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.

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.

It's true that to speak of an ethic of giftedness, which is very much the ethic that I deploy in raising questions about designer children and genetic engineering - an appreciation of the giftedness of the child or the giftedness of life does have religious resonance, because a great many religious traditions emphasize the sense in which the good things in life are not all our own doing; they are gifts from God.

What I really want for my children is that they be loved and that they be happy and that they lead a good life.

I think too often in our society parents, who may have good impulses, overreach and try to mold and shape and direct their child.

I am trying to get at the moral arguments and the ethical status of various attempts at enhancement, or genetic engineering, or the bid for designer children. But there are implications for society at large.

One can imagine a kind of hormonal arms race or genetic arms race, whether it's to do with height or IQ, conceivably, in the future. So it's limitless, and that's another of the features that sets it apart from medical intervention.