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 SandelI think very often when we think we are aiming at the best for our children, what we are really doing is trying to position them for competitive success in an intensely driven kind of society. I'm not sure that always leads to the good life or to happiness.
Michael SandelSelf-knowledge is like lost innocence; however unsettling you find it, it can never be 'unthought' or 'unknown'.
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 Sandel