Markets

Moral Limits of Markets

Michael Sandel’s new book What Money Can’t Buy: The Moral Limits of Markets is a well-timed critique not of capitalist economics, but of the spread of economic thinking well beyond the boundaries of traditional economic issues like trading, inflation, prices, wages, etc. I just started a microeconomics course in preparation for graduate school in the fall and the textbook simply defined economics as “the study of choice.” Sandel’s thesis is relatively simple: “…we drifted from having a market economy to being a market society.