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Money Can’t Buy You Happiness But It Can Buy You Coffee Which Is Kind Of The Same Thing. As Waldron pointed out, the book is loaded with examples in which money and markets have been introduced (or intrude) into parts of life that might better be kept free of them. This is one case where perhaps the appeal to fairness is more compelling than the appeal to corruption. A final chapter addresses naming rights: sports stadiums, schools, police cars, and many more. The Roman historian Suetonius reports that when Vespasian’s son Titus complained about the disgusting nature of the tax, his father held up a gold coin and asked, whether he felt offended by smell. The phrase Pecunia non olet is still used today to say that the value of money is not tainted by its origins. My never-finished post was inspired in part* by a NYT article on the transformation of MIT’s campus by top architects.

You must have your favorite example of a building you wish had its traditional name, or at least some name that wasn’t changing every few years as companies go out of business, are sold, or fail to keep their end of a naming deal.
In closing, Sandel returns to sports stadiums, which have not only commercial names attached, but also skyboxes and frightful ticket prices.
Democracy does not require perfect equality, but it does require that citizens share in a common life.
And so, in the end, the question of markets is really a question about how we want to live together.
Whether you agree or not, you will find it a worthwhile exercise to work through Sandel’s examples. A particular case to which Sandel returns from time to time is a daycare in Israel that decided to fine parents who were late to pick up their children. Rather, he describes the monetization of a traditionally non-economic behavior, discusses what may feel wrong about it, and often analyzes it in the twin contexts of fairness and corruption.

We learn in the Acknowledgments that Sandel has himself tested them in joint classes with economists who argue the other side. This objection views a college education as a source of opportunity and access, and worries that giving an edge to children of the wealthy perpetuates social and economic inequality. In the early 1970s, when I was a student, I would buy Celtics tickets just before game time at Boston’s North Station.

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29.07.2013 admin

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