I've studied economic theories of the nonprofit sector for thirty
years. I am not aware that donations of this sort are considered
consumption. What about volunteer efforts for the Socialist Workers Party?
At 03:42 12/11/2008, you wrote:
Bill Lear wrote:
>
>
> Interestingly, I just last night watched a bit of the PBS show "The
> Journey to Palomar", about the building of the huge Hale telescope on
> Mount Palomar, a staggeringly long-lived and risky project. It was
> funded by capitalists (Yerkes, Rockefeller, Carnegie), but was not for
> profit as far as I know.
That wasn't investment, it was personal consumption. Same as donatins to
the Metropolitan Museum of Art or to the building fund at the University
of Chicago.
Carrol
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