Giving Thought

In episode 21, we look at "New Money vs. Old Money", and what the difference between inherited and created wealth means for philanthropy. Topics covered include:   - Attitudes to Wealth: We explore historical and contemporary evidence to see what differences there might be in the attitudes towards wealth of those who have made or inherited money. We look at the crucial distinction between stewardship and ownership, the role of social status, and the recognition of the element of luck and the existence of a social contract.   -Future Money & Precommitment: We look at economic evidence about the power of making pledges or commitments to give at a later date, and how these best work. We highlight practical examples or pledges, such as the Giving Pledge, or the 1-1-1 corporate giving model. We also touch on the curious story of the gambling philanthropist, Baron Hirsch.   -Cryptophilanthropy? We consider whether the money being made by early adopter of cryptocurrencies like Bitcoin could be harnessed for phil