Home
/
RELIGION & LIBERTY ONLINE
/
Finding our economic voice: How markets are like language
Finding our economic voice: How markets are like language
Dec 25, 2025 2:45 PM

“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
Asia’s war on poverty
Asia is home to about 2/3 of the world’s poorest people. Underdeveloped nations in Asia (the same is true elsewhere) struggle to maintain a foothold in an ever-globalizing world economy. An approach to helping solve some of these problems was explained in The Japan Times today. Lennart Bage, president of the International Fund for Agricultural Development for the United Nations, writes that since 1990 the per capita e of the entire Asian region has increased by 75 percent. What was...
Bono: aid or trade?
Bono: Heart in the right place, head not quite there yet For those PowerBlog readers who don’t follow the world of rock and roll, the man in the photo on the left is Bono (aka Paul Hewson), the lead singer of the biggest rock and roll band in the world – U2. (I pelled to mention that I am Acton’s resident U2 Superfan: the proud owner of The Complete U2, regular attender of U2 concerts – I took that photo...
‘Monkey Business’
In the latest issue of the New York Times Magazine, the article “Monkey Business,” by Stephen J. Dubner and Steven D. Levitt examines economist Keith Chen’s research with capuchin monkeys and money. Here’s another case of science, in this case economics, being used to “prove” the continuity between (and therefore equivalency of) humans and animals. The implicit message is that we are really not all that different from our fellow creatures, nor that special. This seems almost absurd, but it’s...
‘God Makes No Mistakes’
‘God Makes No Mistakes’ You may not know it, but Loretta Lynn is a pretty good theologian. She’s so good, in fact, that some contemporary theologians, open theists like Clark Pinnock, for example, could take some lessons in orthodoxy. The lyrics to a song off her most recent record, Van Lear Rose, that illustrates her high view of God. Here are the words to “God Makes No Mistakes”: Why, I’ve heard people say Why is this tree bent Why they...
Corporate blogging
The AP passes along this story about the use of blogs by corporations and executives. Some of the good advice includes: “Don’t go toward fake blogs. Don’t launch character blogs. Use a blog for what it’s for, transparency,” said Steve Rubel, vice president of client services at CooperKatz & Co., a New York PR firm. … He and other PR professionals can rattle off blogs gone wrong — usually “fake blogs” that stir up the ire of bloggers by hiding...
Live 8: Saving Africa?
Much has been written in recent weeks about Live 8, a series of concerts that will take place on July 6 in London, Paris, Berlin, Rome and Philadelphia. The name refers not only to the original Live Aid concerts that took place in 1985, but is also a reference to the G8 meetings that will be taking place in Edinburgh, Scotland at the same time as the concerts. G8 organizers are planning for massive protests which have been urged on...
Christian hostility to capitalism
I read an interesting article by Dan Griswold today in Cato’s Letter, a quarterly publication of the Cato Institute where Griswold is Director of the Center for Trade Policy Studies. Griswold’s article, “Faith, Commerce, and Freedom,” traces the history of the distrust that many Christians feel towards capitalism — and the resulting push for big government to regulate. Griswold points out that William Blake, a British Christian poet (1757–1827) wrote a poem titled “Jerusalem” which, in turn, was turned into...
Colson speaks at Calvin Seminary Spring Banquet
Colson speaks at Calvin Seminary’s Spring Banquet. Chuck Colson, founder of Prison Fellowship, spoke at Calvin Theological Seminary’s Spring Banquet, endorsing the school’s Dutch neo-Calvinist heritage. “Calvin Theological Seminary is an underappreciated asset in the evangelical world. There’s nothing the evangelical world needs more than a bracing dose of Kuyperian theology,” he said. The speech also marked the announcement of the establishment of the Charles W. Colson Presidential Chair at the seminary. Thanks to a major gift from the Richard...
Surviving socialism
In this month’s issue of Esquire, Ken Kurson extols the virtues of Sanofi-Aventis, the world’s third largest pany. “A Drugmaker reborn” (subscription required) essentially describes why Kurson thinks Sanofi is a great investment, but between his praises of pany sits this tidbit: And yet controlling costs is one of the things I like best about Sanofi. It’s why I believe in its strategy of growth through acquisition. And it’s why I think the merger with Aventis will be so effective....
Good question
Edward Southerland wonders, “Does the job description for school administrators require that you leave mon sense at home when you go to work?” One of the reasons he asks the question: In Tennessee, the student giving the valedictory speech started with a joke. “You have given us the minimum required attention span to master any station at any McDonald’s anywhere.” The next line was “Of course, I’m only kidding. Eagleville is a fine institution of higher learning with a superb...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved