Two Modes of Market Envy

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Updated July 13, 2013: on reflection I changed what I originally called “productive” envy to “competitive” envy for Aquinas’s fourth sense.  I think this better captures the interpersonal sense of true envy. At the Acton University a couple of weeks … Read More

Economic Reflections 6: Social Goods and Death Markets

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Charles Taylor, in an essay “Irreducibly Social Goods,” argued for the existence of social goods that cannot be reduced to individual utility or welfare. His argument is that certain goods—e.g., frank and open relationships, self-giving heroism, friendship—cannot exist except in … Read More

Economic Reflections 5: Markets in Public Spaces

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Ch. 5 of Michael Sandel’s What Money Can’t Buy discussed the markets pushed into public spaces. With the increasing social stratification of skyboxes and purchasable privileges in sports arenas, Sandel regrets the loss of a flatter, more egalitarian sense in … Read More

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