Markets are not morally inert

Is economics an independent science, or a branch of moral and political philosophy as it was for Adam Smith? Here are two intelligent critiques of the idea that markets are morally inert.

We’ve been watching Michael Sandel’s popular Harvard course on Justice in philosophy club. Here is some valuable background. It turns out Michael Sandel studied Aristotle with Charles Taylor at Oxford – the seminal influence for his critique of the marketization of modern society, and the idea that laws exist for the good of society, rather than just individuals.

Cambridge economist Ha-Joon Chang gives a wry and playful critique while talking about his book, 23 Things They Don’t Tell You About Capitalism.

https://www.youtube.com/watch?feature=player_embedded&v=56RndDFRnH4#!

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