Introduction / Peter Boettke, Christopher Coyne, Virgil Storr -- Exploring and extending the theory of the market process -- Plato's economic genius / Nathan Sawarzky -- Beyond the efficiency of the market : Adam Smith on sympathy and the poor law / Brianne Wolf -- Why be robust? : the...

Prominent economic sociologist Richard Swedberg has argued that economists have failed to develop a theory of the market that recognizes it as a “social phenomenon in its own right.” While this may be true of mainstream economics, the Austrian school's theory of the market is much richer...

Critics of the market worry that as it expands the communal sphere declines. They also worry that the market encourages vice and has little or no scope for virtue. As I argue, however, the critics fail to realize that the market is a social space where commercial as well as social bonds are...