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What did you like most about What Money Can't Buy?
Sandel is an antidote to the often dubious and heartless reasoning of mainstream economics. He uses clear language and examples from popular culture to illustrate his points.
Have you listened to any of Michael J Sandel’s other performances? How does this one compare?
Before buying this book, I had listened to Sandel's series on BBC Radio 4, 'The Public Philosopher', and his Reith Lectures. This book is in much the same vein; if you liked the Radio 4 lectures, I'd recommend this book, and vice versa.
Did you have an emotional reaction to this book? Did it make you laugh or cry?
Although this book discusses developments in our society that are quite depressing, I found it quite uplifting. It is a relief to hear someone who places compassion at the centre of his economic philosophy. Sandel always reminds me that among all the mercenaries of the world, there are a lot of genuinely decent human beings. We're not completely doomed.
Any additional comments?
One small thing: At about 3hrs 50mins, Sandel refers to a speech by 'Robertson', as if he has already discussed it. I thought I had missed something, but after checking back couldn't find any mention of it. Later in the book, Sandel does indeed discuss Dennis Robertson's speech. I think that sections of the book were moved around at the editing stage, and this non-sequitur was overlooked. If you have bought this book and have noticed this, I found this summary of the speech online:
Robertson (1954) claimed that by promoting policies that rely, whenever possible, on self-interest rather than altruism or moral considerations, the economist saves society from squandering its scarce supply of virtue. “If we economists do [our] business well,” Robertson (p. 154) concluded, “we can, I believe, contribute mightily to the economizing . . . of that scarce resource Love,” the “most precious thing in the world."
4 of 4 people found this review helpful
Would you listen to What Money Can't Buy again? Why?
I've listened to this audio book a couple of times because there are so many ideas contained within it that one listen doesn't do it justice. It was good to listen and read the book at the same time. It's a real consciousness raiser.
2 of 2 people found this review helpful
This is a great book. Sandel gives templates to rebutt or at least cause serious consideration of the claims of Utilitarians who claim we should accept markets as miraculous engines of decision making. He is sharp and entertaining. Well worth the effort. Check out Alisdair McIntyre's virtue ethics work for an intro into these ideas.
I very convincing argument is put forward by Sandel that markets ultimately change the nature of the goods exchanged thereby changing meaning and actually degrading some long held norms like civic virtues. This is of great concern as Sandel maps the increasing pervasiveness of market thinking and market fundamentalism in society. What makes the situation worse is that new market intiaitves are usually debated on the grounds of fairness and whether free choice will really be free. Sandel warns that this is not enough and that we must not shy away from actually assessing the moral worthiness of the new intiaitve and it's only after deliberating over these matters that we can determine whether a market should exist or whether something may be corrupted as a result and therefore left to be regulated by non market norms. As Sandel rightly observes "shrinking from these questions does not leave them undecided. it simply means that markets will decide them for us....The era of market triumphalism has coincided with a time when public discourse has been largely empty or moral and spiritual substance. Our only hope of keeping markets in their place is to deliberate openly and publicly about the meaning of the goods and social practises we prize."