Home
/
RELIGION & LIBERTY ONLINE
/
Finding our economic voice: How markets are like language
Finding our economic voice: How markets are like language
Jan 9, 2026 5:19 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
A Conservative Case for Prison Reform
Conservatives known for being tough on crime, says Richard A. Viguerie,should now be equally tough on failed, too-expensive criminal programs. They should demand more cost-effective approaches that enhance public safety and the well-being of all Americans — including prisoners: Conservativeshould recognize that the entire criminal justice system is another government spending program fraught with the issues that plague all government programs. Criminal justice should be subject to the same level of skepticism and scrutiny that we apply to any other...
Conservatism as Gratitude
Yuval Levin, one of the brightest minds in America, was recently awarded the 2013 Bradley Prize for his work in advancing the cause of limited government. In his remarks on accepting the prize, Levin explains the connection between conservatism and the virtue of gratitude: To my mind, conservatism is gratitude. Conservatives tend to begin from gratitude for what is good and what works in our society and then strive to build on it, while liberals tend to begin from outrage...
Autocam Takes Battle Against HHS Mandate to the Sixth Circuit
On Tuesday June 11, Autocam Corporation went before the U.S. Court of Appeals 6th Circuit Court in Cincinnati to argue against the enforcement of the Health and Human Services birth control mandate. President and CEO of Autocam and Autocam Medical, John Kennedy, says that “the law forces some employers to participate in what they believe is intrinsic evil.” But his request for an injunction had been denied by the US District Court for the Western District of Michigan. A spokespersonfrom...
I Pity The Fool Who Doesn’t Shop the Acton Audio Fire Sale
Say, did you hear about the big Acton University Audio Fire Sale that’s going on now in the Acton Institute’s Digital Downloads Store? 68 presentations from Acton University 2012 have been marked down a full seventy-five percent, giving you access to an amazing range of talks on topics ranging from Christian Anthropology to Corruption, from Abraham Kuyper toAlexandrSolzhenitsyn, from Biblical Foundations of Freedom to Tensions in Modern Conservatism, all for just fifty cents per lecture! New to Acton and wondering...
Narcissism and the Minimum Wage Are Destroying Opportunities
Once upon a time, America was a country where a young adult would jump at an opportunity to learn new skills so that he or she could increase their options later. They were grateful. Those days are over thanks to a new ruling against unpaid internships. Thanks to an America that fertilizes Millennial narcissism in new bined with the federal government undermining how employers develop their employees with minimum wage laws, everyone is worse off in the long run. Someone...
Intellectual Honesty Overcomes Radical Agendas
An apocryphal quote often (incorrectly it seems) attributed to John Maynard Keynes goes something like, “When the facts change, I change my mind. What do you do, sir?” Eliot Ness, as portrayed by Kevin Costner in The Untouchables, answers a reporter’s question about the lawman’s plans once Prohibition is repealed: “I think I’ll have a drink.” The point of these quotations, though fictional, is to draw attention to the virtue of intellectual honesty. For real-world, verifiable intellectual honesty one can...
We Are All The Problem
rades, is the answer to all our problems. It is summed up in a single word– Man” ― George Orwell, Animal Farm We are clearly at a point where we are all to be treated as criminals. Why? Because it’s politically incorrect to name the actual criminals. If a terrorist is fueled by a fundamentalist vision of his religion, such as the Tsarnaev brothers, we are told that their radical roots are “mysterious” or religion wasn’t even a factor in...
5 Facts About Fatherhood In The United States For Father’s Day
There are almost 2 million single dads raising kids in the U.S.About 24 million children do not live with their biological father.In 1965, dads spent about 2 1/2 hours a day with their child; today, dads spend about 6 1/2 hours with their child daily.70% of Americans believe that a father’s absence from the home is the most significant problem facing our country today.Even in high crime neighborhoods, 90% of children from stable 2 parent homes where the father is...
EVACUATE THE SCHOOLCHILDREN! It’s a FIRE SALE!
Acton’s enormously exciting FIRE SALE continues in the Acton Audio Store! We’ve marked down prices on our 2012 Acton University audio by SEVENTY-FIVE PERCENT! Talks by luminaries such as Michael Novak, Eric Metaxas and Arthur Brooks are available for the low, low price of fifty cents! You’d have to be crazy not to check it out! AND… scene. ...
‘Do you, or have you ever, belonged to the Boston Tea Party?’
Keith Lambert has a riveting first-hand account at his new blog about Cold War Communist informant Herb Philbrick. Some key excerpts: Back in the 1980’s I was more interested in dating his daughter than I was in learning about the man she called her father. Nevertheless because of his poor night vision my mother-in-law to be Shirley pulled me aside and asked me to drive the two of them to Boston for an appearance of Herb’s on a locally syndicated...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved