In his review of Harvard University philosopher Michael Sandel’s new book, What Money Can’t Buy: the Moral Limits of Markets, Weekly Standard columnist Jonathan Last says we need to accept that economic systems impose moral values:

Proponents of market morality claim that it imposes no belief system, but that’s just a smoke screen. Choosing to place utility maximization at the core of your belief system is no different from choosing any other guiding ideological precept. Every problem has an incentive-based solution; every tension can be resolved by seeking the maximally efficient outcome.

You can read some of my thoughts on this subject here and here.

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