What Money Can't Buy: The Moral Limits of Markets

Michael J. Sandel

Most of our political debates today are conducted in these terms - between those who favor unfettered markets and those who maintain that market choices are free only when they're made on a leveled playing field, only when the basic terms of social cooperation are fair. But neither of these positions helps us explain what's troubling about a world in which market thinking and market relationships invade every human activity. To describe what's disquieting about this condition we need the moral vocabulary of corruption and degradation, and to speak of corruption and degradation is to appeal, implicitly at least, to conceptions of the good life.

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