Home
/
RELIGION & LIBERTY ONLINE
/
Finding our economic voice: How markets are like language
Finding our economic voice: How markets are like language
Dec 13, 2025 9:51 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
In Search of the ‘Values’ Voter
How can government best uphold Christian values? The right’s traditional answer is through legislating morality issues that are central to family values or the sanctity of life. It looks like the left will counter this with an expanded version of government. Andrew Lynn looks at the petition for the religious vote in the context of Sen. Barack Obama’s recent speech to Call to Renewal. Read the mentary here. ...
Yeah, Ohio!
Ohio Court Limits Eminent Domain ...
Isn’t the Cold War Over?
I’ve got an idea for a new . Titled, Hugo and Vladi, it details the zany adventures of two world leaders, one of whom (played by David Hyde Pierce) struggles to upkeep his image of a friendly, modern European diplomat while his goofball brother-in-law (played by George Lopez) keeps screwing it up for him by spouting off vitriolic Soviet rhetoric and threatening all of Western civilization with his agressive (but loveable) arms sales and seizures of private panies. It is...
Krauthammer on Proportionality
“‘Disproportionate’ in What Moral Universe?” asks Charles Krauthammer in today’s Washington Post. He continues: When the United States was attacked at Pearl Harbor, it did not respond with a parallel “proportionate” attack on a Japanese naval base. It launched a four-year campaign that killed millions of Japanese, reduced Tokyo, Hiroshima and Nagasaki to cinders, and turned the Japanese home islands into rubble and ruin. Disproportionate? No. When one is wantonly attacked by an aggressor, one has every right — legal...
A Unitarian, the Pope, and Jeffrey Sachs Walk Into a Bar…
Hunger, disease, the waste of lives that is extreme poverty are an affront to all of us. To Jeff [economist Jeffrey Sachs] it’s a difficult but solvable equation. An equation that crosses human with financial capital, the strategic goals of the rich world with a new kind of planning in the poor world. –Bono, Foreward to The End of Poverty by Jeffrey Sachs, italics mine. I am informed by philologists that the “rise to power” of these two words, “problem”...
Sin and Extreme Sports
You may know that a traditional way of interpreting the Ten Commandments involves articulating both the explicit negative prohibitions as well as the implicit positive duties. So, for example, the mandment prohibiting murder is understood in the Heidelberg Catechism to answer the question, “Is it enough then that we do not kill our neighbor in any such way?” by saying, “No. By condemning envy, hatred, and anger God tells us to love our neighbors as ourselves, to be patient, peace-loving,...
‘The Aryan clause, the Confessing Church, and the ecumenical movement’
The latest issue of the Scottish Journal of Theology is out, and includes my article, “The Aryan clause, the Confessing Church, and the ecumenical movement: Barth and Bonhoeffer on natural theology, 1933–1935.” Here’s the abstract: In this article I argue that the essential relationship between Dietrich Bonhoeffer and Karl Barth stands in need of reassessment. This argument is based on a survey of literature dealing with Bonhoeffer and Barth in three basic areas between the critically important years of 1933...
Gambling Hypocrisy
“All forms of gambling are predatory and immoral in their very essence,” says Rev. Albert Mohler. I don’t agree, at least insofar as his identification of what makes gambling essentially immoral is not necessarily unique to games of chance: the enticement for people to “risk their money for the vain hope of financial gain.” Stock e to mind. Indeed, as I’ve pointed out before, there is no single coherent Christian position regarding gambling per se. For example, the Catechism of...
On Blogging
G. K. Chesterton on Journalists: “…there exists in the modern world, perhaps for the first time in history, a class of people whose interest is not in that things should happen well or happen badly, should happen successfully or happen unsuccessfully, should happen to the advantage of this party or the advantage of that party, but whose interest simply is that things should happen. “It is the one great weakness of journalism as a picture of our modern existence, that...
Protestants and Natural Law, Part 7
In Parts 5 and 6 we addressed the two mon Protestant objections to natural law. And now, as promised, we will see what limitations the Reformers perceived in natural law, even as they affirmed its value. (Incidentally, the treatment of the natural knowledge of God that Peter Martyr Vermigli, Jerome Zanchi, and Francis Turretin provide, to mention only a few, pletely in step with that of the early church. For more on that topic, click here.) The widespread assumption that...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved