It's possible to make sense of what's morally at stake in an appreciation of the gift of life, or the gift of a child, without necessarily presupposing that there is a giver. What matters is that the gift - in this case, the child - not be wholly our own doing, our own product.

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.

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.

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.

It's possible to make sense of what's morally at stake in an appreciation of the gift of life, or the gift of a child, without necessarily presupposing that there is a giver. What matters is that the gift - in this case, the child - not be wholly our own doing, our own product.

If parents are aiming at choosing children who will be good athletes, or great musicians, or who will get into Ivy League schools, or who will be tall enough to make the basketball team, then there is a danger that the life of the child will bear the burden of that expectation; and the risk of disappointment and the cost of disappointment will be even higher than they are now, and even now they can be considerable.

Markets are useful instruments for organizing productive activity. But unless we want to let the market rewrite the norms that govern social institutions, we need a public debate about the moral limits of markets.