"Why and How Do Social Relations Matter for Economic Lives?" with Viviana Zelizer

On this episode of the Hayek Program Podcast, Viviana Zelizer (Sociology, Princeton University) gives a public lecture to honor Elinor Ostrom in our first Ostrom Speaker Series lecture. Elinor Ostrom’s revolutionary challenge of standard economic arguments bears deep kinship with economic sociologists’ relational accounts of economic life. In this lecture, Zelizer traces economic sociology’s most recent efforts to construct alternative explanations for economic activities, focusing on a set of economic arrangements Zelizer calls “circuits of commerce.” Peter Boettke opens the event, offering his own brief recounting of Elinor Ostrom's life and work and introducing Zelizer.