Tuesday, 14 May 2013, 1:00PM
Museum of London

Trust in Markets?

Professor the Lord Plant of Highfield

In this lecture we shall concentrate on the issue of the extent to which markets at least implicitly depend on collective values such as trust and civic virtue. Such values are very difficult to analyse and justify in terms of purely rational economic man (sic) models of human motivation and ideas about values being wholly subjective.  Are there ways in which features such as trust can be understood in ways which are wholly compatible with markets?   So for example, can brands and brand franchises be seen as ways of creating trust in a way wholly compatible with markets?  Equally can game theory provide a plausible way of modelling collective agreements as a basis for something like civic virtue in a way that is wholly compatible with market individualism?

This is a part of the lecture series, Religion and Values in a Liberal State.
The other lectures in this series include the following:
   Markets in their Place: Moral Values and the Limits of Markets
   Markets, Freedom and Choice
   Just Markets
   Selling Yourself Short: The Body, Property and Markets
   What's it Worth? Values, Choice and Commodification

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Lord Plant has been Professor of Jurisprudence and Political Philosophy at King’s College London since 2002 and he has been a Member of the House of Lords since 1992.

Prior to his position at the Dickson Poon School of Law at King’s College London, Lord Plant was Master of St. Catherine’s College Oxford from 1994 to 2000, and Professor of European Political Thought at the University of Southampton prior to that.

His academic interests focus on political, social and legal philosophy. He is probably best known for his work on conceptual issues to do with welfare, particularly ideas such as needs, rights, obligations and community, as well as his work on Hegel as a political, social and legal philosopher. He has published and lectured widely on the role of religion in the context of a modern state, society and economy. Recent positions and lectures delivered in this area include: Stanton Lecturer in the Philosophy of Religion at the University of Cambridge, the Sarum Lectures and the Bampton Lectures in Theology at the University of Oxford, the Fergusson Lectures in Theology at the University of Manchester and the Scott Holland Lectures at Manchester Cathedral. He recently gave three lectures on theology and the public sphere at Westminster Abbey. He is an Honorary Professor in Religious Studies at the University of Winchester and Visiting Professor of Legal Philosophy in the Law School at Tallinn in Estonia.

At the House of Lords he was a member of the Joint Committee on Human Rights and has been a member of the Law and Institutions Committee of the Committee on the European Communities. He is currently on the Delegated Legislation Scrutiny Committee. He has held the positions of Opposition Spokesperson for Home Affairs (between 1992 and 1996) and the Chair of the Labour Party Commission on Electoral Systems (between 1991 and 1993). He has been President for five years of the National Council of Voluntary Organisations (NCVO) and for a period was Chair of Centrepoint the London charity for homeless young people.  He wrote a fortnightly column for The Times from 1988 and has written regularly for the Diario Economica in Lisbon.

As Gresham Professor of Divinity, Lord Plant will speak about Religion and Values in a Liberal State. His first year of lectures will focus on some of the central ideas and principles that make up a liberal democratic society and its associated market economy, looking in detail at what a theological understanding can bring to these ideas and principles. Freedom, justice, rights, community, civic virtue, property and charity – all of these are vitally important ideas and values in understanding modern society and there is a rich tradition of thought, including theological thought, about what they mean and how these meanings should be reflected in institutions. Thinking further on these values will lead to a better understanding of how we are to understand claims about social justice and injustice, poverty and freedom, community and individuality, and rights and obligations in the context of a liberal capitalist society.

In the second year of lectures, Lord Plant will offer a defence of the role of religious voices and claims in the public realm. In the third year of lectures he will investigate the set of issues to do with reason, truth and knowledge in religion and science, in the hope of answering the allegation that religious beliefs fail to meet the standards of secular reason required for the allegedly neutral public realm.

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14 May 2013

Trust in Markets?
Professor the Lord Plant of Highfield

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