Money & What It Can't Measure · Episode 7 · 25-min read

What is it for?

Transcript · audio coming

Suppose someone owed you an apology. A real one — they had done something, they knew it, you both knew it, and it had sat between you for weeks.

And then it came, and it was well made. Every word in its place. It named exactly what they had done. It described how it must have felt to be on the receiving end. It made no excuses, and it asked for nothing in return. Line by line, it was the best apology you had ever received.

And it was worse than no apology at all — because you found out they had not written it. They had paid for it. There is a service for this now; there is always a service now. You tell it what you did, and it returns the words, polished and sincere-sounding, ready to send. The moment you knew that, the apology was worth nothing to you. Not because the words were wrong. The words were faultless. It failed because an apology was never only its words.

Consider what has happened here, because it is stranger than it first appears. The product was faultless. By every measure you could apply to it — accuracy, warmth, completeness, the cost of producing it — the bought apology is better than the awkward, halting, half-right one your friend might have managed alone. If an apology is a good, and the worth of a good is simply how good it is, then the purchased one is plainly the better one. And yet it is worth nothing, while the halting one would have been worth a great deal. The money did not buy a worse apology. It bought something that looks exactly like an apology and is not one — because the point of an apology is that the person means it, and paying someone else to produce it is precisely a refusal to mean it. The buying is the not-meaning. The act defeats its own purpose in the doing of it.

This is Philosophy for Us — philosophy for everyone, no degree required.

This is the seventh of eight episodes, on money and what it can't measure. Last week we turned to examine the measure itself. We took the assumption every side in this argument had been relying on — that money is a neutral measure of value, and that a price simply reads off a worth already sitting in the thing — and we found that it has a history. It is not arithmetic. It is a way of seeing, learned, with a history — one of three ways human beings have always dealt with one another, enlarged until it looked like the only one. We deliberately removed the common ground the whole dispute had stood on, and left no neutral position to argue from.

Tonight we take up the question that removal makes possible. There is a question the neutral-measure picture could not even ask, and now that the picture is set aside, we can ask it. Not what is money. This one: what is a good for — such that putting a price on it could deform it at all? The bought apology is that question in miniature. By the end you will see why the bought apology fails — and then see that even this cannot be fully proved, because a serious position holds that the failure was never in the apology at all. It was in us.

Begin with why this question is so hard even to hear. For most of your life you have carried a picture of value so deep that you never noticed it, and last week we finally brought it into view. On that picture, the worth of a thing is simply how much someone wants it. Value is preference. A thing is good because it is preferred, and better the more it is preferred, and that is the whole of it. It is a clean picture. It runs the entire economy. And it has no room for one question: what is this thing for?

On the preference picture a thing is not for anything. It is merely wanted, or not. Ask what a diamond is for, and the honest answer within that frame is: for whatever you want it for — a ring, a drill bit, a wager, a paperweight. The diamond has no purpose of its own; it has only the uses people put it to. And if that holds for everything, then there is no such thing as deforming a good — because to deform something you need an idea of what it was meant to be, and the preference picture discarded that idea. A good can be cheaper or dearer, wanted more or wanted less. It cannot be corrupted, because there is nothing it was for to corrupt.

This is the central claim, the one everything tonight rests on. Your recoil — at the bought apology, at the sold kidney, at the sold vote — cannot even be stated in the language you came in with. The preference picture is not winning the argument against your recoil. The situation is worse than that: it cannot hear the recoil as an argument at all. To it, "you should not sell that" means only "I would rather you did not" — one more preference among the rest. To say something stronger — that the bought apology genuinely is not an apology, not merely one you happen to dislike — you need a different language. An older one. Recovering it is the main work of tonight.

