We live in a time where there is a tremendous desire to do good, but very little to discipline that instinct and to maximise its positive impact on society. The challenge embraced by the Marshall Institute is to imbue private action for the public good with the science to maximise its impact.
This includes empirical research into the motivation and behaviour of individuals or organisations whose activities are intended to serve the public benefit or the social good; the assessment of beneficiary needs to improve the process of generating public benefit; and analyses of the ways in which the impact and effectiveness of such activities for the public benefit might be defined, measured, and enhanced. This also includes the theoretical underpinnings for such activities and their relationship to market failure.
The Marshall Institute supports research in the field of private action for public benefit across the LSE research community through a small grants programme. Grants are available for both LSE faculty and LSE PhD students.
Find funding for your research here
Examples of research projects
Altruistic capital - how altruism develops and is shaped by a person's choices and his or her environment.
The hybrid economy - research into the emerging fourth sector.
Negotiating a better future - what beneficiary led research looks like in practice.
Money and the language of God - primary motivations in philanthropy and the pursuit of a more just economic system.
Hiring do-gooders or go-getters - attracting talent to improve public service delivery in Zambia.
Conversations with leading researchers in the field of private action for public benefit
Al Roth on how markets can be used to benefit society
Jean Tirole on what drives people to engage in altruistic behaviour
Luigi Zingales on the role of capitalism in private action for public benefit