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5min chapter
The Politics of Social Cohesion with Dr. Colin Mayer
Stories of Impact
Is There a Paradigm Between Transactional and Moral Based Value Systems?
I'm wondering whether you could set up a paradigm on the one end, a transactional sense of policy and the other end being a more moral based value system. I mean, could those two be either ends of a paradigm? Absolutely. That is precisely the contrast that one observes. The notion of markets which underpin the way in which, in particular the UK and the US, operate a very transactional in nature. And that was precisely the problem that lay behind what emerged in the financial crisis.
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