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Your textbook argues that markets should be relied on to allocate every thing. According to
Mankiw, who gets the goods when markets allocate them? Be specific. Do you agree with this
argument? What is commodification and how does it figure into the textbook's argument? What
are the potentially harmful consequences of commodification? Explain what Sandel means when
he says that the expansion of markets heightens the sting of inequality. Where should we draw
the line (if any) between things that should and should not be for sale? Explain your position.

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Your textbook argues that markets should be relied on to allocate ev.pdf

  • 1. Your textbook argues that markets should be relied on to allocate every thing. According to Mankiw, who gets the goods when markets allocate them? Be specific. Do you agree with this argument? What is commodification and how does it figure into the textbook's argument? What are the potentially harmful consequences of commodification? Explain what Sandel means when he says that the expansion of markets heightens the sting of inequality. Where should we draw the line (if any) between things that should and should not be for sale? Explain your position.