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.

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Posted by Carlos Alvarenga

Carlos A. Alvarenga is the Executive Director of World 50 Labs and 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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