If you go back to Adam Smith, you find the idea that markets and market forces operate as an invisible hand. This is the traditional laissez-faire market idea. But today, when economics is increasingly defined as the science of incentive, it becomes clear that the use of incentives involves quite active intervention, either by an economist or a policy maker, in using financial inducements to motivate behavior. In fact, so much though that we now almost take for granted that incentives are central to the subject of economics.
Michael SandelThere are really exercises in a kind of consumerist ethic that I think don't have the same moral weight as medicine or health.
Michael SandelAiming at health, restoring health - that is a goal that is both morally important and limited, because it aims at the restoration of normal human functioning, which is an important part of human flourishing.
Michael SandelEconomics has increasingly become the science of human behavior in general, and it's all the more unlikely to think that it can possibly be value-free - and, in fact, it isn't. Economics rests on un-argued assumptions that need to be examined.
Michael SandelThe other effect that I worry about is the effect on the parent, that the moral teaching of humility and of the limits to our control that parenthood teaches- - that that will be lost and that we will begin to think of children more as consumer goods than as gifts that we can't fully control and for which we aren't fully responsible.
Michael SandelI think people who want to use genetic technologies to gain a competitive edge for their children are engaging in a kind of overreaching that could really undermine our appreciation of children as gifts for which we should be grateful and, instead, to view them as products or instruments that are there to be molded and directed.
Michael Sandel