Protecting market morals
Title: What Money Can’t Buy: The Moral Limits of Markets Author: Michael J. Sandel Publisher: Farrar, Straus and Giroux Price: $51.75 No. of pages: 256
Sandel has taken up a number of the biggest ethical questions like, ‘ Should we pay children to read books or to get good grades?’ Or, ‘ Should we put a price on human life to decide how much pollution to allow?’ to argue that how can we prevent market values from reaching into spheres of life where they don’t belong? What are the moral limits of markets?
In recent decades, market values have crowded out nonmarket norms in almost every aspect of life — medicine, education, government, law, art, sports, even family life and personal relations. Thus, Sandel has provoked a debate over the proper role of markets in a democratic society, and how can we protect the moral and civic goods that markets do not honour and money cannot buy?