. Commons theory offers a possible alternative capable of dealing with the full range of philanthropic concerns.