This seminar investigates the market for philanthropy, focusing on its effects on poverty, inequality, and the "warm glow" of giving. It contrasts private charity, driven by voluntary donations and market principles, with public charity, characterized by coercive state-led redistribution. Private charity allows for targeted, efficient resource allocation, fostering innovation and accountability. In contrast, public charity often suffers from bureaucratic inefficiencies and a lack of personal agency. The seminar will demonstrate how private philanthropy offers superior outcomes in addressing social issues, emphasizing its role in creating a more prosperous and equitable society.

Keywords: Private Charity, Public Charity, Distributional consequences, Poverty, Inequality, Warm Glow