Michael Sandel on the Moral Limits of Markets
It is rare for economists and other champions of the marketplace to step outside of their worldview and see it as an ideological value-system. How refreshing, then, to see the Wall Street Journal run a favorable review of Harvard political philosopher Michael Sandel’s new book, What Money Can’t Buy: The Moral Limit of Markets. The review, by Jonathan V. Last of the conservative Weekly Standard, notes that economistic thinking has exploded over the past generation, superimposing market criteria on countless aspects of personal and social life. 
In 1988, only three stadiums had the names of corporate overlords. Now more than 100 companies have bought “naming rights” to stadiums. I was shocked to learn that “brand extension” has even reached the level of requiring the announcers for the Arizona Diamondbacks to call home runs “Bank One Boomers.” The degradation of a venerated national pastime shows how very deeply the tendrils of market thinking have penetrated.
This is only the beginning. List writes:
"Today you can purchase your way out of waiting in line for rides at many amusement parks. There are express lanes that allow us to buy our way out of traffic. Many schools now 'incentivize' performance, paying students if they read books or do well in school; some schools now sell ads on children's report cards. Cities routinely sell advertising space on public property, ranging from parks and municipal buildings to police cars. In each of these cases, long-held ideas about inherent worth and common ownership have been displaced by the simple morality of the market. There are, Mr. Sandel notes, practical concerns with this shift, affecting matters such as equality: 'The more money can buy, the more affluence (or the lack of it) matters." But the higher concerns are philosophical and spiritual, about how we ought to value what he calls sweetly "the good things in life.'"
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nd be rewarded with about 160,000 edible calories of highly perishable meat. When thinking about an economy based on kudu, several significant things stand out: Kudu are quite difficult to acquire (it takes a village to hunt an animal); difficult to own privately (it’s a wild animal); and wasteful if not immediately shared (there was no refrigeration, and so the kudu would spoil unless shared among many people).
ruled, reversing decades of established law, if a storm washes away the public beach, “the land encumbered by the easement is lost to the public trust, along with the easement attached to that land.” As reported by the 
since my dear friend Jonathan Rowe suddenly passed away, leaving a huge hole in many people’s lives and cutting short Jon’s richly imaginative explorations of the commons. I can’t remember how many times I’ve reached for the phone to call him since last March 20. Jon’s writings were both penetrating and poetic; a conversation with him was an excursion into many seldom-visited emotional and intellectual corners. In these days of degraded political thought, it was so refreshing to encounter a gentle voice who was sophisticated and engaged yet also committed to imagining the practical paths to a better world. 
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