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What are people buying when they give money away? Is pure altruism
possible? Who benefits from grants to charities and subsidies to
givers? Is religious giving different? Which fundraising approaches
"work", and is more charity always better? Questions like these
make philanthropy and fundraising among the most dynamic research
areas in economics today. This research review guides students and
scholars from the time when giving was seen as "irrational", to the
present when economics has fully embraced the complex and
fascinating challenges of understanding why self-interested people
can be so unselfish.
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