Abstract
The purpose of this chapter is to lay out foundation concepts that are critical to our discussion and to the principal-agent paradigm as it applies to the theme: the nonprofit as a social capital asset and an agent of public policy. These concepts include (a) the nonprofit as a social capital asset and an agent of the public; (b) social capital—not a review of the literature on this subject, but precisely how it fits into our paradigm; (c) the substitution of nonprofits for governments as agents of public policy; and (d) the distinction between two types of agency relationships that a nonprofit may have when functioning as an agent of public policy—if it is under contract and if it is not. In the next chapter we see how these concepts fit into an application of the principal-agent paradigm.
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© 2012 Herrington J. Bryce
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Bryce, H.J. (2012). The Nonprofits as Social Assets and Agents of Public Policy. In: Players in the Public Policy Process. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137273925_3
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