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The Economics of Nonprofit Organization: In Search of an Integrative Theory

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  • Vladislav Valentinov

Abstract

The existence of nonprofit firms has been traditionally explained by two types of theories emphasizing the market failures that these firms address and the individual motivations to found these firms. To date, these theorizing strands have been mainly disconnected from each other. To fill this gap, this paper develops an integrative theoretical understanding of nonprofit organization by demonstrating the way market failures addressed by nonprofit firms are interrelated with the motivations of nonprofit entrepreneurs. Building on the arguments of Thorstein Veblen and the theory of the division of labor, it is argued that nonprofit organization embodies partial collective self-sufficiency necessitated by the limitations of the ability of market exchange to satisfy human needs.

Suggested Citation

  • Vladislav Valentinov, 2008. "The Economics of Nonprofit Organization: In Search of an Integrative Theory," Journal of Economic Issues, Taylor & Francis Journals, vol. 42(3), pages 745-761, September.
    • Handle: RePEc:mes:jeciss:v:42:y:2008:i:3:p:745-761
    DOI: 10.1080/00213624.2008.11507177
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    Citations

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    Cited by:

    1. Paulo Mourão & Cristiana Enes, 2017. "Costs and Economies of Scale at Not-for-Profit Organizations: The Case of the Santa Casa da Misericórdia de Barcelos Between 2002 and 2013," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(2), pages 821-840, June.
    2. Christina M. Pollard & Sue Booth & Jonathan Louth & Catherine Mackenzie & Ian Goodwin‐Smith, 2020. "“I'd be sleeping in the park, I reckon”: Lived Experience of Using Financial Counselling Services in South Australia," Economic Papers, The Economic Society of Australia, vol. 39(4), pages 353-366, December.
    3. Valentinov, Vladislav & Vaceková, Gabriela, 2015. "Sustainability of Rural Nonprofit Organizations: Czech Republic and Beyond," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 7(8), pages 9890-9906.
    4. Valentinov, Vladislav, 2009. "Third sector organizations in rural development: a transaction cost perspective," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 18(1), pages 3-15.
    5. Virginia Navajas-Romero & Lorena Caridad y López del Río & Nuria Ceular-Villamandos, 2020. "Analysis of Wellbeing in Nongovernmental Organizations’ Workplace in a Developed Area Context," IJERPH, MDPI, vol. 17(16), pages 1-21, August.
    6. Jindřich Špička & Markéta Arltová & Petr Boukal, 2019. "Selected Socioeconomic Determinants of the Size of the Nonprofit Sector Serving Households in the OECD Countries," Prague Economic Papers, Prague University of Economics and Business, vol. 2019(3), pages 276-295.
    7. Reza Zanjirani Farahani & Nasrin Asgari & Luk N. Van Wassenhove, 2022. "Fast Fashion, Charities, and the Circular Economy: Challenges for Operations Management," Production and Operations Management, Production and Operations Management Society, vol. 31(3), pages 1089-1114, March.
    8. Sebastian Ion Ceptureanu & Eduard Gabriel Ceptureanu, 2019. "Community-Based Healthcare Programs Sustainability Impact on the Sustainability of Host Organizations: A Structural Equation Modeling Analysis," IJERPH, MDPI, vol. 16(20), pages 1-18, October.
    9. repec:prg:jnlpep:v:preprint:id:671:p:1-20 is not listed on IDEAS
    10. Valentinov, Vladislav, 2010. "The institutionalist legacy of the Gemeinwirtschaftslehre," ZögU - Zeitschrift für öffentliche und gemeinwirtschaftliche Unternehmen, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 33(1), pages 44-53.
    11. Francesco Chirico & R. Duane Ireland & David G. Sirmon, 2011. "Franchising and the Family Firm: Creating Unique Sources of Advantage through “Familiness†," Entrepreneurship Theory and Practice, , vol. 35(3), pages 483-501, May.
    12. Vladislav Valentinov & Gabriela Vaceková, 2015. "Sustainability of Rural Nonprofit Organizations: Czech Republic and Beyond," Sustainability, MDPI, vol. 7(8), pages 1-17, July.
    13. Weerawardena, Jay & McDonald, Robert E. & Mort, Gillian Sullivan, 2010. "Sustainability of nonprofit organizations: An empirical investigation," Journal of World Business, Elsevier, vol. 45(4), pages 346-356, October.
    14. Franck Bailly & Karine Chapelle, 2013. "The Training of Jobseekers by Non-profit Organizations: An Analysis Based on Data from the Upper Normandy Region of France," Metroeconomica, Wiley Blackwell, vol. 64(4), pages 645-682, November.
    15. Hazem S Kassem & Salim Bagadeem & Bader Alhafi Alotaibi & Mohammed Aljuaid, 2021. "Are partnerships in nonprofit organizations being governed for sustainability? A partnering life cycle assessment," PLOS ONE, Public Library of Science, vol. 16(3), pages 1-25, March.

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