For many, markets are the most efficient way in general to organize
production and distribution in a complex economy. But what about
those markets we might label noxious-markets in addictive drugs,
say, or in sex? In Why Some Things Should Not Be for Sale,
philosopher Debra Satz takes a penetrating look at those commodity
exchanges that strike most of us as problematic. What
considerations, she asks, ought to guide the debates about such
markets? Satz contends that categories previously used by
philosophers and economists are of limited use in addressing such
markets because they are assumed to be homogenous. Accordingly, she
offers a broader and more nuanced view of markets-one that goes
beyond the usual discussions of efficiency and distributional
equality-to show how markets shape our culture, foster or thwart
human development, and create and support structures of power.
Nobel Laureate Kenneth J. Arrow calls this book "a work that will
have to be studied and taken account of by all those concerned by
the role of the market as compared with other social mechanisms."
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