Governments should pay a lot for children and let the people who respond reveal which cultural compromises are acceptable, rather than deciding in advance which value to give up.

government What states are for and what they are worse at than markets and networks: legitimacy, moral hazard, and who may be entrusted with power.

demographics Who there will be: birth rates, population decline, and what a shrinking cohort does to everything downstream.

family Children, partners and inheritance: the peak experience, and what to hand on.