What Money Can\'t Buy by Michael Sandel #1 (pg. 3-42) 1. How does Sandel define

Question

What Money Can't Buy by Michael Sandel #1 (pg. 3-42)

1. How does Sandel define the term "market triumphalism"?

2. What does Sandel suggest a viewer of the evening news might understand is the greatest health crisis in the world?

3. What are the two main reasons that Sandel says we should worry about a society where everything is for sale?

4. What did a 2011 survey find about who the American public blamed for the economic problems in the wake of the mortgage meltdown?

5. Why does Sandel conjecture that Americans feel disengaged with politics?

6. Why does an economist look upon lines as a sign of inefficiency?

7. What does Sandel see as one of the unfortunate outcomes of concierge care?

8. What does Sandel say the ethic of "first-come, first-served" is being replaced by?

9. What two arguments does Sandel make for work for favoring markets over lines?

10. What example does Sandel use to illustrate that those who are willing to pay for "Fast Track" services are not always the ones who value the commodity the most?

11. What distinction does Sandel draw between how markets and queues discriminate?

12. Why does Sandel say that line-standing has a corrupting influence on government?

13. What three examples does Sandel use to illustrate that underpricing a commodity may be due to other inherent values within that commodity?

14. What example does Sandel give to illustrate both the values of markets and queues?

15. When has the displacement of queues by markets tended to occur historically?

Explanation / Answer

1) Sandle Defines the "Market triumphalism" as When the market is triumphant through good supply and demand and all the right things happening in the economy at that time .

2) Sandel suggests that the viewer of the evening news might think that the greatest health crisis in the world at the moment is not malaria or river blindness but epidemic of eretile dysfunction.

3)the two main reasons that sandel says we should worry about a society where everything is for sale is that inequality between the rich & poor (those with modest means ) and corruption through putting a price on every good in life .

5) Sandel Said that the americans feel disengaged with politics especially after the mortgage meltdown because it caused people to start protesting the people they belived who were responsible for it which was the politicians of the government

6) Economist looks upon lines as a sign of inefficiency because it ruins the idea of supply and demand, it created an economy where there was no demand if people were just buying their way through lines .

7) All depens shunting every one else onto the crowded rolls of other doctor is the unfortunate outcomes of concierge care.

8) Sandel says that the ethic of " first -come ,first -serve " is being replaced by " You get what you pay for ".

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