Home
/
RELIGION & LIBERTY ONLINE
/
This machine trades Halloween candy for Reese’s cups – and teaches us about trade
This machine trades Halloween candy for Reese’s cups – and teaches us about trade
Oct 10, 2024 3:17 AM

Have you ever been disappointed by the candy you received from trick-or-treating? Not a sucker for jawbreakers? Think Smarties are dumb? Do Jolly Ranchers leave you sour? You now have two options: Either one will maximize your happiness and benefit others – one of them aiding soldiers overseas.

Reese’s has invented a machine that will let you exchange your unwanted Halloween haul for Reese’s Peanut Butter Cups. Simply deposit your “disappointment” in the slot and receive an equivalent bulk of Reese’s. (It is unclear what exchange rate pany employs.) The machine can be seen in the video below:

As with anything else, terms and conditions apply: Their offer is good at only one location – Washington Square Park in New York City – and only for five hours on Halloween day.

If you are unable to take advantage of that offer, you have another opportunity to exchange less desirable Halloween candy and help others: The Halloween Candy Buy Back. The nationwide program, often held at dentists’ offices, will pay children $1 for each pound of Halloween candy they bring in – and they regularly hand out toothbrushes, dental coupons, and sugar-free candy, as well. The program, now in its thirteenth year, partners with a veterans organization to package and ship the candy to soldiers deployed overseas, giving them a taste of home. “More than 130 tons of candy has been collected, over the years,” the organization states.

The Invisible Hand delivers again

Either option will maximize your personal happiness. Jay Richards often begins his Acton University lectures with a story from his childhood: A schoolteacher taught his class a lesson by giving everyone a small toy. Then, the teacher gave them the right to trade with people in their row. Then finally, they could trade with everyone in their room. At each level, the teacher asked the children how much they enjoyed their toys and, unsurprisingly, they liked the toy they chose more than the one a central authority selected for them.

These private acts of free exchange benefit all parties involved: Reese’s gets publicity as the GOAT (Greatest Of All Time) of Halloween candy. Children (perhaps not entirely free of parental coercion) get cold, hard cash and dental items while participating in the blessing of giving (Acts 20:35). Soldiers in the middle of a hateful and hostile world get sweets and the knowledge that the public they fight to protect love and support them.

Both of these options came about without government direction, intervention, or involvement. Private individuals spontaneously saw a need and filled it – in some cases with an eye to their own advantage (Reese’s), in others with concern for others. Under a free system of exchange, everyone has the right to trade what they have for something they value more.

The miracle of the market forces people to satisfy their desires by serving others. Adam Smith wrote in his Theory of Moral Sentiments that, although people pursue only “the gratification of their own vain and insatiable desires, they divide with the poor the produce of all their improvements. They are led by an invisible hand … and thus without intending it, without knowing it, advance the interest of the society.”

Halloween would look much different if it followed other economic models. Under Marxism, a bureau would choose the kind and amount of Halloween candy every trick-or-treater would receive nationwide (and the Politburo would promptly embezzle it).

Under the most participatory theory of democratic socialism, citizens would vote for their favorite candy, and everyone would get Reese’s cups – including those with peanut allergies.

Under either system, the nation would run out of chocolate and peanut butter within three years. (This is no mere speculation; Venezuela halted production of Coca-Cola in 2016 due to a lack of sugar.)

Marginal utility, gluttony, and ‘the hunger for eternity’

In the affluent West, the greatest problem may be too much candy – a problem related to a concept economists call “marginal utility.” The more you have of any item, the less each one adds to your overall well-being. Seeing one neighbor drop a Reese’s cup into your bag may bring great satisfaction, a second a bit less. Receiving the fifty-first Reese’s cup of the night may bring boredom. (Some, specifically Joseph Schumpeter, trace the idea of marginal utility back to the Christian philosophers known as the scholastics, especially the late scholastics’ theories of value.)

The same concept applies to eating candy: The first piece brings a certain indulgent joy. The second and third add variety. The fifty-first piece of candy, furtively eaten an hour after everyone else as gone to bed, brings a stomachache, shame, and possibly the need for an intervention. (This author has done previous research on this topic.)

Economists call this diminishing marginal utility; the early church fathers call it gluttony. The fathers explain how an undue concern for the flesh dulls the things of the spirit, and the economists explain how each additional unit of consumption fails to bring peace or fulfillment. After a certain point, any kind of candy will prove superfluous – a microcosm of the world-weariness experienced in a broader scope by the Preacher in the Book of Ecclesiastes (1:1-2). Secular economists prove that earthly material cannot bring satisfaction and point to true fulfillment only in a world beyond this one. “Transiency is stamped on all our possessions, occupations, and delights,” the British Baptist minister Alexander Maclaren (1826-1910) wrote in mentary on Ecclesiastes. “We have the hunger for eternity in our souls, the thought of eternity in our hearts, the destination for eternity written on our inmost being, and the need to ally ourselves with eternity proclaimed by the most short-lived trifles of time.”

