I recently came across the work of Richard Titmuss (1907-1973). He was the father of social policy and was known as the ‘high priest of the welfare state’.
His most famous book was his last one called “The Gift Relationship: From Human Blood to Social Policy”. In it, he studied what was the most effective method for people to give blood – the market (i.e. paying them) or altruism (i.e. goodness of their own heart). Luckily for him, he had both systems in place in the real world with the US using the market and the UK using voluntary donations. Continue reading “What Money Cannot Buy”