Michael Sandel begins his book, Whar Money Can't Buy, giving the reader insight regarding the financial crisis in 2008. He notes that this was the era of deregulation that began with Ronald Reagan in 1980 when Reagan proclaimed, "the markets, not government, held the key to prosperity and freedom." (Sandel 6). However, Sandel explains in the same paragraph that today, market triumphalism has ended, and that the market, with its greed and irresponsible risk-taking, has created a wide-spread sense that the market has become detached from morals. But Sandel also notes that something more insidious has occurred the expansion of the market is in our everyday lives. Sandel defines two tearms in his book: “having a market economy and being a market economy". This should be part of or incorporated in your essay. Make sure you define these two terms clearly and understand them. What is the difference? Your role as the writer is to look at both sides and research them with examples. In your first paragraph (a summary) you should clearly define Sandel's definition of having a market economy and being a market economy", and then develop your research question or thesis-in other words, what will you explore about this topic. Your thesis should keep in mind the moral or ethical question of the market as well as the utilitarian view of the market today; however, create your own idea or thesis here. Your second paragraph and subsequent paragraphs should all be supported by what you have read or seen as well as have some reference to your first paragraph summary, which is the introduction to your essay. (Be careful here because the focus of your paragraph summary is the connection or jumping off point for your essay. You should support your essay with examples from the book or other readings or videos. Be sure that you show both the positive and negative side of examples, but ultimately, your essay will support your thesis statement. Your conclusion should reinforce your thesis, though not word for word. The conclusion can also have a question in it or leave the reader with anticipation of what might happen next. . You will have a cover page following the essay format I gave you-name, title, date, etc. The essay should be two typed pages. •Use at least 4-5 vocabulary words from either list 1 or 2. Underline at least two noun clauses •The majority or your sentences should be complex and compound, not simple sentences. • Use transitions to connect your ideas. (However, moreover, nevertheless, thus...etc) Use reported speech at least one time or more throughout your essay. Use at least one outside source and be sure to cite it correctly as well as any citations you take from the book. outside sources can be a video, a website from a non-profit or credible newspaper, an article) HOW TO CITE THEM ARE ON R-58 and R-59 of Elements of Success These sources must be in English, not translated. -Your ideas should be supported by the articles and book, NOT merely stating the ideas that you read in the articles or see in a video Due dates: essay worth 100 points Detailed outline-show ideas and support-3/13 First Draft-content organization, language errors-3/20 Final Draft-4/1 Type your drafts in 12 font and double space Approximately 800 words or two-typed pages double spaced. You will be graded on: summary paragraph, thesis, well-developed paragraphs with support, transitions and correct citations. Some suggestions: Is Sandel correct in asserting that there is a difference between having a market economy and being a market economy? Incentives: How does Sandel define incentives and bring morality and immorality into the conversation? How do we as a society judge cconomic moral outcomes? You could take one topic from incentives and research the ethics question verses the-free market utilitarian question for the market. You would need to research how such an incentive evolved, why and how it is used. You could compare and contrast two market-driven incentives-one you feel works and one you feel doesn't work, but again looking at the moral ethics and market issues or values around the incentives Keep in mind if you discuss incentives, show how they are discussed from two different views points from the book. Haring IS being
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