Purpose – At present no satisfactory economic theory of non-profit organizational leadership exists. The purpose of this paper is to develop an economic theory of non-profit leadership and apply this theory to the problem of non-profit failure or “voluntary sector failure.”...

Purpose – At present no satisfactory economic theory of non‐profit organizational leadership exists. The purpose of this paper is to develop an economic theory of non‐profit leadership and apply this theory to the problem of non‐profit failure or “voluntary sector failure.”...