Today if you look at most economic textbooks, economics is not defined by subject matter. It's presented as a science of social choice that applies not only to material goods - not only to flat-screen televisions - but to every decision we make, whether it's to get married, or to stay married, whether to have children and how to educate those children, or how to look after our health.

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 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.

My argument is not that we must never intervene in nature. My argument is that there is a moral difference between intervention for the sake of health, to cure or prevent disease, and intervention for the sake of achieving a competitive edge for our kids in a consumer society.

The way things are does not determine the way they ought to be

Most economics that is taught in college and universities today projects itself as a value-neutral science. This claim has always been open to question, but I think it's especially in doubt today.

Other animals can make sounds, and sounds can indicate pleasure and pain. But language, a distinctly human capacity, isn´t just for registering pleasure and pain. It´s about declaring what is just and what is unjust, and distinguishing right from wrong. We don´t grasp these things silently, and then put words to them; language is the medium through which we discern and deliberate about the good.