Economics Dictionary of Arguments

Screenshot Tabelle Begriffe

Author Item Summary Meta data
Mause I 180f
Markets/Sandel: Markets dominate our lives like never before - and in the course of that also our associated values. This is not the result of a conscious decision, but of a long-lasting, hardly noticeable process. No other organisational principle has produced so much prosperity and abundance in the production and distribution of goods. However, this also influences people's values.

Economy/Sandel: Economy has increasingly become a "ruling science". (1)
For example, you can buy a place at a prestigious university, for example, you can negotiate conditions of imprisonment for money payments, or you can have surrogate mothers carry out embryos for money.
SandelVsSubsidiarity: we have ventured too much subsidiarity if the following happens:
1. Markets lead to undesired allocations: E.g. too high prices: e.g. tickets for spiritual events fall into the hands of wealthy non-believers.
2. Markets change the characteristics of goods: e.g. the preferential sale of tickets for the American Congress instead of queuing to buy a ticket.
For example, the quality of blood donations changes because people regularly earn money with it, e.g. people pay their own children to mow the lawn, e.g.academic titles can be acquired by paying money, as can voters' votes.
3. Market transactions can also be bad in themselves when it comes to the exchange of child prostitution services, transplantation organs or human egg cells. See (2).
SandelVsEconomization of areas of life: 1. Market exchange violates fairness, or is associated with coercion.
Market Exchange/Sandel: 2. Market exchange leads to degradation or corruption of the parties. The moral ideal here is the immaterial meaning of goods - their dignity. Market exchange damages, displaces or destroys valuable attitudes, standards or obligations in such cases. The only way to remedy this situation is not to introduce fair negotiating conditions, but to refrain from the market exchange itself.

1. Michael Sandel, Was man für Geld nicht kaufen kann: Die moralischen Grenzen des Marktes. Berlin 2012. S. 12.
2. Timothy Besley, What’s the good of the market? An essay on Michael Sandel’s „What Money Can’t Buy“. Journal of Economic Literature 51, (2), 2013, S.478– 495.

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution.
The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Sand I
Michael Sandel
The Procedural Republic and the Unencumbered Self 1984

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018

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