Colin Mayer CBE is an eminent Oxford University professor and fellow of the British Academy – the top club for social scientists. He believes that capitalism is in crisis and has written a book to explain why and what’s to be done.
To be clear, he is not anti-capitalist per se so he won’t get into trouble with the government. But he believes that morality needs to be put at the core of corporations.
Mayer spoke with The Mint about the causes and consequences of this shortfall, and explained that misunderstanding Adam Smith was at the core of the problem.