Business of Charity
Posted by Jerry on August 14, 2007
Software Nerd has highlighted a story of how an Indian fund manager has decided to get into the business of charity and turn it into a profitable venture.
Fund manager, Monish Prabai, runs a charity for highly intelligent, but poor, kids in India. He pays for coaching for the entrance-exam of the Indian Institute of Technology (IIT).
Read the rest of his article to see how rational and private acts of self-interest can be wholly beneficial to all parties concerned–yes, even to the poor.
[h/t: Gus Van Horn]