Home
/
RELIGION & LIBERTY ONLINE
/
Love and Economics: From Contract to Cooperation
Love and Economics: From Contract to Cooperation
Jan 11, 2025 11:27 PM

The subject of contracts is not particularly romantic, which is part of the reason I’d like to talk about contracts—and how we might reach beyond them.

In some ways, e to overly ignore, downplay, or disregard contracts. Across the world, we see grandmaster politicians and planners trying to impose various “solutions” with the flicks of their wands, paying little attention to core featureslike trust and respect for property rights. Here in America, our government is increasingly bent on diluting or subverting our most fundamental agreements, whether between husband and wife or foreclosed Billy and his bank.

In other ways, however, we are excessively contract-minded, particularly when it enables us to slack off or lead predictable, controllable lives. We want guarantees to ensure the maximum reward for the minimum amount of work. We want legislation that protects our jobs and locks in our wages and retirement. We want to put in our 40, return to our couches, grab one from the cooler, and say, “that’s that.” We want to give our effort insofar as we receive our due, insulating ourselves from risk, sacrifice, and fort wherever possible.

But whilecontracts themselves do play an important role in ordering our affairs, we mustn’t forget that they only take us so far. Surely we need to establish some minimums in mitment-making, but that needn’t mean that minimum-mindedness shouldoverwhelm our actions and imaginations.

As for how we might reach beyond these attitudes, the answer is quite simply love, a solution that may sound flimsy and unrealistic, but which, in it’s purest form has a remarkable tendency to break down line-item legalisms and self-centeredness. As economist Jennifer Roback Morse argues throughout her book,Love & Economics, love “holds society together,” and does so precisely by pushing us beyond ourpseudo-rationalistic calculus — on toward deeper and healthier human relationships and a more flourishing society, in turn.

Although love plays a key role across all areas — business, art, education, politics — Morse takes herbasiclessonfrom the family, which by its very nature fights against a contractual mindset. “Familial relationships are not coercive in the usual sense, nor are they voluntary in the usual sense,” argues Morse. Marriage, for instance, may be “contractual” in certain ways, but it is much better described as a “partnership” — one filled with what Morse calls “radical uncertainty.” “Will we both remain healthy?” she asks. “Will we both continue to be employed at our current level of e and status? Will our needs change in ways we cannot fully predict?”

At the most superficial level, a marriage is the sharing of a household by two adults and usually involves exclusive sexual rights. But at a deeper level marriage involves something much more. A successful marriage requires plete gift of the self to the other person. It is not reasonable to give of the self at the same level unless there is mitment.These are the elements of mitment and self-giving to another person.

Once children are woven into that mix, thisreality es all the more clear, with obligation, responsibility, and new levels of love almost irresistibly pressed upon us, from the day these little peopleenter the world throughthose blood-curdlingcries at the most inopportune hours of the night. For most parents, putting in the “minimum” is neither desirable nor realistic. Most understandsomebasic level of duty and obligation (feed them, shelter them, protect them), but we also understand that this “contract” represents the beginning, not the end. Thus, we learn to love, and love more abundantly.

Taken together, marriage and children aptlyilluminate this model:

Partnerships feature ongoing, joint decision making during the life of the relationship. In purely contractual relationships by contrast, the parties negotiate most, if not all, of the significant decisions prior to entering into the contract. In a partnership, the partners share responsibilities, decision-making, and risks…

…In a partnership, both partners have enough at stake in the relationship that they have an incentive to do all the unstated but necessary things that can be known on the spot and in the moment. The contract is neither the end of the relationship nor the method for how the parties relate to one another.

Showing how this applies elsewhere, and (hopefully) prodding us to set our sights on our own respective spheres,Morse examines partnership dynamic in business:

The employer-employee relationship is more productive when people can move beyond a purely contractual arrangement. bination of collective bargaining, large bureaucratic workplaces, and federal legislation has created the need for ever more detailed job descriptions. These detailed specifications of labor contracts in many cases disrupt the vitality of the workplace. “It is not in my job description” is an excuse to do the minimum necessary. In this context, the attitude engendered by a contractual mentality is one of pliance rather than maximal cooperation. The attempt to specify every detail of a person’s responsibilities destroys the spontaneity and the sense of partnership and teamwork.

When relationships are formed, trust is cultivated, service is poured out, and ideas are shared openly and freely, God has additional room to guide these “little platoons” and associations in munities and society. Once we partner with others not for ourownbenefit, but out of deep and authentic love for neighbor and God, we open ourselves to risk, but also to munities, new ideas and innovations, and the type of whole-scale prosperity that’s found through exchange and collaboration with our fellow co-creators.

