Culture has been a relatively understudied subject within economics. Economists who have studied it often conceive culture as a form of capital, treating it as a set of tools or a resource that certain groups possess and other groups do not. Austrian economics, in contrast, is a science of human...

A community’s capacity for self-governance depends on the social coordination capacity of community organizations and associations, the ability of community members to effectively access both bonding and bridging social capital, the ability of community members to leverage their shared...