The older idea comes from Aristotle, long before markets looked anything like ours. He noticed something the preference picture forgets: many things have a characteristic activity — something they do that makes them the thing they are. His word is usually translated as function, but do not hear function as something dry or mechanical; hear it as the thing it is for. An eye is for seeing. That is not my preference about eyes; it is what an eye is. A knife is for cutting. And once you can say what a thing is for, you can say something the preference picture never could: you can say what a good one is. A good eye sees well. A good knife cuts well. The good of a thing is its characteristic activity, performed well.

Most of the time this is unremarkable, because no one is tempted to deny it about knives and eyes. But consider what it does the moment you turn it on the cases that have troubled you all series. Take the one Aristotle himself gave two whole books to: friendship. He held — and you have half-known this all your life without the words for it — that there is not one thing called friendship. There are three. There is the friend who is useful to you: your contact, the person who knows someone. There is the friend who is pleasant: good company, enjoyable to be around. And there is the friend you love for who they are, where you want good things for them for their own sake, not for what they do for you. Aristotle is blunt about the first two: they are friendships only in a loose, secondary sense. And here is the line worth pausing on, given where we have been. He says the friendship of use dissolves the moment the use runs out. When you stop being useful to each other, the thing is simply over, because the usefulness was the thing.

Now set the paid friend from a few weeks ago beside that. A friend you pay is not even a friendship of use in Aristotle's sense; it is barer than that. It is a friendship of use in which the use has been named, priced, and written into a contract. The reason it feels like not a friend is not squeamishness, and not mere convention. It is that friendship, in the full sense, the third kind, is for loving someone for their own sake, and the one thing money cannot buy is someone loving you for your own sake rather than for the money. Buy it and you get the same outward shape — the showing up, the listening, the "I'm proud of you" — with the thing it was for removed. Exactly as with the apology. The form intact; the thing itself gone.

So here is the question to carry tonight. Of any good under pressure, ask: what is it for — what is the characteristic activity, the thing that makes it the thing it is — and then ask whether a price leaves that activity intact or empties it out. Sometimes a price leaves it untouched. A loaf of bread is for eating; sell it and it is still perfectly for eating; the baker's wage never reached the bread. But sometimes — the apology, the friend, the vote — what the thing is for turns out to be the very thing that paying for it destroys, in the way that buying the apology is the refusal to mean it. That is not a feeling. It is a claim about what the good is. And you can finally make it.

So we have a question — what is a thing for — and one vivid case where pricing destroys the for. But one case is not a theory. You need a way to tell, in general, which goods are the kind a price empties out and which it leaves alone; otherwise you are back to pointing at things and feeling a refusal. The person who supplies that, more than anyone, is the philosopher Alasdair MacIntyre, in his 1981 book After Virtue.

MacIntyre asks you to consider what he calls a practice. Do not let the ordinary word mislead you; he means something precise. A practice is any rich, established, cooperative human activity with its own standards of doing it well — chess, medicine, farming, building, raising a child, playing music. And what he sees is that every practice has two quite different kinds of good bound up in it, and much depends on not confusing them.

There are what he calls external goods: money, status, prestige, winning. He calls them external because they are only ever attached to the activity — you could get the same money or fame in a hundred other ways — and because once you have them they are yours, they accumulate to you, and the more one person holds the less there is for anyone else. Then there are internal goods, and these are the harder ones to describe. They are the goods you can get only by doing the thing itself, on its own terms; you cannot get them any other way, and you cannot even recognise them unless you have done the thing. The particular satisfaction of making one true sentence. The understanding a doctor holds of a living body. What passes between two people who have genuinely been friends for thirty years. You cannot buy these. Not because there is a rule against it, but because they exist only inside the activity done for its own sake, and the moment you are in it only for the money, the internal good is not being produced at all. You are going through the external motions of a thing whose interior is no longer there.

And here is the general principle you were missing. MacIntyre says the danger is always the same, in every practice and every age: the external goods can drive out the internal ones. Money and status are real, and you need them — the musician has to eat, the doctor has rent — so practices live inside institutions that deal in external goods. But let the external good become the point — play the music for the fame, treat the patient for the fee, keep the man as a friend for what he can do for you — and the internal good is not merely diminished. It stops existing. The form carries on. The thing the form was for is gone.

That is the grounding you were after. That is the answer this whole series kept failing to reach: which goods, and why. The goods a price deforms are those whose real worth is an internal good — a worth that exists only when the thing is done for its own sake, in the relationship or the practice that produces it. Pricing those does not lower their quality. It substitutes an external good for the internal one and hands you the form alone. Now go down the row of cases and watch them line up. The apology: its internal good is one person genuinely taking the weight of a wrong onto themselves; buy it and you have the external form, the words and the delivery, and none of the taking-on. The vote: a few weeks ago you saw that buying a vote does not buy a voice, it abolishes one. Now you can say why. A vote's internal good is a citizen actually exercising their own judgment about how we should live together; the whole of what it is for is that the judgment is theirs. Sell it, and no judgment is being exercised; there is only a hand moved by a wallet. The body, in the parts that make us recoil: a person turned into a source of spare components is a person valued purely for external use, in the way you would value a bin of parts — when what a person is for, if the word fits at all, is to be an end and never only a means.

So the recoil has developed all the way into a claim. In the first week it was a flat, wordless refusal. Then it was a feeling you could not defend. Then it was a meaning some philosopher said a good carries. Tonight it is a clear, sayable claim with a test attached: a good is deformed by pricing when its real worth is internal — producible only by doing the thing for its own sake — and a price replaces that with the external good and leaves you the empty form. You came in flinching. You leave able to say precisely what the flinch was tracking.

And if I stopped here, I would be leaving you with something satisfying and false. Everything I have just handed you has a flaw in it — a flaw wide enough for the entire opposing argument to pass straight through — and it would be wrong to send you off without it. So let me take the case apart.

Here is the flaw. Every time I said "what a thing is for," I assumed something I never established: that there is a fact about what it is for. That the apology, the friend, the vote each come with a purpose built into them, fixed, the way an eye comes with seeing — a purpose you can be right or wrong about. And the question that brings the whole structure down is four words long: who fixes the for?

There are two quite different things "what a thing is for" could mean, and I moved between them all night. It could mean a fact about the good itself — its purpose written into its nature, true whether or not anyone agrees, the way it is true that an eye is for seeing no matter what I would prefer. Or it could mean what we have collectively decided to treat it as for — a meaning we attached, that took hold, that we could in principle detach and attach elsewhere. Everything I gave you in the last twenty minutes works only on the first reading. Because if a good's "for" is only a meaning we agreed on, then it has exactly the history we found last week — and a thing with a history can be revised.

You met the people who hold precisely this two weeks ago, and I said they would return. Jason Brennan and Peter Jaworski. Their case is aimed at the exact place I have just built on. They say: of course there is a meaning attached to a paid apology, a paid friend, a paid vote — we do not deny that you feel it. What we deny is that it lives in the good. It lives in us; it is a social convention, a piece of cultural meaning — and the proof is that it varies. You have already heard the paid mourners and the matchmakers — honourable in one place, an insult in the next; add the wet-nurse, who sold the most bodily care a person can give and was, for centuries, simply staff. If the "for" of these goods were fixed in their nature, it could not vary from culture to culture like this. It varies because it is ours. And here is the consequence: if the meaning is ours, then when a sale appears to ruin a good, the honest response is not to forbid the desperate their best option — it is to change the meaning. The recoil is not a discovery you are obeying. It is a custom you could outgrow.

I cannot refute that. I have tried, in front of you, for weeks. And the place where it stops being abstract — the place where it should cost you something — is a real person you are not entitled to wave away. Consider the surrogate: a woman carrying a pregnancy for money, who tells you, to your face, that you have understood her wrongly. My gestation is not sacred to me, she says. I am not degraded. You look at my body and see something I am defiling; I look at it and see nine months of hard, skilled, well-paid work that I am willing to do, as I would do any other hard job — and your recoil is not protecting me. It is overruling me. It takes the best-paid work available to me and calls it beneath my dignity — a dignity you defined and I never agreed to.

Now the difficulty closes from both sides. The purpose answer — the one I just gave you — has to say to her face that she is wrong about her own act. It has to insist there is a fact about what gestation is for that she, the person actually doing it, does not have the final say over. And the moment you say that, notice what you have become. You are the person with the comfortable life, telling the woman with the hard choices that you understand the meaning of her own body better than she does. The purpose picture, which began as the rescue of the recoil, becomes in your hands something that can override people — that can take a real person's considered account of her own life and overrule it with a purpose she never accepted. Who fixes the for? If she does not, who does? You? I? Aristotle, dead for centuries? A tradition — and whose? The same tradition, remember, that for most of history was quite certain a woman's body was for her husband and her sons.

So this is the genuine bind, and I will not pretend my way out of it. There are two options, and each has a cost. The first: drop the purpose account, grant that a good's "for" is only ever a convention — and you have handed Brennan and Jaworski everything. The apology is only words after all; the friend, only a service; and your deepest recoil, a prejudice that could pass. The second: keep the purpose account, insist that some goods really are for something fixed — and you have equipped yourself to tell living, choosing people that you know the meaning of their own lives better than they do. Both of these are real philosophical positions, held by serious people, in print, now. Neither has defeated the other. And you are caught between them, with a recoil you still feel and still cannot fully ground.

Now you try one.

Here is the case. Not the kidney or the vote — you have positions on those already. Something smaller, where you have none. Your closest friend is getting married and asks you to give the toast. You are honoured, and you are overloaded — work, children, no time — so you pay a professional. You hand over the stories; they write something genuinely fine, funnier and truer than anything you would have managed; and on the night you stand and read it, and the room is in tears, and your friend embraces you and says it was perfect. No one knows. Was anything lost?

Do not let me answer. Work it yourself, through both questions. First question: what is the toast for? Second question, the one Brennan and Jaworski keep open: is "you have to write it yourself" really in the nature of a toast, or only our custom? Work both before I say anything.

Here is my reading; hold it against yours. On the first question: the toast is not for producing fine sentences in a room — if it were, the bought one wins outright and your unease makes no sense. It is for something nearer to this: that this particular person, who has known you half your life, stands up and spends their own effort to say what you have meant to them. The internal good is your regard, expressed in your own labour. The bought toast keeps the external form — the laughter, the tears — and the interior is empty, the same emptiness as the apology. So on the first question the purpose argument has its firmest application, and your unease has a reason.

But work the second question and it becomes unsteady — and if you skip this you have learned nothing tonight. Speechwriters are ancient and respectable. Every leader you have heard move a nation to tears was reading another person's words, and you do not feel cheated. Ghost-written memoirs; the love letter your grandfather copied out of a book; the sympathy cards we buy with the verse already printed, because someone put it better than we could — we pay people to lend us words for our deepest occasions all the time, and mostly we do not recoil at all. So perhaps "you have to write it yourself" is not a law about toasts. Perhaps it is a convention — a fairly recent, fairly local one — and your unease is you meeting a custom, not discovering a truth. So which question gives the right answer? You can work it all the way down and it does not resolve. You have a real reason the bought toast seems empty, and a real reason that reason may be only a custom, and no neutral ground from which to settle it. That is not you failing the exercise. That is the exercise. It is exactly where the most serious thinkers on the question are stuck as well.

And two of them are stuck in ways worth hearing before we close, because each refuses the choice I have been forcing on you. The first is Margaret Jane Radin, in her 1996 book Contested Commodities. She asks: why assume a good has to be one thing? Perhaps the surrogate is right and the person who recoils is right. Perhaps gestation is both — real labour she may sell, and not merely labour — held as two things at once; and the demand that she choose, that we file it under "sacred" or under "for sale," is itself the error. Most of the goods that trouble us, she says, we actually live in this double way: a home is shelter you buy and the place your whole life happened; a wage is a price on your hours and nowhere near the whole truth about your work. The honest description is not a line between the priced and the unpriced. It is a good carrying a double character without collapsing to either side — and the violence is in the demand that it collapse. She calls this incomplete commodification.

