Markets and Morals

A good talk from Chautauqua on the interaction between markets and morals.  Some interesting examples of morally ambiguous markets: countries paying one another to take on refugee acceptance obligations and the outsourcing pregnancy to impoverished surrogate mothers in Gujarat, India.  Sandel argues that in the last few decades we have gone from having a market economy to being a market society.  Markets are now a large portion of our governance, and it’s unclear whether this is really a good thing.