New Money vs. Old Money
In episode 21, we look at the difference between inherited and created wealth and what this might mean for philanthropy. Topics covered include: -Attitudes to wealth: Stewardship/ownership, social status, recognition of responsibility. -Future money and precommitment: evidence from economics, The Giving Pledge, The "gambling philanthropist" Baron Hirsch -Cryptophilanthropy: Can new crypto wealth be harnessed for philanthropy? What are the challenges?