The Fraser Institute is an economic think tank in Canada. In the September 2005 issue of its monthly magazine, Fraser Forum, it published a letter by Jack Boulogne encouraging economists to read moral philosophy, but discouraging them from reading Rand, on the ground that she defended selfishness as a virtue.
In the February 2006 issue of Fraser Forum, the Fraser Institute published a reply to Boulogne’s letter. In it, Freedom Party of Ontario leader Paul McKeever defends, Rand and Objectivism.
See both letters, below.
Source:
http://www.fraserinstitute.ca/shared/readm…?sNav=pb&id=821
Letter to the Editor
Mr. Jack Boulogne (Letter to the Editor, Fraser Forum, September 2005) recommends that economists learn to defend “market” or “laissez faire” economics on moral grounds, but that they not “bother reading Ayn Rand.” I cannot think of more harmful advice.
To begin with, economic research has not demonstrated the superiority of “the market” or “laissez faire,” per se. Even trade in a communist economy occurs in “the market.” A perfectly “laissez faire” system (i.e., one in which government played no role at all) would actually be an anarchistic one governed not by market forces but by brute forces. Let us be precise. The success of economics has actually been to demonstrate the superiority of capitalism: a system in which government defends each person’s exclusive control over the use of his own land, chattels, money, inventions, etc. (i.e., in which government defends property rights), and in which one can trade the use of one’s property for other property or for labour.
Ayn Rand’s philosophy, Objectivism, provided the first and only rational and logical moral defence of capitalism in human history. Objectivism is every capitalist economist’s greatest ally and most powerful intellectual weapon. Accordingly, Ayn Rand is the anti-capitalist’s most hated foe; the spread of her philosophy is his greatest fear; and the defamation of Rand, of her philosophy, and of those who espouse her philosophy, is his most pressing task.
In a nutshell, Rand’s philosophy defends capitalism as follows:
Metaphysics: The universe actually exists. It is not a product of your mind. Its qualities are not affected by what you merely think about them.
Epistemology: Unlike all other organisms, your sole means of knowing anything is by logical reasoning. Man cannot survive and thrive if no man chooses to think.
Ethics: Your own life is your highest moral value: your death is of no value to you. The pursuit of your own happiness is your highest moral purpose: the pursuit of self-sacrifice and suffering is anti-life. In your pursuit of happiness, rationality (which implies productivity) is your highest virtue: it would be vicious for you pursue your own happiness by forcing others to sacrifice.
Politics: Denied your physical liberty, you cannot survive by acting upon your thoughts. Denied the fruits of your productive activities, you will suffer or perish. Therefore, it is morally right to use physical force to defend your life, your liberty and your property.
Capitalism: Capitalism recognizes and defends reason as man’s sole means of survival. In a capitalist society, goods and services are distributed by consensual trade, not by physical coercion. Being a system in which coercive physical force is used only to defend each person’s life, liberty and property, capitalism is the only system compatible with human life.
If you want to understand the nature of anti-capitalist philosophies, take Mr. Boulogne’s advice and read any other philosophical works you can. But, if you want to know why capitalism is morally righteous, read Rand.
Sincerely,
Paul McKeever , BSc (Hons), MA, LLB
Employment Lawyer and Leader of
the Freedom Party of Ontario
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Source:
http://www.fraserinstitute.ca/admin/books/…s/Sept05ff.pdf#
Letter to the Editor
Morality & Economics
While the central problem of economics, here defined as the science of finding optimum methods to create goods and services, is essentially solved, a problem remains. Economists now generally recognize that “the market” is the path to prosperity and quality of life. Thankfully, the Marxist “economist” is an almost extinct species, but the stubborn problem that remains is how to persuade politicians and the general public that laissez-faire, grudgingly accepted as good for business and creating wealth, is also good for human life in general.
Pope John Paul II made a most remarkable statement a short time before he died. He said, and I paraphrase, “People are too concerned with making money and this is wrong. We should concern ourselves instead with the task of eliminating poverty.”
Since I am a philosopher and routinely examine statements for logical soundness, my mouth hung open with astonishment. How could such a wise and respected man say something so absurd? I expected to hear a roar of laughter right around the world. Instead nothing. No response. No editorial comment.
Here then we see the unsolved problem in a nutshell. People with some education are quite willing to accept “the market” as good for creating jobs and prosperity but a failure in moral terms. They see some fundamental clash between the morally good life and the materially good life. The Fraser Institute is devoted to the idea that freedom in economic matters, which is materially so productive, is also morally superior, but the task of communicating the idea is dauntingly difficult. Some economists have made things worse by talking about “value-free economics” which could be understood to mean that economists are people who care nothing about values, which include the so-called moral values. Moral values are things that have to do with matters of distributive justice, the moral repugnance we feel when we see the very rich living in proximity with the dismally poor, and the emptiness of being very rich and discovering that “there is more to life than mere wealth.”
To make a very long story very short, I recommend that economists take the formal study of moral philosophy more seriously, and not bother reading Ayn Rand, the very smart (once famous) author of Atlas Shrugged. After all, she spoke of the “virtue of selfishness,” and that is precisely the message that economists do not want to convey because it is precisely why the public is suspicious of laissez-faire economics. Selfishness is not a moral virtue, even though it is also true that unselfish people cause most of the world’s problems. To explain this enigmatic statement takes a great deal more time and space than is available here.
—Jack Boulogne
Jack Boulogne ([email protected]) is a retired physics teacher and a full time writer of books on moral reasoning. He has an MA in philosophy from the University of British Columbia. He has written a number of articles on philosophy for the Canadian Children’s Magazine and taught a high school ethics course for a number of years.
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Note from Little Big Man (i.e., not solicited by the Fraser Institute): Those who support the Fraser Insitute with a contribution of $100 or more annually automatically receive Fraser Forum magazine more or less monthly (I think there’s a winter double-issue for December-January). The articles are great: intellectual ammo. Support those who support freedom. Ultimately, they’re supporting you.