Home
/
RELIGION & LIBERTY ONLINE
/
The economics and morality of infinity
The economics and morality of infinity
Jan 15, 2026 7:17 PM

In this week’s Acton Commentary I take on Thanos’ zero-sum economic worldview as manifest in Avengers: Infinity War. In the classic debate over positivity and normativity in economics, Thanos is definitely not a value-free figure. He pursues, with single-minded tenacity and brutality, the moral good he perceives.

Toward the end of the piece, I cite Hayek as an example of an alternative perspective, one that sees development and possibility where Thanos sees decay and finitude. Hayek is, in his own way, a normative economist, in the sense that he thinks there is a moral justification for embracing the spontaneous, extended order. As Irwin and Yuengert put it, “The purpose of his research and writing is to argue for reliance on emergent order as a matter of policy.”

Thanos’ worldview has not reckoned with the Hayekian insights that it is only on the basis of the extended order that civilization has developed to the scale and size that it has. This is, as it turns out, a powerful moral argument for its maintenance and defense rather than for its dissolution or destruction. prehensive sense of survival is the first of the two moral standards that Irwin and Yuengert identify in Hayek’s work. As they write, “We can discern two kinds of permanent value metrics in Hayek’s writings: the value of survival, and the value of free human striving.”

It turns out that so often those who are not concerned with survival of individuals (as opposed to the preservation of the species or life itself, as in Thanos’ case) are likewise not concerned with their free development and striving. This is the perhaps the key difference between Thanos and his opponents. As Cap tells Vision, “We don’t trade lives.”

Survival and striving tend to go together, if you consider survival in terms of individuals and not just the mass or a portion of the whole. Irwin and Yuengert provide a citation from Hayek that succinctly distinguishes an aspect of his moral defense of the free economy contra Thanos’ centrally-planned, zero-sum worldview:

[The free moral order] is able to sustain more from discoverable resources (and indeed in that process discover more resources) than would be possible by a personally directed process. And although this morality is not “justified” by the fact that it enables us to do these things, and thereby to survive, it does enable us to survive, and there is something perhaps to be said for that.

Or as Hayek also later observes, “neither socialism nor any other known substitute for the market order could sustain the current population of the world.” And that carries some significant moral weight.

Read more: Ian Irwin and Andrew Yuengert, “The Laboratory as a Discovery Process? Vernon Smith, Hayek, and Experimental Economics,” Journal of Markets & Morality 19, no. 2 (Fall 2016): 253-274.

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
Real First World Problems
I have a hearty appreciation for jokes about first world problems. The fries are too cold. The Brita filter is too slow. The phone charger is all the way upstairs. That sort of thing. Consider this round-up: But although it’shealthy to poke fun at some ofthe pampered attitudes e with widespread prosperity and convenience, plenty of real problems have also emerged. (“Pampered attitudes” are somewhere on the list.) Focusing on a recent trip to Hong Kong, Chris Horst of HOPE...
Why Do Economists Urge College But Not Marriage?
From an economics perspective both getting a college degree and getting married are beneficial for one’s earning potential. So why do economists promote the college wage premium while downplaying or ignoring the marriage wage premium? As Pascal-Emmanuel Gobry says, In contemporary societies, there is a strong college wage premium. That is to say, people who go to college make more money on average than people who don’t. While a minority of economists (including Cowen) have questioned why this premium should...
When I Grow Up, I Want to Be a Crony
“What’s a crony? It’s like having a best friend who gives you other people’s stuff.” ...
Christians in the New Industrial Economy
In case you missed it when it came out, I thought it’d be worth posting a reminder that the Acton Institute recently partnered with the Christian History Institute to produce an issue of Christian History magazine. The issue (which you can download as a free PDF) examines the impact of automation on Europe and America and the varying responses of the church to the problems that developed. Topics examined are mission work, the rise of the Social Gospel, the impact...
Cell Phones, Microfinance, and Poverty
A recent report by the United Nations states that out of the world’s seven billion people, six billion have a mobile phone, but only 4.5 billion have a modern toilet. In India, there are almost 900 million cell phone users, but nearly 70 percent of the population doesn’t have access to “proper sanitation.” Jan Eliasson, the UN Deputy Secretary General has called this a “‘silent disaster’ that reflects the extreme poverty and huge inequalities in world today.” Despite the lack...
Public Education, Cheating Education
America’s children are in serious trouble when es to public education in munities. All over America, more and more schools would rather cheat on standardized testing than suffer the consequences of the truth that many of their students are seriously struggling. The widespread corruption in many public school systems that predominantly serve children of color is no less than a national crisis. It seems that many public educators, like politicians, are making decisions that serve their career advancement rather than...
Finding Blessings in Unwelcome Work
Most of us have spent at least a little time workingin jobs we weren’t thrilled about. For me, it peaked with McDonald’s (no offense, Ronald). For Trevin Wax, it was Cracker Barrel: I never wanted to work at Cracker Barrel. I had business experience as an office manager, plus five years of international missions experience tucked under my belt. But none of that mattered when the most pressing question was, How will you provide for your wife and son this...
Commentary: Buying Off Discontent
“There has always been a generous spirit in America towards the downtrodden, but it’s time to realize that we are no longer being generous: the government is leading us merrily along the path of fiscal fugue,” writes Elise Hilton. So why are federal officials advising benefit applicants that they shouldn’t be “discouraged by funding issues”?The full text of her essay follows.Subscribe to the free, weekly Acton News & Commentary and other publicationshere. Buying Off Discontent: The Economic Wreckage of Disability...
Video: Acton on the BBC
We’re continuing to round up clips of Acton involvement in the media coverage of the recent papal conclave and the election of Pope Francis, and today we present two clips from across the pond that our American readers likely haven’t seen yet. First up, Istituto Acton’s Kishore Jayabalan joins Father Thomas Reese, former editor ofAmerica magazine and current fellow at the Woodstock Theological Center in Washington, DC, to discuss the conclave process as it progressed; the interview took place prior...
Taking God Out of Good
In a world apparently dominated by Christian footwear, a pany e to the rescue of atheists. Atheist Shoes boast a line of footwear that proudly announces the wearer’s lack of faith. The soles of the shoes (not to be confused with “souls”, mind you) state “Ich bin Atheist” (“I am an atheist”). pany thinks the world needed a “nice, understated way for people to profess their godlessness”, and the founders of pany wanted to help atheists proclaim their unbelief, especially...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved