A market economy is a tool - a valuable and effective tool - for organizing productive activity. A … - Michael Sandel

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Should array indices start at 0 or 1? My compromise of 0. 5 was rejected without, I thought, proper consideration.

Michael Sandel

A market economy is a tool - a valuable and effective tool - for organizing productive activity. A market society is a way of life in which market values seep into every aspect of human endeavour. It's a place where social relations are made over in the image of the market.

Effective, Market, Place, Politics, Tools, Way

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First, individual rights cannot be sacrificed for the sake of the general good, and second, the principles of justice that specify these rights cannot be premised on any particular vision of the good life. What justifies the rights is not that they maximize the general welfare or otherwise promote the good, but rather that they comprise a fair framework within which individuals and groups can choose their own values and ends, consistent with a similar liberty for others.

Good, Good Life, Justice, Rights, Specify

There's no necessary connection between maximizing social utility or economic wealth and creating a flourishing democracy. The first does not guarantee the second. The only way to create a flourishing democracy is to find ways to reason together about the big questions, including hard questions about justice and the common good, to reason together about these questions so that we as citizens can decide how to shape the forces that govern our lives.

Democracy, Govern, Justice, Maximizing, Reason, Together

I think too often in our society parents, who may have good impulses, overreach and try to mold and shape and direct their child.

Children, Mold, Parent, Society, Think, Thinking

Over the past three decades, markets and market thinking have been reaching into spheres of life traditionally governed by non-market norms. As a result, we've drifted from having a market economy to becoming a market society.

Decades, Drifted, Economy, Past, Spheres, Thinking

Markets are useful instruments for organizing productive activity. But unless we want to let the market rewrite the norms that govern social institutions, we need a public debate about the moral limits of markets.

Debate, Let, Limits, Needs, Want