Abstract
Richard Titmuss challenged the market-based approach to social problems in the case of blood supply. His criticisms can, however, be answered if a system of strict liability is in place and if commerce works effectively with charitable activity. It is false to draw a dichotomy between markets and narrow self-interest, on the one hand, and mechanisms that make for the well-being of others, on the other.
Original language | English |
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Pages (from-to) | 29-33 |
Number of pages | 5 |
Journal | Economic Affairs |
Volume | 21 |
Issue number | 1 |
DOIs | |
Publication status | Published - 2001 |