Wednesday, 02 January 2019 16:22

The Moral Limits of Markets

From paying people to queue for you to selling permits to allow factories to pollute, Michael Sandel (Professor of Philosophy at Harvard University) is uncomfortable with the creeping marketisation of our society. Is attaching a price to something a morally neutral act that might help us to achieve our aims more efficiently or can the act of paying for something devalue and degrade the very thing we hope to obtain? Sandel certainly thinks so.

Published in Blogs
Saturday, 01 December 2018 17:01

The Deadweight Loss of Christmas

Christmas is coming (queue a chorus of voices decrying Christmas displays in shops from August and the commercialisation of the Christmas season). But as you open yet another ill-fitting knitted jumper and garish pair of socks from great aunt Gertrude, have you ever wondered about the “efficiency” of your gifts? Confused? Let me explain.

Published in Economics