Michael Sandel: The Moral Limits of Markets

Michael Sandel

This week in economics society, we watched a YouTube video involving Michael Sandel talking about the moral limits of markets.

In this he discusses the problems of the price mechanism when morality is involved using examples such as; theme park queues, queuing for viewing seats to US Congress, the American Civil War (the lottery system of drafting civilians) and Inuit’s selling Walrus hunting rights to game hunters.

 In the video Sandel discusses the many different levels you can object to the problems being discussed both on a philosophical and economical level, and sometimes it can be hard to articulate why we disagree.

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