SMG SM 131 Lecture Notes - Lecture 1: Starbucks, Chief Operating Officer, Airbnb

• School: Boston University
• Department: School of Management
• Course: SMG SM 131
• Professor: Phyllis Mc Ginnis

Document Summary

Discussion questions for michael sandel podcast: according to sandel, what is the difference between a market economy and a market society, a market economy is a tool for organizing product activity and market society is a way of life where everything is out for sale, what is the problem, according to sandel, of a market society, market society sells everything to highest bidder which fosters inequality and corruption, what is the result of having a market where there really shouldn"t be one, the more money can buy, the more it hurts to be of modest means. Should citizens access to health care depend on their ability to pay: what social problem is government trying to address i, we have discussed, and it is discussed in your chapter, that markets are a moral: the only priority for market transactions is self interest these transactions set the price of goods and nothing else.