Home
/
RELIGION & LIBERTY ONLINE
/
The economics and morality of infinity
The economics and morality of infinity
Jan 4, 2025 5:15 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
AU Online: Discuss Obamacare Lawsuit with John Kennedy of Autocam
Join West Michigan business leader, John Kennedy, for a discussion of the HHS mandate and Obamacare. Kennedy, president and chief executive officer of Autocam, is filing suit against the federal government because the “mandate unconstitutionally coerces” him to violate his convictions about the dignity of human life. What do business leaders need to know about ObamaCare and the HHS mandate? Don’t miss your chance to engage in a conversation on this timely issue. Kennedy will take questions online from attendees...
ResearchLinks – 10.26.12
Call for Papers: “Intellectual Property and Religious Thought” University of St. Thomas School of Law, April 5, 2013. The University of St. Thomas will hold a conference titled “Intellectual Property and Religious Thought,” on April 5, 2013, co-sponsored by the Terrence J. Murphy Institute for Catholic Thought, Law, and Public Policy and The University of St. Thomas Law Journal. The conference will be held at the University of St. Thomas School of Law building in downtown Minneapolis. Call for Papers:...
A State That Co-opts and Crushes Civil Society?
John Zmirak, author and Editor-in-Chief of The Intercollegiate Review, wants voters to know exactly what is at stake in the looming Presidential election. In a guest blogger piece at the National Catholic Register, Zmirak pointedly states that the choice between the two candidates isn’t just about whose economic agenda seems more reasonable or who won which debate: …it’s about what America means: At heart of our Constitutional democracy is the freedom of individuals, even those with unpopular opinions, to pursue...
Helping Without Hesitating or Hurting
Everyone agrees that during times of natural disaster, people need help. With “Superstorm Sandy” pummeling the eastern third of the U.S., it is easy to see that many people will need aid in the form of food, clothing, shelter and other basic necessities, and we are obliged to help. But we should be smart about it. Brian Fikkert, author of “When Helping Hurts: How to Alleviate Poverty Without Hurting the Poor…or Yourself”, gives three reasonable guidelines for helping in these...
Samuel Gregg: Paul Ryan’s Way
Acton’s Director of Research, Samuel Gregg, notes in a recent NRO article that vice-presidential candidate Paul Ryan has avoided “emotivist nonsense” and presented a clear moral vision for our country. Among other things, Ryan, ever so politely but unambiguously, underlined the immense damage inflicted by sometimes well-intentioned government welfare programs upon those in need. Yet he did so in a manner that detailed the economic costs but also went beyond a narrowly materialist reckoning. Ryan pointed to the manifold ways...
Monks, Beer, and the Labor of their Hands
Fr. Z’s Blog has a great post highlighting the Benedictine Monks at Norcia and their new brew. Here is the motto from the Birra Nursia site. Wonderful stuff, really: plete harmony with the centuries old tradition, the monks of Norcia have sought to share with the world a product which came about in the very heart of the monastic life, one which reminds us of the goodness of creation and the potential that it contains. For the monks of Norcia,...
Is Religious Freedom a “Natural Right”?
Over at The Claremont Institute, Hadley Arkes considers whether religious freedom is a “natural right.” His exploration of the question is lengthy plex and, as with everything Prof. Arkes writes, worthy of serious consideration. Here is his conclusion: It may be jarring in some quarters to say it, but it is eminently reasonable to be a theist, and quite as reasonable to understand that not everything done in the name of religion and theism is reasonable and defensible. What else...
The Moral Paper Route
AEI recently held a contest challenging people to make a video that could articulate a moral case for free markets in two minutes or less. The $40,000 top prize was won by Jared Fuller with this entry, “The Moral Paper Route.” At AEI’s Values & Capitalism blog, Julia Thompson talks to Fuller about the making of the video. ...
Tracing the Logic of Liberalism
In the Western world there are conservative liberals, liberal liberals, and radical liberals, says David T. Koyzis, but all adhere to the basic principles of liberalism: The liberalism of Thomas Hobbes and John Locke. Of Thomas Jefferson and John Stuart Mill. After all, the Declaration of Independence is a liberal document, unquestioningly accepting that popular consent stands at the origin of political authority. As Alasdair MacIntyre has put it, in the Western world there are conservative liberals, liberal liberals, and...
Bono, Babel, and the Myth of Economist as Savior
Bono, lead singer of U2 and co-founder of charity-group ONE, recently offered some positive words about the role of markets in reducing global poverty and spurring economic development (HT): The Irish singer and co-founder of ONE, a campaigning group that fights poverty and disease in Africa, said it had been “a humbling thing for me” to realize the importance of capitalism and entrepreneurialism in philanthropy, particularly as someone who “got into this as a righteous anger activist with all the...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved