Steven Landsberg's "Six Hard Questions" piece is a perfect example of what's happened to our education system over the past couple of decades - we've awarded advanced degrees to thousands of folks who now believe they know something about the human condition and that it's their duty to explain to the rest of us how to interpret events and process information. The trouble is, they know how to "solve" the example problems presented in the textbook, but have no clue how to translate and apply the real points of the exercise to a real-world situation. And, perhaps most dangerously, many of them are now professors themselves.
From the opening proposition that greed is somehow different from weighing our "right" to our current standard of living against that of future generations (re: Gordon Gekko - "Greed is good") to the patent nonsense of proclaiming that when a future worker is earning "a million dollars a day" it somehow won't be in an economy where it also costs $40,000 to buy a loaf of bread and a root canal will be $7,000,000 (did his textbook mention Chile's 84% inflation rate in the 50's, and how it doesn't help to have a wheelbarrow full of money if it's still not enough to buy a pair of shoes?) he uses sophomoric economic analysis and a good vocabulary to deceive readers into thinking he's not a manipulative, shallow thinker who's trying to impress with what should be dismissed as transparent sophistry.
The whole article is a delusion and it's shameful for him to suggest readers should take any part of it seriously as a contribution to what is a necessary and very critical international dialog.