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.

Self-knowledge is like lost innocence; however unsettling you find it, it can never be 'unthought' or 'unknown'.

The most fateful change that unfolded during the past three decades was not an increase in greed. It was the expansion of markets, and of market values, into spheres of life where they don’t belong.

Parenthood is a school for humility. We can't choose the precise traits of our children, and that is morally important. It teaches us what William May, a theologian whom I greatly admire, calls "an openness to the unbidden."

A market economy is a tool - a valuable and effective tool - for organizing productive activity. A market society is a way of life in which market values seep into every aspect of human endeavour. It's a place where social relations are made over in the image of the market.

The 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.

First, individual rights cannot be sacrificed for the sake of the general good, and second, the principles of justice that specify these rights cannot be premised on any particular vision of the good life. What justifies the rights is not that they maximize the general welfare or otherwise promote the good, but rather that they comprise a fair framework within which individuals and groups can choose their own values and ends, consistent with a similar liberty for others.