Home
/
RELIGION & LIBERTY ONLINE
/
Finding our economic voice: How markets are like language
Finding our economic voice: How markets are like language
Dec 21, 2025 9:59 AM

“In the field of social phenomena, only economics and linguistics seem to have succeeded in building up a coherent body of theory.” –Friedrich Hayek

In 1887, L. L. Zamenhof proposed a universal language as a means for ushering in a new era of international peace and prosperity. The language, now known as Esperanto, was carefully constructed to be easily absorbed and understood across cultures and countries, but it failed to take hold.

Zamenhof was focused on solving a knowledge problem in linguistics—struggling to improve the ways people relate and share information with each other. Yet his efforts were doomed from the start, set on constructing a system from top to bottom when language is far better suited to develop through organic, emergent human exchange.

The parallels to political economy are obvious and unavoidable. In a new short film from George Mason University’s Institute for Humane Studies, the intersection is explored at length, prompting serious reflection on the implications of spontaneous order—economic, social, moral, and otherwise.

“Language differences….can cause some serious problems,” the narrator observes. “Given our global economy and international politics, it’s worth wondering: Why don’t we just create a universal language?”

When observing the failures of top-down collectivist approaches to social solutions, the answer to the narrator’s question seems rather obvious: they doesn’t work.

Human were made to cooperate—to give and receive. And, as history continues to demonstrate, they do so more effectively, productively, and joyfully when allowed to create and exchange with more freedom and less organization or oversight.

“No one person designs these words,” the narrator explains, pointing back to language. “They emerge from the bottom up by people pursuing their own goals, creating words municate simple concepts for their own limited needs. And over time, without anyone intending it, these e to form an orderly whole—what we call a ‘language.; This process, of creating something big plex by no one’s design but by everyone’s action, is what economists…call spontaneous order.”

Spontaneous order is truly a wonder to behold, and free market advocates are right to relish in the results. Yet in observing such miracles, we should also be careful to properly attribute the source and interpret the implications.

Given that free markets can lead to remarkable efficiency—all through largely uncoordinated collaboration—many of those same advocates are just as quick to simply shrug at the inputs and outputs, trusting that the workings of the “invisible hand” will work it out lead us to whatever is best for society. We are to “trust the market,” as they say.

Yet to take such a perspective is to pretend that our economic interactions are just mere, momentary transactions—meaningless, isolated incidents that relate only to our own self-interest and self-provision. On the contrary, they are part of the bigger, ongoing story of human collaboration and civilization, bearing spiritual and moral weight and plenty of transformative social power, as well.

As economist Leland B. Yeager explains, markets—again, like language—illuminate the deeper connections between the human person and broader society, meaning we needn’t descend into either narrow individualism or reckless collectivism as we steward our corresponding action:

Language is a prime example of the sense in which the individual is a product of his society. The example is relevant to political economy—the area of overlap among economics, political science, and philosophy—and to questions of a suitable blend of individualism munitarianism in the shaping of institutions and policies. In these interactions, language and ethics display parallels; and related questions concern, for example, life-styles and role models for youth growing up in munities.

All the words and meaning and structure of a language existing at a given time were contributed by individuals, mostly members of earlier generations. Each person grew up “into” an already functioning language. It shaped his thoughts, values, and activities. Words convey moral appraisals—for example, “murder,” “shabby,” “pig-headed,” “tenacious,” “principled.” Without using socially given words and sentence structures, each of us could hardly think or reason at all. Yet, language results from the interplay of individual minds. Each individual and perhaps each generation has been influenced more by language than he or it has influenced language. Yet it, like moral traditions, is the creation of all individuals, past and present.

The lesson from L. L. Zamenhof’s failed language is clear: there’s a predictable futility in trying to plan our way to peace and prosperity from the top to the bottom. But such a realization points to a second lesson, which is just as important: our individual action and associational lives also bear moral weight and purpose.

With economic freedom, a resulting order may e “without intent,” but our own voice—our own “intent” to work for our neighbors and serve God through our economic activity—is still essential to ensuring that order is both good and just, connecting moral tradition and human civilization past, present, and future.

Image: Poster for the second World Esperanto Congress at Geneva, 1906

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Laudato Si’ and the ‘less is more’ philosophy
Michael Severance, operations manager for Istituto Acton in Rome, wrote an article for Catholic World Report examining the economic concept of scarcity in light of Laudato Si’ and Pope Francis’s trip to South America. Severance focuses on the pope’s efforts to promote a culture of self-control and asceticism and specifically analyzes the implications of paragraph 222 of the encyclical, where Francis writes: “We need to take up an ancient lesson, found in different religious traditions and also in the Bible....
Obama Administration Proposes Taking Away Guns from Social Security Recipients Who Can’t Manage Their Money
The Obama administration is pushing to ban Social Security beneficiaries from owning guns if they lack the mental capacity to manage their own financial affairs. When I first heard this claim, I assumed it must be a false rumor circulating on social media and less-than-reputable websites. Instead, it turns out, if the L.A. Times can be trusted, to be true account of the White House’s intentions. The push is intended to bring the Social Security Administration in line with laws...
Radio Free Acton: Jared Meyer on Washington’s Betrayal of America’s Young
Much has been written about the plight of the young in America today, many of whom are leaving college and entering a phase of long term underemployment or outright unemployment. The phenomenon of Millennials stuck living in their parents’ basements is a real thing, and it’s troubling. On this week’s edition of Radio Free Acton, Acton Communications Associate Sarah Stanley talks with Jared Meyer of the Manhattan Institute about his new book,Disinherited: How Washington is Betraying Amerca’s Young, which details...
Ireland, Same-Sex Marriage, And Surrogacy: Connecting The Dots
At first blush, the issues of same-sex marriage and surrogacy don’t seem to have too great a connection. However, in Ireland, a public debate illustrates how closely these issues are related, and it isn’t good. In May, same-sex marriage became legal in Ireland by public vote. In the days before the vote, major news sources noted that “fears” of surrogacy would sink the vote for same-sex marriage, even though surrogacy is not legal in Ireland. The question raised is: Do...
The Greatest Country in the World: What is it to You?
I believe that greatness, if defined by power, economic and cultural influence, requires us to acknowledge that the United States of America was once the greatest country in the world. However, as it ceases to lead the world in these areas – as one survey after another shows – and other countries take its place, it can no longer be considered the greatest. If we change our definition of “greatest” however, America might still be great. I believe we need...
Why isn’t Liberalism an ‘Option’?
Not the Only “Option” This is the question I ask in response to Rod Dreher et al. at Ethika Politika today. By liberalism, of course, I mean the (classical) liberal tradition as a whole, not just progressive forms of mon on the social and political left. I write, So in one sense Benedict Option enthusiasts are not all wrong. Liberalism is the problem the same way “culture” is the problem, or “society,” or “religion,” or “secularism,” or any other general...
An overview of the riots of the 21st century
Back in April I wrote about the Baltimore riots and noted the long term impactriots have historically had on cities. At the time I wrote, “Within a few weeks the riots in Baltimore will subside and the country’s attention will shift to other problems. But the economic damage caused by the violence and looting will affect munity for decades e.” Most of us who weren’t directly affected have indeed moved on to other problems. But in the wake of the...
Planned Parenthood and Unfettered Congressional Spending
“Public money is used for a multitude of things that many Americans find objectionable,” says Zack Pruitt in this week’s Acton Commentary. “When standards for congressional spending e virtually obsolete, the financial door swings wide-open for potential abuse.” Planned Parenthood receives over $500 million each year from American taxpayers, prises over 40 percent of its budget. It was recently shown on video ostensibly seeking to profit from the sale of aborted baby parts (as opposed to being reimbursed for tissue...
Economy of Wonder: Buzz Aldrin Takes Communion in Space
Today marks the 46th anniversary of the day we landed on the moon, and as we look back on that monumental moment, it’s worth remembering the efforts taken by one astronaut topause and recognize hiscreator. Prior to the lift-off of Apollo 11, Buzz Aldrin spoke with his pastor about finding the “right symbol for the first lunar landing.” After some discussion, they agreed it was munion service, and the scripture passage he’d use would be John 15:5: “I am the...
Did America Invent Religious Tolerance?
Allowing people to think what they want about God and religious beliefs is a considered a cornerstone of a liberal society. But religious toleration hasn’t historically been considered a prized virtue. In fact, as Larry Schweikart says, it’s a historical aberration—an ideological revolution created by the Puritans and pre-1776 Americans. ...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved