Jeremy Waldron argues that Michael Walzer's theory of justice mischaracterizes money's influence on social meanings. Waldron argues that the correct conception of money reveals that Walzer is mistaken in categorizing various social goods primarily in terms of their exchangeability or non‐exchangeability for money. Waldron offers an alternative explanation of why some monetary transactions are wrong. He argues that meanings of goods should be questioned and re‐examined.

Jeremy Waldron argues that Michael Walzer's theory of justice mischaracterizes money's influence on social meanings. Waldron argues that the correct conception of money reveals that Walzer is mistaken in categorizing various social goods primarily in terms of their exchangeability or non‐exchangeability for money. Waldron offers an alternative explanation of why some monetary transactions are wrong. He argues that meanings of goods should be questioned and re‐examined.