Michael J. Mandel’s “What Money Can’t Buy: The Moral Limits of Markets” (http://www.amazon.com/What-Money-Cant-Buy-Markets/dp/0374203032) is a good read. Light on economics, it is really a social essay on America’s transformation from a country “with a market economy” to one that is “a market society.” This may seem like a small distinction to some but Mandel makes a good case that this is a revolutionary change and one that is blurring both the divide between ethics and economics and the limits of what can and cannot be priced and sold in a society.


Posted by Carlos Alvarenga

Carlos A. Alvarenga is an Adjunct Professor in the Logistics, Business and Public Policy Department at the University of Maryland’s Robert E. Smith School of Business.

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