The second is Debra Satz, in her 2010 book Why Some Things Should Not Be for Sale. She sets aside the entire frame I have been arguing within all night. She says: you have all been preoccupied with meaning. Stop examining the metaphysics of the good and look at the people standing in the deal. What is actually wrong with a kidney market, or a desperate surrogacy contract, may have nothing to do with a deformed purpose at all. It is power. It is that one party is so poor, so cornered, so unequal in standing, that "willing" stops meaning very much — and that markets in certain goods harden that inequality, turning the desperate into a standing supply of organs for the comfortable. On her account you could grant Brennan and Jaworski the whole argument about meaning — say the recoil is only convention, fine — and still block the market: not because the kidney is sacred, but because the deal runs on a desperation no decent society should be profiting from. Hers is a real and separate position. And it costs you something. It suggests that the entire purpose argument we just built may be a distraction — a comfortable thing to think about, so that you never have to look at the power. She calls markets of this kind noxious markets.

So that is the full set of positions, now on the table.

So you leave with two things that do not sit easily together — what you have gained tonight, and what tonight will not let you walk out believing — and you have to carry them both.

What you have that you did not an hour ago is considerable. You came into this series with a flat refusal you could not defend, and a suspicion that it might be only squeamishness. You leave with the deepest question under the whole dispute, and a real means of asking it. Not how much market — that was always the shallow version, the one that hides the real question by treating it as a dial to be turned. This one: what is a good for — what is the activity that makes it the thing it is — and does a price leave that intact, or empty it out? You can ask that now. You asked it tonight, on a wedding toast, on your own. You know to look for the internal good — the worth that exists only when the thing is done for its own sake — and to notice when a price trades it out for the external form. That is not nothing. That is the difference between a feeling and a thought.

And what you cannot claim, and I have to be plain about this, because it is exactly the prize you are reaching for now: you did not prove the recoil right tonight. You gave it a grounding — and you exposed a flaw in that grounding, in the same hour, with the same argument. Because the purpose picture that finally let you say what was wrong with the bought apology is the very same picture that, turned slightly, lets a comfortable person overrule a surrogate about the meaning of her own body. Who fixes the for is not a clever objection dropped in to seem fair. It is the flaw at the centre of the case you were leaning on — and Brennan and Jaworski are lodged in it, and so is that woman telling you that you have understood her wrongly, and I cannot remove them.

So look honestly at where this leaves you. Five serious positions now stand — the economist, the purpose argument, Brennan and Jaworski, Radin, Satz — and not one of them can defeat the others. Each of them can say something the others cannot. None of them can answer the others' hardest question. There is no view above this from which it all resolves. I have spent longer on this problem than you have, and I will tell you plainly: I do not know which goods are the kind that pricing destroys, or whether "the kind" is in the good at all or only in us.

We have taken the question as far as the argument goes — what a thing is for, and who gets to say. And all series we have asked it about things out there. The kidney. The vote. The stranger's friendship. The surrogate's nine months. Safely about other people, other markets, other bodies.

Next week is the last week, and I turn the question around. Because the uncomfortable point this series has been moving towards is that you are not a spectator at this market. You have been pricing things your whole life, quietly, without ever deciding to. And the question we just ran on a wedding toast, I am going to ask you to run on your own life, where it costs something. Not should kidneys be for sale; that was never really your question. Yours is closer to home, and you have been avoiding it, and next week we stop avoiding it.

For tonight, do not carry an answer — you do not have one, and neither do I. Carry the question. What is this thing for? And then the harder one, the one with nothing beneath it: do I actually know — or am I about to find out, the expensive way, that some things hand you nothing but the empty form?

Thanks for listening. I'll see you next time.

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