Market-Based Man
Meet Charles G. Koch, winner of the 2011 William E. Simon Prize for Philanthropic Leadership.
by James K. Glassman
From Philanthropy magazine, Fall 2011
Our cover story is a profile of Charles G. Koch, winner of the 2011 William E. Simon Prize for Philanthropic Leadership. There is an essential unity to Mr. Koch's life, work, and philanthropy. All three are born of his trademarked business philosophy, Market-Based Management, which harnesses the forces that allow free markets to flourish and applies them to individual groups. Those principles have helped make Koch Industries the second-largest privately held corporation in America—and led to the creation of (among others) the Institute for Humane Studies, the Cato Institute, the Mercatus Center, Youth Entrepreneurs, the Bill of Rights Institute, and the Koch Associate Program. Read James K. Glassman's article on Mr. Koch here.
