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International Review of Economics

, Volume 60, Issue 1, pp 101–106 | Cite as

Michael Sandel: What money can’t buy: the moral limits of markets

FSG, New York, 2012, 27 $
  • Luigino BruniEmail author
Book Review
  • 375 Downloads

This book of the moral philosopher Michael Sandel, is both a continuation and a vulgarization of his 2010 book on Justice, designed to deal with the moral nature of market interactions, an issue very relevant in today’s public debate. That goes far beyond the domain of economics and of any other social science. There is an honourable tradition in moral philosophy that has analysed the nature and the effects of the introduction of the market logic and instruments (money, prices, incentives, credit…) into social areas previously covered by other logics (community, hierarchy, friendships, command, love, reciprocity,…). We can trace this philosophical tradition back at least to Aristotle, who devoted significant parts of his Nicomachean Ethics and Politicsto market exchanges, economy, money, all analysed in relation to civil virtues and the common good. Cicero, Seneca, and most of the Christian Middle Age philosophers (from Duns Scotus to Thomas Aquinas) have continued this moral enquiry...

References

  1. Anderson E (1993) Value in ethics and in economics. Harvard University Press, Cambridge MassGoogle Scholar
  2. Bruni L, Sugden R (2013) Why should the devil have all the best tunes. Virtue-ethics in defence of the market. J Econ Perspect forthcomGoogle Scholar
  3. Dragonetti G (1766) Delle Virtù e dei Premi, NaplesGoogle Scholar
  4. Mill JS (1920) [1848], Principles of political economy, Macmillan, LondonGoogle Scholar
  5. Sandel M (2010) Justice. Penguin Book, New YorkGoogle Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  1. 1.LUMSA UniversityRomeItaly

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