Unleash the Mind: An Intelligent Design Approach to Economics
|October 7, 2012||Posted by johnnyb under Intelligent Design|
George Gilder has a new article up at National Review titled Unleash the Mind, which, though it never mentions Intelligent Design, is an direct application of ID thought to economics. In fact, for those more interested in technical definitions for what Gilder calls “surprise” and “creativity”, you might check out my talk on modeling non-materialistic representations of the mind at the Engineering and Metaphysics conference earlier this year.
Anyway, I’ll leave you all to read the article, but here are a few interesting quotes:
Increasing revenues come not from a mere scheme of carrots and sticks but from the development and application of productive knowledge
With fewer resources diverted to government bureaucracy, they can conduct more undetermined experiments, test more falsifiable hypotheses, try more business plans, generate more productive knowledge
Business investments bring both a financial and an epistemic yield. Capitalism catalytically joins the two. Capitalist economies grow because they award wealth to its creators, who have already proven that they can increase it. Their proof was always the service of others rather than themselves.
In short, wealth is created from ideas and morality – both non-material things. The growth of ideas comes from both having people have ideas, and giving people ways of testing them. The people generate the ideas, the businesses test them, and capitalism welds together the epistemology of scientific testing with financial gain, so that those successfully creating wealth are given the means to do more.
Gilder critiques both social policies and business practices that ignore the immaterial aspects of what is happening. Socialists, for instance, think that by more fairly distributing money they can bring social justice. But that misunderstands what wealth itself even is – thinking it is a physical thing rather than an immaterial thing.
Similarly, businesses make this same mistake when they think they can purchase their way into a market without taking time to understand the market. In other words, they mistake the material aspect of the market (the pure market share) with the immaterial aspect of the market (knowledge of the market’s intricacies).
The article is well worth your time. Read it here.