I spend a lot of time thinking about metaphors. It may not sound like the work of an economist, but if you want to build a political economy that people can believe in, you have to. Because economics, and most especially political economy, is not mathematics, or physics, or even history. It is a story about how we live together, told in a language that only makes sense if the metaphors underpinning it feel true. And that is where the trouble begins, as the interpretation some put on yesterday's essay on Darwin showed.
The interpretation I discussed was not of what Darwin literally said, and I presumed that was clear. It was, instead, of the metaphor that Darwin created in the way that most people understand it. That, after all, is what the metaphor is. Then I interpreted the political economic interpretation of that commonly understood metaphor within neoliberal thinking that has embraced Darwin in its simplest form - suggesting, as a result, that there is greater return to the fittest, who are then equated with those who make the largest economic returns in society.
By doing so, neoliberal economics has produced from Darwin's thinking one of the mechanical metaphors that it has used to build narratives. Mainstream economics has, after all, been built on a series of metaphors so powerful that they have come to seem natural. The market is a “mechanism”. The economy is a “machine”. Money “flows” through it like oil through an engine. Prices “adjust” to achieve “equilibrium”, as if human beings were particles obeying physical laws. We even talk about “the invisible hand”, as though the economy were guided by a supernatural force that we must not question. Survival of the "fittest" slips very easily into such themes as justification in itself for the outcomes of market processes.
These metaphors have done more to shape our politics than any technical model ever has. They make us think that economies can be “overheated” or “cooled down” with fiscal and monetary “levers”. They make us believe that governments “run out” of money like households do. They give us comfort in pretending that complexity can be controlled by a few well-chosen dials in the Treasury or the Bank of England.
But the economy is not a machine. It is a living, breathing, messy system of relationships that is full of power, fear, hope, and contradiction. And when you build your political story on a mechanical metaphor, you remove the people from it. You make care invisible. You erase conflict. You make inequality sound like the natural outcome of efficiency rather than the consequence of design. And you make "fittest" the indicator of a reward system.
I have tried, and am still trying, to find better metaphors. In my quantum economics writing I have drawn on physics, on biology, and on systems theory, always looking for a way to describe the economy that captures its entanglement, its uncertainty, and its living nature. I talk about energy, about flow, and about feedback. But each of those metaphors has limits, too. Biology implies survival of the fittest. Physics can sound deterministic. Systems theory can seem abstract. Every metaphor seeks to illuminate one truth while taking the risk of hiding another.
The challenge is that political persuasion requires metaphor. Without it, you cannot communicate meaningfully. People do not live inside equations. They live inside stories. So I find myself in a constant tension: how to use metaphor to make the economy comprehensible without being captured by it; how to use it to open minds rather than close them.
That, to me, is the real work of political economy. It's not just describing how things are, but finding the language through which people can imagine how they might be different. To do that, we need metaphors that centre humanity, care, and interdependence. We need to talk about the economy as an ecosystem, and not as an engine; as a community, and not as a competition.
But that is hard. It takes effort to resist the mechanical metaphors that have been drilled into us since the first economics lesson we attended. It takes courage to tell stories that admit uncertainty, ambiguity and emotion. It means rebuilding the language of economics from the ground up, and doing so in ways that invite people in, rather than shutting them out.
That, in the end, is what I am trying to do on this blog. It is not just about the facts or the data. It is about reclaiming the story. Because whoever controls the metaphors controls the meaning, and whoever controls the meaning controls the politics. And I, for one, am not willing to leave that control in the hands of those who think an economy is just a machine to be fine-tuned, when it is, in truth, a society that we must learn to care for, which must have better songs to sing.
And if you want to know where the last line comes from, it's from this clip from the film Educating Rita:
Although not labelled as being in the quantum essays series, I think this post does fit into it. These are others in that series:
Other essays in this series:
- The Quantum Economics series (this link opens a tab with them all in it)
- The Quantum Essays: Observing and Engaging
- The Quantum Essays: Quantum MMT: The wave function of sovereign spending
- The Quantum Essays: Is equilibrium only possible in death?
- The Quantum essays: Economics, the Big Bang and Rachel Reeves
- The Quantum Essays: Quantum economics, discounting, and the cost of inaction
- The Quantum Essays: Schrödinger, entropy, equilibrium, and the lessons for society
- The Quantum Essays: The meaning of life, negentropy, and the politics of staying alive
- The Quantum Essays: Democracy as negentropy: why fascism is the politics of death
- The Quantum Essays: Where are the checks on entropy in the US system now?
- The Quantum Essays: Where are the checks on entropy in the UK system now?
- The Quantum Essays: The quantum difference between work and speculation
- Quantum(ish) Essay: What if Darwin was wrong? The case for the survival of the wisest
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I have struggled to engage with these essays. I understand the need to challenge the existing framing – and there are several grounds of people who are working on alternatives to neoliberal economics – but I just don’t see that it helps to substitute one set of misleading metaphors from physics or biology for another set. Others have found them thought provoking so perhaps that is enough.
First, if some find these essay helpful that is enough.
Second, no way of thinking or explanation works for anyone. Neurodiversity makes that clear. We should not even seek uniformity – because it is a false goal and prevents progress.
Third, what is failing in physics and biology? I am intrigued by your suggestion that we might be using misleading or false metaphors there.
Agree with the central thrust.
“It takes courage to tell stories that admit uncertainty, ambiguity and emotion. It means rebuilding the language of economics from the ground up, and doing so in ways that invite people in, rather than shutting them out.”
Economics is very heavy on maths, I suppose it gives comfort to economists that hope to develop some sort of deterministic ultimate model of economic reality. This has allowed them to pretend there is something of substance “behind the curtain” – but as Trajan et al discovered – there is nowt. So I agree, we need stories, narratives that have meaning to people & which can counter the nonesense. Unfortunately the nonesense has been going on for a long time, not helped (broken record starts) by journalists who for the most part are economically illiterate. In this area, I do not sense much change.
Question: following the end of Bretton Woods in the early 1970s, did nobody ask/ponder on how the political economy would/could change given the emergence of fiat currencies & floating exchange rates. I ask because it seems that the Callahgan gov’ was utterly clueless.
Much to agree with
And economics went wildly wrong in the 70s by not asking the right questions.
“There must be a better song to sing”. Keep singing, please.
Metaphors are an essential part of storytelling and we live our lives by the stories we create and tell. They are incredibly powerful. This short video demonstrates how we can envision economics as the way we manage the planetary household instead of the myopic and simplistic way Rachel Reeves etc try to portray it. The household metaphor told in two very different ways. One is a pathway to nowhere (entropy) and the other acknowledges that we live on a planet abundant with life that must be front and centre of any sort of sustainable future. https://www.youtube.com/watch?v=ME-GfnaDFFI
Thanks