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w7: Case 2 – Markets and morals /2548

>> Download and complete the worksheet.

  • Read the articles below and answer the questions on the worksheet.

Primary Reading

Sandel, M (2012), What isn’t for sale?, The Atlantic, April

Discussion questions

  1. Sandel identifies seven examples of things that can be bought. Pick two and identify the issues and concerns that they might raise.
  2. Sandel identifies five examples of things that can be sold. Pick two and identify the issues and concerns that they might raise.
  3. What does Sandel identify as the negative effects of becoming a market society, as opposed to a market economy?
    Why might merit goods be especially of concern?
  4. Should (can) everything be for sale?
    [ie how might one seek to divide what can (should) be market from non-market transactions?]

Background

Foroohar, R (2019), How big tech is dragging us towards the next financial crash, The Guardian, Nov 8th
[cites Sandel’s ideas and discusses the role of (market) ideology]

Mason, P (2015), The end of capitalism has begun, The Guardian, July 17th

* Sandel, M (2013), Market Reasoning as Moral Reasoning: Why Economists Should Re-engage with Political PhilosophyJournal of Economic Perspectives, v27, n4, Fall, pp121–140

Michael Sandel at TedGlobal 2013 in Edinburgh

Toynbee, P (2014), Nothing will stop David Cameron’s race to the ‘weightless state’, The Guardian, May 20th

Reflective commentary question

To what extent can market exchange alter the character of what’s being bought and sold?