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What money can't buy : the moral limits of markets

by Sandel, Michael J.

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Sandel argues that we have drifted from having a market economy to being a market society and examines one of the biggest ethical questions of our time: What is the proper role of markets in a democratic society, and how can we protect the moral and civic goods that markets do not honor and money ca... Full description


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Table of Contents:
  • Introduction : markets and morals. Market triumphalism ; Everything for sale ; The role of markets ; Our rancorous politics
  • 1. Jumping the queue. Airports, amusement parks, car pool lanes ; Hired line standers ; Ticket scalpers ; Concierge doctors ; Markets versus queues ; Yosemite campsites ; Papal masses ; Springsteen concerts
  • 2. Incentives. Cash for sterilization ; The economic approach to life ; Paying kids for good grades ; Bribes to lose weight ; Selling the right to immigrate ; A market in refugees ; Speeding tickets and subway cheats ; Tradable procreation permits ; Tradable pollution permits ; Carbon offsets ; Paying to kill an endangered rhino ; Ethics and economics
  • 3. How markets crowd out morals. Hired friends ; Bought apologies and wedding toasts ; The case against gifts ; Auctioning college admission ; Coercion and corruption ; Nuclear waste sites ; Donation days and day-care pickups ; Blood for sale ; Economizing love
  • 4. Markets in life and death. Janitors insurance ; Betting on death ; Internet death pools ; Insurance versus gambling ; The terrorism futures market ; The lives of strangers ; Death bonds
  • 5. Naming rights. Autographs for sale ; Corporate-sponsored home runs ; Luxury skyboxes ; Moneyball ; Bathroom advertising ; Ads in books ; Body billboards ; Branding the public square ; Branded lifeguards and nature trails ; Police cars and fire hydrants ; Commercials in the classroom ; Ads in jails ; The skyboxification of everyday life.