Journal of Business Ethics 171 (1):33-49 (2021)

A salient if under researched feature of the new age of global inequalities is the rise to prominence of entrepreneurial philanthropy, the pursuit of transformational social goals through philanthropic investment in projects animated by entrepreneurial principles. Super-wealthy entrepreneurs in this way extend their suzerainty from the domain of the economic to the domains of the social and political. We explore the ethics and ethical implications of entrepreneurial philanthropy through systematic comparison with what we call customary philanthropy, which preferences support for established institutions and social practices. We analyse the ethical statements made at interview by 24 elite UK philanthropists, 12 customary and 12 entrepreneurial, to reveal the co-existence of two ethically charged narratives of elite philanthropic motivations, each instrumental in maintaining the established socio-economic order. We conclude that entrepreneurial philanthropy, as an ostensibly efficacious instrument of social justice, is ethically flawed by its unremitting impulse toward ideological purity.
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DOI 10.1007/s10551-020-04468-7
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References found in this work BETA

The Idea of Justice.Amartya Kumar Sen - 2009 - Belknap Press of Harvard University Press.
Justice as Fairness: A Restatement.John Rawls (ed.) - 2001 - Harvard University Press.
Practical Ethics.Peter Singer - 1979 - Cambridge University Press.
The Possibility of Altruism.Thomas Nagel - 1970 - Oxford Clarendon Press.

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