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Why Some Things Should Not Be for Sale: The Moral Limits of Markets (Oxford Political Philosophy) Hardcover – June 10, 2010


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Product Details

  • Series: Oxford Political Philosophy
  • Hardcover: 264 pages
  • Publisher: Oxford University Press (June 10, 2010)
  • Language: English
  • ISBN-10: 0195311590
  • ISBN-13: 978-0195311594
  • Product Dimensions: 9.4 x 6.4 x 0.9 inches
  • Shipping Weight: 12.8 ounces (View shipping rates and policies)
  • Average Customer Review: 3.8 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Best Sellers Rank: #897,041 in Books (See Top 100 in Books)

Editorial Reviews

From Publishers Weekly

A rigorous and pertinent inquiry into the relationship between morality and markets and the need for regulation of specific commodity markets. Moving deftly between the registers of the economist and the philosopher, Satz, professor of ethics at Stanford University (and coeditor of Toward a Humanist Justice), argues that faith in the intrinsic fairness and self-regulatory abilities of an unfettered free market is misguided, especially when markets are permitted to dictate the sale of, say, vital organs or the dumping of toxic wastes. Offering surprising readings of such classic economists as Adam Smith, the author distinguishes between effective, efficient markets and "noxious markets" in need of strict regulation to avoid commercial infringements on equality and citizenship. With whole chapters devoted to such specific case studies as child labor and prostitution, Satz admirably attempts to enrich dry analyses with live issues. Despite a reliance on notions like morality and citizenship that are perhaps question-begging in themselves, the author makes a persuasive case for the claim that markets cannot be detached from the social world of which they are part and upon which they impact in myriad ways.
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Review

[This book] is a profound gathering of reflections, carefully structured, and a clear contribution to the debate on commercialization in healthcare. Paul Schotsmans, Ethical Perspectives important and illuminating Russell Keat, Economics and Philosophy

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Most Helpful Customer Reviews

10 of 11 people found the following review helpful By Massimo Pigliucci on August 5, 2011
Format: Kindle Edition Verified Purchase
The idea that not everything should be for sale, or that markets are not a panacea for all human problems, should be commonsense. And yet, it is far too easy in contemporary discourse to find people that argue for the rule and efficiency of markets everywhere, apparently without pausing to consider what it is that markets do and how. That's where Satz's book excels. The author begins the book with an enlightening discussion of what markets do (and don't do), which provides the necessary bases for the second part, on the history of economics (many people will be surprised to read some of the things "invisible hand" theorist Adam Smith actually wrote), the scope and place of markets in egalitarian political theory, as well as the notion of "noxious" markets. The last part of the book explores in depth several examples of noxious markets, including markets in women's' reproductive labor, sexual labor, slavery, and human organs. I actually agree only in part with the author's take on what limits the scope of markets: Satz criticizes any notion of limits imposed by concepts related to the intrinsic value of certain human attributes, seeking instead of casting the discussion in terms of highly unequal power relations between sellers and buyers in noxious markets. I think both perspectives make sense and can be operationalized. Nevertheless, no sensible person can read Satz and still maintain simplistic ideas about the efficiency and sacredness of unregulated markets. Then again, there are plenty of non sensible persons out there.
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18 of 25 people found the following review helpful By Mr P on October 19, 2010
Format: Hardcover Verified Purchase
As someone who is broadly sympathetic to Satz's critiques of unlimited markets, I was excited to hear what this fairly well-known philosopher had to say. Unfortunately, I was majorly disappointed with the book.

The dust jacket claims it will "engage not only philosophers but also political scientists, economists, legal scholars, and public policy experts." As a philosophy graduate student, I rarely found the book engaging. The ideal theory she does is VERY underdeveloped. She claims to have four parameters to judge whether a market is noxious, but in the end, her main concern is usually whether some market undermines the equality of citizens. That's fine, but why spend a whole chapter talking about these four parameters? Her chapter on the history of economics is rather head-scratching, and is constantly cherry-picking quotes from authors who, were they alive, certainly wouldn't support her argument.

The second half of the book examines various controversial markets (child labor, prostitution, contract pregnancy, etc). There are some stronger parts in this half, but overall, it still left me dissatisfied. Her "policy prescriptions" for the markets basically amount to "don't ban it, but regulate it to make sure that no one involved is forced into it or is unable to get out of it." We get such uncontroversial statements as "child labor that is abusive to children threatens the core of their lives and should not be tolerated." Who would argue with that? Statements like this are especially surprising when you notice how short the chapters are.

Satz's overall project is an interesting one, but her execution of it in this book is quite poor.
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1 of 1 people found the following review helpful By Matt Mitterko on March 22, 2011
Format: Hardcover
Debra Satz's new book focuses on the limits of the market from two perspectives that could be broken up in contemporary philosophical parlance as ideal and non-ideal. The first half of the book outlines the ideal conditions for a market: what a market is, how the concept of a market has been redefined over 300+ years of economic thought, how philosophers have attempted to constrain markets, and how markets fail. The second half focuses on how, in light of Satz's ideal theory, the market should be restricted when faced with specific nonideal cases: women's reproductive and sexual labor, child labor, voluntary slavery, and the sale of human organs. I should state that, while I have one quibble with the ideal theory presented, I find much to agree with and the analysis Satz provides throughout the book is very compelling.

Each half of the book is strong on its own. The second chapter on the development of the concept of the market as a heterogeneous collection of institutions based on varying needs, rather than a uniform homogenous set of integrated markets, makes clear the value in viewing some markets as substantively different than others. Satz argues that key insights were lost when economists from the 19th century onward replaced the notion of markets as a system of relationships between classes, to be used for the end of producing a good society. Markets are linchpins to improving the lot of citizens via a change in social arrangements, rather than by simply maximizing consumer preferences. In addition, Satz establishes a framework to determine whether a market fails to preserve social equality in Chapter 4, as demonstrated by one of four conditions: weak agency, vulnerability, and extreme harms to an individual or society.
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Format: Kindle Edition Verified Purchase
Satz writes this academic piece with directness and clarity, making it accessible to general readers. A useful--and unexpected--perspective on a topic we usually don't encounter head-on.
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