Michael Sandel, author of What Money Can't Buy: The Moral Limits of Markets, shares his thoughts about what should and shouldn't be for sale.

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These days, too many things come at a price, argues Michael Sandel, a political philosopher and Harvard professor. Market values have metastasized through our society, he says, distorting debate about issues as complex as health care and immigration and as seemingly simple as the question "What do we value?". In his recent book, What Money Can't Buy: The Moral Limits of Markets, Sandel accuses businesses and the U.S. government of sacrificing values such as justice and respect for human dignity in favor of utility. Leigh Buchanan asked Sandel about when such trade-offs cross the line and what he thinks politicians should be discussing.
What are market values? How are they intruding where they don't belong?
They're a way of valuing goods, based on use. When we're talking about televisions, toasters, and cars, market values are appropriate. But when we're talking about personal relations or family, market values may not be appropriate. For example, even if I wanted more friends, it wouldn't work to try to buy some. The money that would buy the friend dissolves the good that makes friendship valuable. We have drifted from having a market economy to becoming a market society. A market economy is a valuable and effective tool for organizing productive activity. A market society is a place where almost everything is up for sale.
Is there an argument to be made that the ceaseless pressure on companies to innovate propels them into morally questionable areas?
Yes. Advertising is a very good example of this. The intense pressure to capture human attention has pushed it into morally questionable areas. For example, many school districts now are allowing advertising on school buses, in the cafeterias, in classrooms. And the advertising companies promote this to potential clients, saying you can gain access to a captive market of teenagers without the usual distractions. And it's not just schools. The fans that people use in churches have ads on the back. They used to be from funeral homes, but now it's corporations. So the congregation sits fanning itself in one large wave of product placement. Churches, fire trucks, fire hydrants, police cruisers. There's advertising in jail cells. Talk about a captive audience.
The political parties generally frame economic debates around taxes and spending. What should they be talking about?
The values that underlie their views on taxing and spending. Beneath those arguments are questions: What is the relationship between individual rights and the common good? What do we owe one another as citizens? Those are big philosophical issues, and they aren't just abstract ideas for scholars.
What examples would you use to frame such a debate?
Increasingly, we have relied on the market to allocate military service. In Iraq and Afghanistan, there were more paid military contractors on the ground than there were U.S. troops. Yet we never had a public debate about whether we wanted to outsource the war to private companies.
What are the most extreme market solutions you've seen proposed by politicians?
One novel effort to raise funds for local government was put forward by a candidate in Nevada who proposed allowing people to buy permits to speed up to 90 miles an hour. The state highway patrol concluded that it would imperil public safety.
Did that candidate win?
No.









I don't think I knew I wanted to be an entrepreneur, but I did know I always wanted to be an independent creator. From a very young age, I was writing long stories, starting secret societies, and dreaming up imaginary brands. And as a teenager, I hated that I was expected to work menial summer jobs just to "pay my dues." I think the entrepreneurial seed was planted then, when I got good and mad! --Amanda Aitken, The Girl's Guide to Web Design
In elementary school, I was trying to sell not only my own toys but also, for example, my uncle's products to friends and family for a profit. In high school, I worked part-time jobs for 20 hours a week and used the cash to go to music festivals and on backpacking trips abroad. It was a continuous quest for autonomy, which I have now found as an entrepreneur.
In high school, I really wanted a new computer but couldn't afford the ones at Best Buy. So I convinced my cousin to take me to a computer trade show, where I was able to acquire parts from suppliers to build my own for a third of the price. It was a no-brainer then to start doing the same for my friends and their families at a modest profit. It lasted until Dell became mainstream! --W. Michael Hsu, DeepSky
When I was 8, I'd create presentations for my parents on posterboards and an easel (this was pre-PowerPoint), put on a suit, and conduct official meetings, where I would carefully lay out my rationale as to why I should get a pet or get my ears pierced. Once I learned what "sales" were, I realized I may have a proclivity for them! --Darrah Brustein, Finance Whiz Kids | Equitable Payments
As a kid, I knew every hidden spot on the local golf course where a golfer might lose his ball. I'd pick them out of the ponds, find them in the thick rough, and in the woods. The next day, I'd sell them back to them at the clubhouse or through my first online business on eBay. --Matt Wilson, Under30CEO.com
I'm not sure I identified, before starting my company, that I wanted to be an entrepreneur. But I definitely displayed signals of having the core skill set necessary to be successful in entrepreneurship. My favorite example is my quest, as a teenager, to become an actress. I didn't have the look or the talent, but I persisted past a million nos to finally land an agent and two commercials. --Lauren Friese, TalentEgg
I didn't know I was a child entrepreneur until I became an adult entrepreneur and realized that writing my own newsletter at the age of 11 was a little ahead of its time. I was your average teenager who loved playing video games and decided that if I printed and distributed reviews, I could receive free "review copies." And thus I was an editor of a video-game newsletter at 11 years old! --Alex Frias, Track Marketing Group
I used to collect stories from my friends and write my own stories, and then type them up into my own magazine. Then I'd go back to my friends and family and sell them a copy of the magazine. I also had a lending library, where my friends could pay to borrow my books, and I would use the proceeds to buy new books. Cheeky, I know! --Nathalie Lussier, The Website Checkup Tool
When I was young, I set up a lemonade stand right next to my sister's and charged twice her price. I made more money than she did--until people found out it was the same lemonade. I found out you can make a lot of money as an entrepreneur, but that you have to offer the client real, substantial value to sustain it. I was hooked at that point! --Nick Friedman, College Hunks Hauling Junk
Entrepreneurship is for anyone at any age, but certainly for me and most founders I know, signs were there early on that we'd go down an entrepreneurial path. One of my first ventures was in middle school: A co-founder and I offered more stylish Physical Education uniforms for fellow students. But the school was not pleased with students' popular new PE halter tops...so, on to the next venture! --Doreen Bloch, Poshly
Having grown up in an entrepreneurial household, I was told from a young age: "If you ever want to make something of your life, you must be an entrepreneur." At the age of 4, I created and sold artwork to my neighbors, and when I realized I could make money at such a young age, I wanted more of it. I continued to brainstorm and create new opportunities every year since then! --Charles Gaudet, Predictable Profits
I always knew I wanted to be an entrepreneur. My father was a successful entrepreneur, and this encouraged me to follow his lead. I used to sell the toys I got for Christmas when I was done playing with them and trade up to bigger toys I wanted. I was cutting lawns, shoveling driveways, delivering papers, and detailing cars and boats when I was 10. I wanted to make money! --DC Fawcett, Paramount Digital Publishing
I started my first business in middle school, when I was 11 years old, by partnering with an artist friend of mine. He would draw people's names artistically on a sheet of paper, and we'd charge 50 cents for the drawing. He was the "manufacturer," and I was the "salesman." We made enough to pay for our lunches every day--up until the principal shut down our gig! --Chad French, PeerFly
I wasn't constantly selling or inventing as a child, but I had the knack of thinking of a dozen ways to solve a problem or look at a question. Being able to see lots of options, evaluate them, and make a suggestion paved the way to my work as a consultant, where there is not often one "right" answer. Blame it on being raised by an engineer! --Kelly Azevedo, She's Got Systems