The contents of this post are adapted from e-mail correspondence with an acquaintance.
To give some context, this e-mail was prompted by a friend who made the point that our (by then) lengthy discussion on theoretical economic and political concepts was not a productive use of time and was little more than mental masturbation. In replying to this insistence (and attempting to refute more of what I saw as fallacious arguments), I tried to plead the case for caring about stuff like economic or political theory, esoteric or otherwise.
I wanted to make the case that these ideas had real, practical validity in our everyday lives, not just in the narrow halls of academia or someplace equally arbitrary and detached from the real world of everyday issues:
On the contrary, I believe these discussions can always be a constructive use of time if they lead one or both parties closer to an understanding of the truth on a given issue. I don’t know if Mises was the first to say it, and certainly he wasn’t the only one because Ayn Rand articulated a similar philosophy, but he had a slogan, “Ideas move society.” Over time, the structure of production and the political system overarching any society will come to be informed by the prevalent ideas held by its individual members.
In a grand and very real sense, every erroneous idea we hold takes us a little bit further from a harmonious, progressing, civilized society, while every truthful idea we hold takes us a little bit closer. This is not a matter of elegant armchair theory but of cold, hard, factual reality and it is all a consequence of Mises’s famous dictim, “Man acts.”
Every man acts, this is an inescapable fact of life. But what every man acts upon, well, that is informed by the ideas he holds and the values he determines to be worth pursuing.
We live in a time of gross ignorance of many simple truths, among the bitterest of which happen to be economic laws of cause and effect. Unfortunately, we also live with the consequences of this ignorance. It is not our duty in a universal, cosmic sense, but it is our obligation in a means-end sense, that if we wish to push back this tide of ignorance and live our lives on the dry-land of reason, we must fight it with sea walls of truth, not attempt to gather it up in fishermen’s nets of half-truth, pseudo-reason and arbitrary preference. Only consistent, logically-sound ideas can replace the fallacious if hope of progress is to be made, else you simply replace one flawed system with another.
I take a personal interest in the ideas of people who fascinate me because I think it is a natural implication to be curious about the beliefs and reasons of those I respect, and because in my own quest for truth and understanding I try to be ever vigilant that I may not have all the facts and perhaps someone can respectfully cross me on something I thought was true and show me why it is not. I am not content to simply say “My mind is made up” and carry on merrily when someone claims the truth is not my own.
This is why I have made an honest and sincere attempt to engage you on this subject and others in the past. I feel if you are to be my acquaintance and in some ways my friend, and if I am to respect your judgment in things, I must test you on these matters for the good of us both.
We all act, all day, every day. The actions we choose are based upon our values and our values are informed by our understanding of truth. Our understanding of truth, by shaping our values which inform which actions we take and when, has a direct, tangible bearing on the practical manner in which we live our lives.