Who else sees the idea of "free markets" like a scientist? Not as a conjured-up "invisible force" but a simplified, domain-specific MODEL.
I tend to see abstract patterns on a bigger scale; the natural and social systems are fundamentally intertwined! The whole idea of the "free-market" is nothing more than a logical extension of evolutionary theory...a simplified cognitive framework based on the empirically derived scientific principles of the natural world.
If a species lacks biological/genetic diversity and by extension reproductive novelty, then it CANNOT evolve nor adapt to a changing environment. So goes an unwieldy government that attempts to CONTROL an economy with static laws and strict conventions created for a "present time" that is merely a fleeting illusion.
This is the "natural" way for me to reason about and justify "free-market ideals". While I haven't taken the time to study much Austrian literature in-depth, such as Mises or Hayek, I was under the impression that this idea of spontaneous order within complex systems is the overriding theme. Is that a fair assumption?
Does anyone else see it this way? Is this a "good" way to explain the free-market aspects of Libertarianism to the uninitiated? Or am I just appealing to my own scientific predilections?
It seems so natural and obvious to me...in fact I "derived" these conclusions about the economy largely on my own while waking up to how the world works in my 20s. Only after getting introduced to libertarianism and Austrian economics, did I realize that others saw it that way too. I just wanna know if the "parallels" to nature are as obvious to everyone else.
Posted Nov 3, 2010, 3:35 PM UTC