Books
Review

Dollars and Moral Sense: What Money Can’t Buy

There’s more to life than relationships of economic exchange.

Dollars and Moral Sense: What Money Can't Buy

Dollars and Moral Sense: What Money Can't Buy

As a professor at a Christian university, I wince when I hear students referred to as “customers.” Administrators, policymakers, and, at times, even students themselves resort to seeing the relationship I share with young people as one of economic exchange. In essence, my students (or, more likely, their parents) pay tuition, and I draw a salary. As a result, I am obligated to provide them with specific forms of instruction.

What Money Can't Buy: The Moral Limits of Markets

What Money Can't Buy: The Moral Limits of Markets

256 pages

$29.31

Why should I react so negatively to this way of thinking? Is it merely a matter of professional pride? Or does my uneasiness flow from deep convictions about the relationship I am called to share with my students?

In What Money Can’t Buy: The Moral Limits of Markets (Farrar, Straus and Giroux), Harvard government professor Michael J. Sandel helpfully warns against conceiving human life in purely economic terms. Sandel specializes in accessibly written treatises on weighty matters of morality and ethics, like his most recent best seller, Justice: What’s the Right Thing to Do?, which was based on his popular classroom lecture series. (He also hosts a PBS and BBC series bearing the same name.)

What Money Can’t Buy furthers Sandel’s reputation as a great public intellectual. The book diagnoses the many ways money and economic logic define ever-increasing segments of our lives. Sandel’s point is not that markets are inherently evil. He simply asks “whether market norms will crowd out nonmarket norms, and if so, whether this represents a loss worth caring about.”

As with Justice, What Money Can’t Buy introduces a host of case studies meant to stimulate moral reflection. Sandel’s five chapters explore questions ranging from gift giving, to naming rights, to the inherent value of standing in line. One case study invokes Pope Benedict XVI’s 2008 Yankee Stadium Mass to illuminate moral boundaries to profit-seeking: Free tickets to the Mass were offered through parish churches on a first-come, first-served basis, but scalpers obtained a number of these tickets and began charging as much as $200 apiece. As Sandel concludes, “Turning sacred goods into instruments of profit values them in the wrong way.”

Human beings, of course, have long assigned monetary value to goods that ought to defy such classification. (Consider prostitution—the world’s “oldest profession.”) Sandel argues, however, that American society has witnessed a rapid acceleration in this pattern over the last 30 years. He pins the blame on a political culture that “is mostly vacant, empty of moral and spiritual content.” Lacking the tools of moral discernment to make more profound assessments of value, we allow the almighty dollar to come to our rescue. The appeal of marketplace logic, says Sandel, is that “markets don’t wag fingers. They don’t discriminate between admirable preferences and base ones.”

Theoretically, the forces of supply and demand could determine the price of admission to a papal Mass as fluidly as they determine the price of admission to a Yankees game. But whatever dollar value the market might establish, it cannot help understating the genuine value of sacred fellowship.

Perhaps that’s the problem with identifying my students as consumers: It tempts me to value them not too much, but all too little. They purchase educational services, I deliver them as promised, and we go our separate ways. If, however, my students bear God’s image, then this adds something incalculable to an otherwise contractual arrangement. And as a result, I owe them something long after they pay tuition and I claim my paycheck. You can’t put a price tag on that sort of bond, but as Sandel well realizes, that doesn’t mean it’s cheap.

Todd C. Ream serves on the faculty of the John Wesley Honors College at Indiana Wesleyan University.

Related Elsewhere:

What Money Can’t Buy is available from Barnes & Noble and other retailers.

Previous Christianity Today articles about money and business include:

You Don’t Have to Quit to Find Life-Giving Work | Even if you don’t like your job, you have a calling to serve God and others. (April 2, 2012)

Pastors Double-Dare the IRS | Observers suggest that punishing church endorsements will be unlikely. (December 12, 2011)

Black Friday, Cyber Monday, & the Christian Consumer | What a model for ethical consumption can look like. (November 28, 2011)

Religion and Inequality Go Hand-in-Hand | Why some countries are more religious than others—and why, assumptions to the contrary, the U.S. is not unusually religious. (September 16, 2011)

CT also has more books, film, and music reviews.

