Reflection on the visit to the exhibition

Blog Post Two  
Oscar Weng

The visit to the art exhibition for Money Worries today was fascinating. I never imagined that the art and money could be combined in such an organic way. What impressed me the most, however, is the moral limits of money. From the picture depicting a woman with cross hanging on the neck, we can see the dignity that refuses to bow to money. Indeed markets seem to permeate our society to an extent that almost everything could be bought with money. Economists manage to describe even a university as a market. We can also see cases of rich family donating millions of dollars to send their children to elite universities. However, the refusal of transaction in this picture shows us that there are things that could not be valued by money. The seventh law of money stresses the importance of friendship. Once we pay money to get a “friendship”, it loses its original value.
I will take a step further and claim that a market economy is good, but a market society is not. We always have to keep in mind that there are certain morales that should not be corrupted by money. Tocqueville expressed his praise for the new-founded United States, as citizens interact and take social responsibility willingly. He warned, however, as market grows and materialism plays a bigger role, such sense of community and even morality would fade, which is true if we study the behaviors of an increasing number of American citizens.

As Prof. Douthwaite reminded us at the end of the visit, money is just a piece of paper and we assign them different values. “If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” (By Edmund Burke)

Comments

  1. Hi Oscar, thanks for the thoughtful article. Since the formatting is not quite right, I took the liberty of copying and pasting your article below. Very much appreciated your detailed reflections.
    jdv

    The visit to the art exhibition for Money Worries today was fascinating. I never imagined that the art and money could be combined in such an organic way. What impressed me the most, however, is the moral limits of money. From the picture depicting a woman with cross hanging on the neck, we can see the dignity that refuses to bow to money. Indeed markets seem to permeate our society to an extent that almost everything could be bought with money. Economists manage to describe even a university as a market. We can also see cases of rich family donating millions of dollars to send their children to elite universities. However, the refusal of transaction in this picture shows us that there are things that could not be valued by money. The seventh law of money stresses the importance of friendship. Once we pay money to get a “friendship”, it loses its original value.
    I will take a step further and claim that a market economy is good, but a market society is not. We always have to keep in mind that there are certain morales that should not be corrupted by money. Tocqueville expressed his praise for the new-founded United States, as citizens interact and take social responsibility willingly. He warned, however, as market grows and materialism plays a bigger role, such sense of community and even morality would fade, which is true if we study the behaviors of an increasing number of American citizens.

    As Prof. Douthwaite reminded us at the end of the visit, money is just a piece of paper and we assign them different values. “If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” (By Edmund Burke)

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