ABSTRACT
Michael Sandel was vexed by the proposed Policy Analysis Market (PAM), which would have allowed people to make bets on things like wars and terrorist attacks. If Michael Sandel is worried that betting on PAM is corrupting, he should similarly be worried about his own character when he manages his retirement stock portfolio. Sandel concludes his criticism of the PAM by saying that if the market really does save lives, people might decide it's worth having, all things considered. He thinks that PAM and other information markets will tend to corrupt people, but says that the benefits might be worth the costs to our character. This chapter presents a research that shows that pricing things sometimes is what causes us to regard those things as priceless, that commodifying things sometimes causes to regard those things as being more than mere commodities.
