What Money Can't Buy by Michael Sandel #3 (pg. 93-162)

1. What distinction does Sandel draw between Most Valuable Player Awards and kidneys?



2. Why is it hard for economists to rationalize gift giving?



3. Why does Sandel say that friendship is corrupted by utilitarian norms?



4. What are Sandel's two main objections to selling off admission to elite universities?



5. What two conditions does Sandel say make market choices not free choices?



6. What reason does Sandel offer for why the group of students asking for donations were not given a high commission outperformed those who were?



7. Why does Sandel's analyis lead him to question the fundamental economic law that raising monetary incentives increases supply?



8. What are the two tenets of market faith that Kenneth Arrow asserted?



9. How does Sandel respond to Lawrence summers's assertion that altruism is a valuable and rare good that needs conserving?



10. What is a COLI policy and what are the two objections Sandel raises towards them?



11. What are two of Sandel's objections to death pools?



12. From what practice in England did life insurance grow out of?



13. What is one advantage of futures markets over traditional intelligence gathering?



14. What are spin-life policies and what was Larry King's objection to his?



15. What id dWall Street due to the life settlement industry?