This paper compares and contrasts two schools of political economy: the Austrian School, prominent members of which include Friedrich Hayek and Ludwig von Mises; and the Bloomington School, which was founded by Elinor and Vincent Ostrom. It is argued that the two traditions share a good deal in...

The market is a tool. It is a social machine that links prospective buyers with prospective sellers. It is a social arena where prospective buyers compete with one another to secure the goods and services that they desire, and where prospective sellers compete with each other to attract...

Violent conflict is a global phenomenon with devastating costs to individuals and their communities. Government experts and policymakers have responded with efforts to reduce violence and make peace. Such efforts are often implemented from the top-down, however, and are consequently limited in...