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Economics

Keynsian Creationism and Intelligently Design Economies

The mythology of effective Keynesian centralized economic planning is born of the same mother as the mythology of creationist intelligent design. Both of these fantasies arise as a result of the human mind’s inability to deal with complex systems.

The mythology of effective Keynesian centralized economic planning is born of the same mother as the mythology of creationist intelligent design.  Both of these fantasies arise as a result of the human mind’s inability to deal with complex systems.

Evolution and economics are just two forms of a larger phenomenon called complex adaptive systems, in which individual elements interact, process information and adapt their behavior to changing conditions. Immune systems, ecosystems, language, the law, and the Internet are other examples of complex adaptive systems.

Intuitively, it just seems impossible that millions of tiny economic actors just acting in their own interests could produce something as amazingly productive as the global economy.  Keynesians have a religious faith that our society’s unimaginable wealth must be a result of the conscious efforts of a top-down intelligent designer, the Federal Reserve, creating order in the chaos of the free market.

Just as creationists naturally deduce the existence of a top-down intelligent designer, Keynesians also infer that a top-down government designer is needed in nearly every aspect of the economy. However, in reality, complex living organisms are shaped from the bottom up by natural selection.  In the same way, our economy is molded from the bottom up by the invisible hand.

Businesses are formed by a confluence of random self-interested parties.  Those that happen to produce more value than they consume survive and proliferate.  Those that are not well suited for their business environment are removed from the commercial gene pool unless their presidential god intervenes.

By Mike P. Sinn

I have a dream of a cybernetic meadow where mammals and computers live together in mutually programming harmony like pure water touching clear sky.

I like to think of a cybernetic ecology where we are free of our suffering and all watched over by machines of loving grace.

If you'd like to help us abolish suffering, please email [email protected]