Also in this issue

The CT archives are a rich treasure of biblical wisdom and insight from our past. Some things we would say differently today, and some stances we've changed. But overall, we're amazed at how relevant so much of this content is. We trust that you'll find it a helpful resource.

My Top 5 Books On Fatherhood

Getting to the Crux of Calvary

Works and Words: Why You Can't Preach the Gospel with Deeds

From Powerlifter to Powerless

Throwing Christ Over the Cliff

Review

Brave New Web: Navigating the Conflict Between Pluralism and Freedom

Teach Us to Pray: Learning from Prayer Partners in History

News

Quebec: Canada's Prodigal Province

News

Black Church Barrios: African American Churches Adapt to Latino Neighbors

Touched by Jesus: Healing Body and Soul

Miracles in Mozambique: How Mama Heidi Reaches the Abandoned

News

Marketing Martyrs: Does Iranian Pastor's Theology Impact Advocacy on His Behalf?

Helping Urbana Find Its Voice

News

Should Churches Halt Missions Trips to Mexico?

Wilson's Bookmarks

The Choir's Steve Hindalong: Celebrating Sobriety

News

Sensation Before Scholarship: Gospel Fragment Tantalizes Experts

Private Faith and Public Policy: Where Obama and Santorum Agree

Letters to the Editor

Forced Out: Pastors' Fight and Flight

Should We Stop Child Placement Programs if We're Required to Work with Same-Sex Couples?

News

Quotation Marks

Excerpt

Subversive Kingdom

Review

Journeys of Faith

News

Foreign Aid Cut from Religious Charities, Authorities Target Official Churches, Religious Quota Creates Controversy, and More News

Review

Rhetorical Darwinism

Review

How God Became King

News

Migrant Ministries: European Churches Revitalized by Asian Diaspora

News

Passages

News

Go Figure

Review

Mercyland: Hymns for the Rest of Us

Editorial

The ‘Monsters’ Among Us: Child Sex Abusers in Our Midst

Why We Need 'Community'

Q & A: Ross Douthat on Rooting Out Bad Religion

View issue

Our Latest

The Russell Moore Show

Aliens, Demon Possession, and the Afterlife

Russell Moore and Ashley Hales, CT’s editorial director for print, respond to listeners.

The Russell Moore Show

Moore to the Point: The Holly and the Anxiety

How to answer our anxiety this Christmas by letting our hearts get broken.

Being Human

Hosted by God at Christmastime

Steve Cuss considers God’s presence and hospitality in Luke 2.

Christianity Today’s 10 Most Read Asia Stories of 2024

Tightening restrictions on Indian Christians, the testimony of a president’s daughter, and thoughts on when pastors should retire.

News

13 Stories from the Greater Middle East and Africa From 2024

Covering tragedy, controversy, and culinary signs of hope, here is a chronological survey of Christian news from the region.

CT’s Best Ideas of 2024

A selection of 15 of our most intriguing, delightful, and thought-provoking articles on theology, politics, culture, and more.

Big CT Stories of 2024

Ten of our most-read articles this year.

Apple PodcastsDown ArrowDown ArrowDown Arrowarrow_left_altLeft ArrowLeft ArrowRight ArrowRight ArrowRight Arrowarrow_up_altUp ArrowUp ArrowAvailable at Amazoncaret-downCloseCloseEmailEmailExpandExpandExternalExternalFacebookfacebook-squareGiftGiftGooglegoogleGoogle KeephamburgerInstagraminstagram-squareLinkLinklinkedin-squareListenListenListenChristianity TodayCT Creative Studio Logologo_orgMegaphoneMenuMenupausePinterestPlayPlayPocketPodcastRSSRSSSaveSaveSaveSearchSearchsearchSpotifyStitcherTelegramTable of ContentsTable of Contentstwitter-squareWhatsAppXYouTubeYouTube