Atkinson, Rob --- "A primer on the neo-classical republic theory of the nonprofit sector (and the other three sectors too)" [2018] ELECD 1342; in Harding, Matthew (ed), "Research Handbook on Not-For-Profit Law" (Edward Elgar Publishing, 2018) 48

Book Title: Research Handbook on Not-For-Profit Law

Editor(s): Harding, Matthew

Publisher: Edward Elgar Publishing

ISBN: 9781785369988

Section: Chapter 2

Section Title: A primer on the neo-classical republic theory of the nonprofit sector (and the other three sectors too)

Author(s): Atkinson, Rob

Number of pages: 34

Abstract/Description:

This chapter argues that we would do well to begin thinking about the not-for-profit sector from a radically different perspective than that which underpins the standard law and economics model of that sector. The chapter finds this perspective in neo-classical republican theory. From a republican point of view, the not-for-profit sector is not the last resort when other sectors fail: it is the source of important insights about all four sectors of the economy and their point and purpose. Moreover, the republican viewpoint notices the ways in which the not-for-profit sector seeks to shape and inform preferences, as opposed to simply satisfying them once formed. Using the example of education as a type of good provided by all four sectors of the mixed economy, and drawing on ancient and modern thought, the chapter argues for a flourishing not-for-profit sector oriented towards a vision of the common good grounded in scholarly reflection on questions of value.