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Yes, but I will continue to pay my kids for doing math.
Sandel is worried about the lack of moral limits of markets and posits that the time has come to hold a debate, as a society, that would enable us to decide, again as a society, where ‘markets serve the public good and where they don’t belong’. This to address the precipitous decline in moral values and the ensuing corruption when having a market economy morphs into ‘being’ a market economy.Objection. Since when, pray tell, have moral values been determined democratically in any society. What ho...
It is an easy reading book about the continuous progressive encroachment of free market mechanisms of putting a price on everything, into ethical values and into the common patrimony of society. The author is showing by examples how in the last decades in the global capitalist world, little by little, everything has become for buying or sale: surrogate mothers, human organs and blood, politicians, children, the right to pollute, honor, integrity, power and even the manipulation of collective con...
256 pages ? I feel like 500 pages. This book has many many many examples of how Market Thinking creeps into our society. Human always use cost/benefit analysis for all kind of things, but often without comprehension of the big picture and consequences. There are many public goods and human endeavors should not be taken lightly and empathy is something not to be messed with. The often heard mantra “Money cannot solve everything” rings true and clear when the author examines what was and is happen...
I haven't finished this yet, but wanted to make a note before I forget.There was an interesting COVID statistic in Switzerland this week. A survey was conducted to see if people were happy with COVID rules including some sort of COVID passport which were introduced a while ago. The survey results indicated that the Swiss are increasingly approving the methods.'Some protesting against the Covid-19 laws were surprised by the Tamedia survey results. Werner Boxler, the co-president of friends of the...
Should some things not be for sale? asks the author, a distinguished moral philosopher. If you are a person who loves the idea of free markets, you may be inclined to disagree: when someone wants something, and someone else has it, then the best way to sort things out is accept the fact that this establishes a de facto market and wait for that market to reach equilibrium. Attempts to control the process only make things slower and more complicated.But what free market enthusiasts tend to ignore
I praise Michael Sandel for pillorying markets when they traffic in morally objectionable goods and services. But economists have admitted the amorality of markets. Markets do the best job of allocating scarcity but make no claim as to the worthiness of the good or service allocated to begin with. And so, yes, markets need limits, but this does not diminish the appropriateness of using a market based approach for morally neutral or beneficial goods and services. Sandel spends too much of the boo...
Not to brag or anything (or maybe just to brag a little), but I actually knew of Michael Sandel's scholarship way before he wrote Justice, a book I didn't even read, but which achieved international acclaim and thus gave Sandel that coveted status of Superstar Public Intellectual. My introduction to Sandel's work was Democracy's Discontent. I did read the excerpt of What Money Can't Buy in the The Atlantic and enjoyed it. But I don't know that Dr. Sandel needed an entire book to make his argumen...
The problem with this book is, when you put it down, you walk around looking at the world saying, "Why the hell is THAT considered a marketable part of life?!" "And THAT! What the heck is going on here? It all just snuck up on us... and we lost." Seriously, this is a very interesting read that is a real eye-opener. The skyboxification of America, separating EVERYTHING via the lens of "what would somebody pay for THIS," and what can money NOT buy -- rather, SHOULD not be able to buy -- are substa...
This is one of the most important books that has come out in the last few years. It is about how the norms that accompany a free market approach are inappropriate to many spheres of life, such as public service, access to government officials, and the distribution of government resources. I focus on government, because I write about government ethics. But Sandel looks at other spheres of life, as well.The ideas Sandel expresses here are anathema to libertarians, who consistently apply a free mar...
Five stars for the topic and bringing it to the attention of the public. The topic of how far reaching we as a society want markets to be is a highly important one and it is had much too little, actually not at all I would say. Markets have become the myths of our time, they never fail and are always right and because of that they should have a broader reach. That is the typical argument but is that really the case? Do we want as a society be fully market driven? Where the book could have been
As an economist I didn’t find too much that was new to me in this 2012 book, but the chapter on How Markets Crowd Out Morals is good. If you are not used to thinking analytically about how markets have invaded arenas that should retain moral values, this is an easy introduction with lots of examples.
What a beautiful little book. As a child I used to wonder why does only life insurance companies used to have agents specifically, and why there was always a hint of distance and discomfort from those people.Although the book is US specific in certain topics, it remains fluid to read, covering a broad range of topics and poses interesting question on our notion of what we think is sacrosanct in life.The chapter on gifts is quite relieving - I always found giving cash very distasteful - it's good...
