• Posts
  • RSS
  • ◂◂RSS
  • Contact

  • Donate Money, Not Time or Stuff

    March 11th, 2011
    ea
    If you care about doing as much good as possible with your efforts, you should give money, not time or stuff. When you spend time volunteering for a charity you're almost always doing something at which you are not especially good at [1] instead of something you're better at and more experienced with:

    There is this very, very old puzzle/observation in economics about the lawyer who spends an hour volunteering at the soup kitchen, instead of working an extra hour and donating the money to hire someone to work for five hours at the soup kitchen.

    There's this thing called "Ricardo's Law of Comparative Advantage". There's this idea called "professional specialization". There's this notion of "economies of scale". There's this concept of "gains from trade". The whole reason why we have money is to realize the tremendous gains possible from each of us doing what we do best.

    This is what grownups do. This is what you do when you want something to actually get done. You use money to employ full-time specialists. -- Eliezer Yudkowsky

    Similarly, when you give stuff, it's probably not the right stuff or in the right place. There are lots of problems with trying to use donated stuff for aid work, including limited transportation, dumping, storage space, and inconsistency. Claire Durham of the Red Cross describes the problems very well.

    To maximize the good you do (as opposed to getting personal fulfillment through volunteering or getting rid of unwanted stuff), give whatever charity organization you're working with what they can do the most good with: money.

    [1] This is mostly if you're serving soup or helping build houses. If you're providing professional services that the charity would otherwise have to purchase (a lawyer volunteering to do legal work) then you're cutting out some of the overhead of hiring people.

    Comment via: facebook

    Recent posts on blogs I like:

    Moral aesthetics

    “Doing good” differs by subculture The post Moral aesthetics appeared first on Otherwise.

    via Otherwise September 29, 2022

    Futurist prediction methods and accuracy

    I've been reading a lot of predictions from people who are looking to understand what problems humanity will face 10-50 years out (and sometimes longer) in order to work in areas that will be instrumental for the future and wondering how accurate thes…

    via Posts on September 12, 2022

    On the Beach

    I really like going in the water and this beach is a great place for building sand castles and boogie boarding. I also like trying to float on top of big waves. I'm not very good at it. I only float on the flat waves.

    via Anna Wise's Blog Posts July 12, 2022

    more     (via openring)


  • Posts
  • RSS
  • ◂◂RSS
  • Contact