i don't think this is a particularly good form of parenting, and i don't think it's a good form of generational responsibility. When the sole criteria becomes economic growth and the increase of wealth, it seems to me it has to be re connected to the discipline of politics and political philosophy. If an economy is generating titanic forms of an quality, it's likely to have very bad political repercussions. This is understood by aristotle, as understood by machiavelli. And that part of the equation seems to have fallen out, entirely out of economics thinking. I'm a big fan an tyler cowan discusses in his book, average is over.
Political Scientist and author Patrick Deneen of the University of Notre Dame talks about his book Why Liberalism Failed with EconTalk host Russ Roberts. By liberalism, Deneen means the modern enterprise--the push for self-actualization free of the constraints of tradition, family, and religion that typifies modern culture. He argues that both the left and the right have empowered the state and reduced liberty. He argues for a smaller, more local, more artisanal economy and a return to the virtues of self-control and self-mastery.