ATS2637 Study Guide - Final Guide: Commodification
1 Aug 2018
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(cid:862)the pro(cid:272)ess of tra(cid:374)sfor(cid:373)i(cid:374)g a good or a(cid:272)tivity i(cid:374)to a (cid:272)o(cid:373)(cid:373)odity availa(cid:271)le o(cid:374) the (cid:373)arket(cid:863) Weak agency: involves lacking information and also limited decision-making with respect to the market. Sandel - what money can"t buy (two objections to markets: the fairness objection: Points to the injustice that can arise when people buy and sell things under conditions of inequality or out of dire economic necessity the choice to sell may not always be truly voluntary. Kidneys - preys upon the poor; the poor can agree to sell but their agreement may not really be voluntary; they might be coerced: certain things should be available to everyone. Babies - prices less affluent parents out of the market; or least desired babies left. Points to the degrading effects of market valuation & exchange on goods and practices: focus on character of the goods certain moral and civic goods are diminished or corrupted if bought & sold, attitudes/norms that may be dissolved.