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
UK Northern Ireland abortion act oversteps legal boundaries: Expert
The UK Parliament has taken a step to overturn legislation on two of the most sensitive issues in politics, in violation of an agreement that grants authority over those issues to a lower level of government. The move to legalize abortion and to allow marriage between members of the same sex in Northern Ireland will “drive a coach and horses through the devolution settlement,” according to one Northern Irish Member of Parliament. On Tuesday, the House of Commons voted to...
Education, efficiency and liberty
Alaska’s university system is currently facing $130 million in funding cuts to an annual budget of $900 million, which included $327 million in state funding last year. These potential cuts have sparked criticism from researchers at other universities, University of Alaska President James Johnsen, Alaskan state legislators, and citizens. If the cuts stemmed from a budgetary crisis, perhaps the response would have been gentler. However, Alaska’s Governor Mike Dunleavy is seeking to give the money back to Alaskans each year,...
Rene Girard on the responsible use of language
Those of us who deal with ideas can often throw words around without being sufficiently careful about their meaning or attentive to their impact. We can be tempted to use terms to make a splash or win an argument at the expense plexity. Which Liberalism? You see this today with everyone condemning or praising liberalism. The term has e so vague that it increasingly means “stuff I don’t like” to some and “progress and freedom” to others. But like most...
Can summer jobs reduce violent crime?
Several decades of social science has shown a correlation between joblessness among disadvantaged youth and violent crime. While remediation has not been shown to lead to prevention, there is some evidence that summer jobs can. For example a2015 study published in the journal Science found that giving disadvantaged youth a summer job significanty reduces violent crime: In a randomized controlled trial among 1,634 high school youth in Chicago, assignment to a summer jobs program decreased violence by 43 percent over...
What does Judeo-Christian mean?
The Acton Institute was founded on the basis of ten principles that integrate “Judeo-Christian Truths with Free Market Principles.” You’ve probably heard the term your entire life, but do you know what “Judeo-Christian” means? And where exactly did the e from? While the concept of Judeo-Christian originated in the first century AD, as a number of Jewish believers aligned with the new movement of Christianity, the term was re-invented in America in the 1920s. As Eboo Patel, founder and president...
The Bookmonger podcast talks to Samuel Gregg about his new book
Samuel Gregg, director of research at the Acton Institute, released a new book titled,Reason, Faith, and the Struggle for Western Civilization. In his book, Gregg discusses the dangers that an unbalanced relationship between faith and reason imposes on a society. Gregg recently discussed this book with John J. Miller on National Review‘s The Bookmonger podcast. You can listen to the episode here. ...
News: Stephen P. Barrows joins the Acton Institute
Economist and Aquinas College Executive V.P. Stephen P. Barrows has been named Managing Director of Programs at the Acton Institute. Barrows, who also holds the titles of Provost and Dean of Faculty at Aquinas in Grand Rapids, begins his work at Acton on July 30. “I am delighted to be joining the Acton Institute and am eager to connect others to Acton’s inspiring and life changing ideas,” Barrows said. “Having benefited from the Acton Institute’s programming and seen its impact...
Bolsonaro’s first 6 months
Jair Bolsonaro pleted his first 6 months as the president of Brazil. After nearly being killed by a socialist militant during his campaign and a surprising victory in the 2018 elections, the conservative politician has, against the odds, plished what few people could have imagined. In fact, a year ago, few were those who could have predicted Bolsonaro’s presidency. Nonetheless, Bolsonaro faces a troubled political scenario, an inheritance left by 14 years of leftist government. Bolsonaro has, so far, kept...
Why should Christians support free markets?
One of the abiding joys of working at a think tank like the Acton Institute is that interesting people are always asking you big questions. I was recently asked, “Why should Christians support free markets?” The question is large, interesting, and necessitates the answering of a more basic question first, “Why should Christians be interested in economics?” Adam Smith, and his many antecedents, began crafting the analytical tools which we e to call economics in response to phenomena which they...
Is there such a thing as ‘good nationalism’?
In the world of Brexit, Trump, Marine Le Pen, Viktor Orbán and all the rest, “nationalism” has e all too frequent a topic. In the 20th century the term became associated with fascism (the word es from “national,” after all), but the story of nationalism goes back much farther than Nazism and isn’t nearly so one-sided a concept as it’s often made out to be. Does nationalism necessarily lead to aggression and prejudice? If I may start with a platitude,...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved