What Money Can't Buy
The Moral Limits of Markets
From the critics
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Michael Sandel puts forth the argument that there are many aspects of our lives where the free market does not belong. He argues that "efficient markets" are not virtues in themselves, and that as a society it is imperetive that we question whether are not introducting market values into an activity, a good or an institution will improve it or diminish it. The free-market it not value-neutral, or ethically neutral. We need to recognize that the commercialization of many good things (some examples he gives are sports, universities and schools, medicine, public parks) degrades and corrupts those good things.
It was a relief to have my feelings about commercialization and the virtue of the free market put into words. I felt that Sandel did not dig deeply enough into his thesis, however.
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