Monday, January 12, 2009

Evolution and Capitalism

Here is a fascinating article regarding the linkage between Darwin and Adam Smith. According to the essayist:

Ideas evolve by descent with modification, just as bodies do, and Darwin at least partly got this idea from economists, who got it from empirical philosophers. Locke and Newton begat Hume and Voltaire who begat Hutcheson and Smith who begat Malthus and Ricardo who begat Darwin and Wallace. Before Darwin, the supreme example of an undesigned system was Adam Smith’s economy, spontaneously self-ordered through the actions of individuals, rather than ordained by a monarch or a parliament. Where Darwin defenestrated God, Smith had defenestrated government...

Today, generally, Adam Smith is claimed by the Right, Darwin by the Left. In the American South and Midwest, where Smith’s individualist, libertarian, small-government philosophy is all the rage, Darwin is reviled for his contradiction of creation. Yet if the market needs no central planner, why should life need an intelligent designer? Conversely, in the average European biology laboratory you will find fervent believers in the individualist, emergent, decentralised properties of genomes who prefer dirigiste determinism to bring order to the economy.