Lawrence M. Ludlow, “Dante’s Divine Comedy and the Divine Origins of the Free Market”

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“We already are familiar with the Marxian social gospel that is so popular among many current theologians and their followers. In the verses I will cite, Dante himself voices an understanding of the marketplace that shares this erroneous communitarian view of economics. In particular, he describes his adherence to what is known among libertarians as the fallacy of zero-sum economics. Those who hold the zero-sum view claim that in a free marketplace, the gains of one participant are exactly balanced by the losses of another. If the total of the gains and losses are added up, the sum will be zero. In other words, if the sum total of all wealth were embodied in a single chocolate cake, one person’s share of cake would be another’s loss. Furthermore, the addition of each new market participant requires the slicing of thinner and thinner pieces of this cake. We libertarians, of course, despise this theory. If it were correct, the seven billion inhabitants of planet Earth would now be sharing and dividing infinitesimally small pieces of the very same chocolate cake that was first made available in the mists of Mexican pre-history. If such were true, I frankly wonder if there would be so much as a single calorie available to any of us – and very stale calories at that. Furthermore, the current spectacle of American obesity appears to belie this interpretation without my assistance.

“But as soon as Dante expresses his zero-sum analysis of marketplace economics, Virgil – who acts as Dante’s divinely appointed guide throughout his journey down into the Inferno and during his wonderful ascent of the Purgatorio – immediately upbraids him and provides the correct alternative, an unabashed free-market perspective. In Dante’s poem, this perspective is a reflection of the divine perspective of God. Let’s now examine the text itself.” [. . .]    –Lawrence M. Ludlow, Strike The Root, May 14, 2013.