Public and Non-Profit Finance




School: Yale University
Lecture Title: Public and Non-Profit Finance
Lecture Summary:
As an introduction to public and nonprofit finance, Professor Shiller reflects on the remarkable financial structures that we have in support of public causes, making possible the achievement of higher goals that transcend individual satisfaction of needs. He gives examples of nonprofits, illustrating how that financial form can support a moral mission and social purpose.

There is however sometimes a fine line between for-profit and public enterprises, because similar companies can be either for-profit or non-profit and because governments regulate and collect corporate profits taxes on for profit-organizations, implicitly creating a public purpose for them. Subsequently, he covers state and local finance, outlining the difference between operating budgets and capital budgets as well as the tax-exemption of municipal bonds.

During the last part of the lecture, he provides an overview of historic improvement in governmental social insurance that ranges from progressive taxes to public services and to old age, survivors, and disability insurance. All of these advances in public and nonprofit finance have taken place in step with other advances in human society, notably advances in information technology.

Your Feedback Welcomed:
If you found this lecture useful please make sure to click the heart button to the left of the video player, comment, share with your social media venues, or ALL of the above!

3 thoughts on “Public and Non-Profit Finance”
Ashlyn Gomez

January 29, 2016

I always wondered what makes a company be listed as a nonprofit organization. This lecture was enlightening for me.


March 8, 2016

This is a great video! Thanks for all the info. I am looking into setting up a non profit organization.


March 9, 2016

This is interesting stuff here. Now I get why certain business’ are nonprofit.


Your email address will not be published.