Keynote Address by Professor Michael J. SANDEL The Ethics of Market-based Social Impact Work: 'What are the limits of markets to deliver social good?'
What should money buy? Philanthropists and others working to solve social issues focus their efforts on understanding how markets can be used to deliver social impact efficiently. Less attention is given to questioning whether providing social good in a market system – e.g. putting a price on education – degrades or misrepresents the true value of that good. What products/services should not be provided through markets, irrespective of the efficiency savings it might bring? And if prices can’t measure the value of good, is there a moral framework that philanthropists can use to do so?
In this session, Professor Michael J. Sandel will explore the ethics of philanthropy and introduce decision-making systems we can use in our daily lives to shape our behaviour around our moral convictions.