Reading Group Guide
Discussion Questions
What Money Can’t Buy: The Moral Limits of Markets
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1. How did you react to the list of startling price tags in the book’s introduction? How has this trend manifested itself in your workplace and your community?
2. Chapter 3, “How Markets Crowd Out Morals,” outlines two general objections --- fairness and corruption --- in the debates about what money should and should not buy. In your opinion, at what point does commercialization start to create inequality? Can the market process itself “taint” certain commodities, such as surrogate motherhood?
3. Sandel traces our culture of commercialization to Reagan-era deregulation, when free markets were touted as the key to prosperity and freedom. As the recent global economic crisis unfolded, did you blame the private sector, the government, or both? How have you been affected by the economic downturn?
4. Sandel describes the concept of jumping the queue for everything from “free” theater performances and papal masses to doctor’s appointments and congressional committee hearings. How is this new revenue stream redefining our concept of “public”? What is the harm if public audiences no longer reflect a broad spectrum of citizens?
5. The distinction between fees and fines raises the dilemma faced by many government agencies that are torn between their need to make up for financial deficits and their role as instillers of responsible behavior. Does Finland’s approach, which ties speeding-ticket fines to income, solve the dilemma?
6. The Advanced Placement financial-incentive program described in chapter 2 was sometimes successful simply because of the way certain students perceived money. In these cases, it didn’t matter if the reward was $500 or $100; it was simply cool to have cash. What can money symbolize, beyond just a means to purchase goods and services?
7. The author says economists have a hard time understanding gift-giving as rational social practice. What does this say about the irrationality of generosity? Is it socially destructive to rely solely on rational thinking?
8. Chapter 3 features a study of Israeli students who went door-to-door soliciting money for worthy causes. The unpaid group, which received a motivational speech beforehand but no commission, raised 55 percent more than those who were offered a 1 percent commission, and they raised 9 percent more than those who were offered a 10 percent commission. What do you make of this? How do you personally define a “rewarding” experience?
9. Chapter 3 includes the premise that altruism is limited and can reach a depletion point. Do you have any evidence of this in your community? Or do you agree with Sandel that altruism is a muscle that grows with exercise and is only diminished by a market-driven economy?
10. Discuss the concept of viaticals and “janitors insurance.” Does consent make any difference in the debate? Should there be limits on which aspects of death (mortuary services, annuity terms and conditions) can be commercialized?
11. Is there anything wrong with using your body as a billboard, as long as it’s your choice to do so? If you’re doing it because you are in deep poverty, does this mean you really didn’t have a choice?
12. For public entities (especially schools and jails), is there a moral difference between raising revenue through bond sales versus advertising sales? Is taxation the noblest way to fund public services?
13. Should there be a different set of standards for naming rights and other forms of advertising in the world of sports? Or should the sports industry have the same status as other private-sector enterprises?
14. The income gap between America’s highest and lowest earners has reached record levels. Does this book describe a trend that will make the gap wider, or will these new revenue streams save the middle class?
15. Where do you draw your own line in response to the question “What can’t money buy?” Among the book’s dozens of examples, from paying drug-addicted women to become sterilized to the practice of “carbon offsets” (paying a price to offset the damage caused by energy consumption), which ones made you uncomfortable? Which ones made you curious about trying to profit from them yourself?
16. How do the concepts in Sandel’s previous book, Justice, apply to the moral dilemmas raised in What Money Can’t Buy?
What Money Can’t Buy: The Moral Limits of Markets
- Publication Date: April 24, 2012
- Genres: Nonfiction
- Hardcover: 256 pages
- Publisher: Farrar, Straus and Giroux
- ISBN-10: 0374203032
- ISBN-13: 9780374203030