What are the major disadvantages of a free-market economy? In what way is the price system unjust? In his book What Money Can’t Buy, philosopher Michael J. Sandel argues that market values have become society’s dominant moral framework, the lens through which we determine what is important or unimportant as well as right and wrong. He argues that the free market is unjust and restrictive because they create injustices and eliminate choice. Keep reading to learn about the disadvantages of the free-market economy, according to Sandel.
The Disadvantages of a Free-Market Economy