In all of our relationships and engagements, whether in serving our spouses, children, neighbors, friends, bosses, employees, clients, customers, churches, etc., let’s stop simply “putting in our 40” and start striving for more than the minimum.

Reach beyond the contract. Or, as Morse writes elsewhere: “Live with abandon, not obligation.”

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
Moral hazard at the root of our student debt crisis
Student debt in the United States is currently over $1.5 trillion. Samuel Gregg has recently criticized Sen. Elizabeth Warren’s (D-MA) plan for student debt forgiveness as an answer to this crisis for ignoring the dangers of moral hazard. This post is a follow-up on that one. In short, as Gregg notes, quoting his book For God and Profit, moral hazard is defined by circumstances, policies and institutions that encourage individuals and businesses to take on excessive risk, most notably with...
For pro-life poverty fighters, political objectives and policies are different things
If you’re a pro-life conservative Christian you’ll eventually hear someone on the left assert that you can’t be consistently pro-life if you don’t support government policies to reduce poverty. If we truly cared about life in and out of the womb, they say, you’d support government intervention not only to ban abortion but to make abortion unnecessary. They are right to call us to be consistent. But they are wrong to assume consistency requires supporting their preferred government interventions. As...
Protectionism keeps making Americans poorer
“President Trump’s decision to impose tariffs on imported washing machines has had an odd effect,” notes Jim Tankersley in the New York Times. “It raised prices on washing machines, as expected, but also drove up the cost of clothes dryers, which rose by $92 last year. Tankersley is referring to a new report by a team of economists at the University of Chicago and the Federal Reserve Board that studied the effects of Trump’s 2018 tariffs on imported washing machines....
Video: Mustafa Akyol on the prospects for liberty in the Islamic world
The 2019 Acton Lecture Series continued on April 25th in the Mark Murray Auditorium at the Acton Building, where we ed Mustafa Akyol, Senior Fellow at the Cato Institute and a regular lecturer at Acton University to share his thoughts on the prospects for liberty in the Islamic world. Akyol discusses some of the serious social and political challenges that many Islamic nations face, and shares some ideas on how human rights and the idea of individual liberty might be...
Superheroes and subsidiarity
On the heels of a record-smashing opening weekend for Avengers: Endgame, it seems appropriate to broach the subject of superheroes and subsidiarity, and specifically an intriguing lesson about subsidiarity in the Marvel Cinematic Universe. (Sorry, this post will not be about the would-be superhero ‘Subsidiarity Man.’) In deference to those who weren’t among the people who contributed to the $1.2 billion opening, I’ll wait to post a bit more about Avengers: Endgame and specifically how it relates to the development...
What did Emmanuel Macron offer the yellow vest protesters?
After yellow vest protests raged in the streets of Paris for 23 consecutive weeks, French President Emmanuel Macron has responded with a package of tax cuts and decentralizing political reforms. Macron unveiled the proposals at the Elysée presidential palace in the first domestic press conference of since he took office. The gilet jaunesprotests were named for the fluorescent yellow vests French motorists must wear when stopped at roadside; The New Republic likened the vests to “the armor of light” mentioned...
Unitarian leftist: Socialism is not ethically superior to capitalism
Socialism has made a resurgence in this generation, not least because of itsdeceptive moral appeal. Secular Millennials join liberal priests, pastors, and rabbis in saying that profitscorrupt, unequal es are immoral – and perhaps even Jesus would have been a socialist.Yet numerous people, secular and faithful, have weighed collectivism in the balance and found it wanting. One of the people who found socialism ethically inferior to capitalism came from an unlikely source: the Unitarian Church. His verdict? Socialism “is the...
David Bentley Hart’s sophomoric defense of socialism
“Whatever you think of the socialism discussion,” says economist Tyler Cowen, “should a Christian have and indeed display so much contempt for other human beings?” Cowen is referring, of course, to the latest sneering diatribe in the New York Times by theologian David Bentley Hart. Cowen isn’t himself a Christian, but even many non-believers are shocked by Hart’s tone. I suspect that’s merely because they are unfamiliar with his broader body of work. If you know Hart’s name it’s likely...
The ‘success sequence’ is not so simple
There are some steps a person can take to have a good chance at finding happiness and avoiding poverty in life, notes Brent Orrell, but despite what some researchers say, the truth is a little plicated than a simple sequence. ...
Student debt and moral hazard: To forgive or not to forgive?
During primary elections in the United States, it’s hardly unusual for those seeking their party’s nomination to make outlandish promises that aren’t likely to be kept. Thus we saw Senator Elizabeth Warren recently outlined her plan to abolish student debt, and pay for it by levying a tax on the super-rich (however that is defined). The cost of all this? Senator Warren says about 1.25 trillion (US). She also wants to make tuition-free at public colleges and universities. All es...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved