Ratings16
Average rating3.6
Should we pay children to read books or to get good grades? Should we allow corporations to pay for the right to pollute the atmosphere? Is it ethical to pay people to test risky new drugs or to donate their organs? What about hiring mercenaries to fight our wars? Auctioning admission to elite universities? Selling citizenship to immigrants willing to pay? In this book the author takes on one of the biggest ethical questions of our time: Is there something wrong with a world in which everything is for sale? If so, 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 including medicine, education, government, law, art, sports, even family life and personal relations. Without quite realizing it, the author argues, we have drifted from having a market economy to being a market society. Is this where we want to be? What is the proper role of markets in a democratic society, and how can we protect the moral and civic goods that markets don't honor and that money can't buy?
Reviews with the most likes.
A surprisingly accessible and engaging read–which is quite a feat when you consider a work combining economics and philosophy. Sandel depicts the problem as more than just commodification that favours the rich. The subtler effect of inserting economic optimization into relationships between people and communities, what Sandel calls corruption, distorts the ability to even frame moral agency. For example, a supply and demand approach of virtue (i.e. don't exhaust your compassion) fundamentally changes the understanding of the good as a practice rather than a resource. The marketizing presupposes the very concept of “ought” to be transactional, thereby paving the way for any one of Sandel's eye-opening case studies from bribing childhood reading to short selling the life spans of strangers.
an urge for markets to traffic in morality.
I thoroughly enjoyed this book. Yet another crisp yet introspective book by Sandel. This book covers various aspects of human life and social order that have suddenly opened up to market places and become a tradeable commodity. It raises several points of morality, political philosophy and ethics through various anecdotes while referring to various peer-reviewed studies to support his thesis. My two major takeaways were;
1. the question of unfairness and coercion - corruption and degradation that commercialization of things like the human body, relationships, death and life causes.
2. It also raises important points of distinction between fees and fines when discussion different methods of incentivization.
While these books covered a bunch of interesting case-studies and anecdotes to provide both sides to the story before him discussion his opinion, the narrative does become a bit repetitive. But Sandel's adept writing style keeps you engaged in this 200-page long book and doesn't make you want to leave midway.
also, a bit random but the copy I issued from the library (by Penguin Books) has fantastic print and paper quality and that just aided the reading experience so much. I genuinely wish more publishers made this a priority.
Overall, if you want to know more about the importance of applied ethics, organisational behaviour, applied psychology, the role of morality in economics and political philosophy - this book is a great pick. It is accessible, well written and thoroughly captivating.
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