An Austrian Analysis of Charitable Giving

From: Darren Jimenez

Sent: Thursday, December 17, 2020 3:53 PM


Subject: Charity in Austrian Economics

Hello Professor Block,

My name is Darren , I was on the Voluntaryist Haven livestream watching you speak and mentioned something about how to email you to ask about how the Austrians explain charitable giving.

Thank You

Dear Darren:

Here’s a biblio on that subject:

Buchanan, James. 1983. “Rent Seeking, Non compensated Transfers, and Laws of Succession,” Journal of Law and Economics, April: 71-85. Volume 26, Issue 1;

(100% tax)

Giving pledge:

feh. These billionaires were, many of them, good at earning money; they produced, in order to do so. But, they are idiots when it comes to charity. Like Bill Gates’ interview in McLeans, on public education

Bennett and DiLorenzo, 1989; Block, 2006, unpublished, forthcoming;  Hughes, 1988, 1989,1990, 1998, unpublished; LaBletta and Block, 1999; Olasky, 1992; Rothbard, 1973;

Bennett, James T. and Thomas DiLorenzo. 1989. Unfair Competition: The Profits of NonProfits.  New York: Hamilton Press.

Block, Walter E. 2006. “Fanatical, Not Reasonable: A Short Correspondence Between Walter E. Block and Milton Friedman (on Friedrich Hayek’s Road to Serfdom).” Journal of Libertarian Studies, Vol. 20, No. 3, Summer, pp. 61-80;

Block, Walter E. 2012. “James Buchanan on Inheritance: a Critique.” Journal of Entrepreneurship & Public Policy, Vol. 1, No. 2,

Block, Walter E. Unpublished. “Toward a libertarian theory of charitable donations.”

Hughes, Mark. 1988. “Review of Walter W. Powell, ed., The Nonprofit Sector: A Research Handbook, New Haven: Yale University Press, 1987,” in The Philanthropist, Vol. 7, No. 4, Summer, pp. 61-65

Hughes, Mark. 1989. “Unmasking the Two-Tier Tax-Credit Scheme,” The Philanthropist, Vol. 8, No. 2, pp. 16-31

Hughes, Mark. 1990. “Counterpoint: A Response to Bennett and DiLorenzo,” The Philanthropist, Vol. 9, No. 3, Fall, pp. 43-56.

Hughes, Mark. Unpublished. “The Ties That Bind”

Hughes, Mark.  1998. Review of Walter Powell’s The Nonprofit Sector: A Research Handbook (1987); Austrian Economics Newsletter, p. 8, Fall, Vol.10, #1

LaBletta, Nicole and Walter E. Block. 1999. “The Restoration of the American Dream: A Case for Abolishing Welfare,” Humanomics, Vol. 15, No 4, pp. 55-65

Olasky, Marvin. 1992. The Tragedy of American Compassion, Chicago: Regnery Gateway.

Rothbard, Murray N. 1973. For a New Liberty, chapter 8: “Welfare and the Welfare State,” Macmillan, New York;

Rothbard, Murray N. 1973. For a New Liberty, Macmillan, New York;

Rothbard, Murray N. 1998 [1982]. The Ethics of Liberty, New York: New York University Press.

Best regards,



2:59 am on April 20, 2021

Political Theatre

LRC Blog

LRC Podcasts