Abstract

Although its title promises a discussion of such matters as prostitution, surrogate motherhood, and markets in blood and organs, this book by a professor of law at Stanford University is really a treatise on market rhetoric, not markets. Its target is the intellectual application of the tools of economic analysis to spheres of human life—such as sexual relations, family life, bodily integrity, and political commitment—that are purportedly structured by moral values and ideals rather than cold calculation of advantage. The “Chicago School” of economics, the law-and-economics movement, and public-choice theory are the culprits here. Writers in these intellectual movements, on Radin’s characterization, think of children as commodities with “a price and a demand function”, explain laws against vote-selling as solutions to externality problems, and count rape as “no different from any other preference satisfaction”. They “want to extend the market to everything” as a tool of thought.