On this episode, Chris Coyne speaks with Michael Romero, Mikayla Novak, and Anna Claire Flowers about the enduring influence of Kenneth Boulding on how we understand peace and cooperation.

Romero discusses his paper “Markets as a Peace Lab,” coauthored with Virgil Storr, which explains how markets act as spaces where individuals cultivate trust, empathy, and peaceful exchange. Novak joins to discuss her paper “Kenneth Boulding’s The Image: A Cognitive Basis for Peace Entrepreneurship,” connecting Boulding’s insights on human cognition to the creative work of fostering peace. In the final part of the episode, Coyne and Flowers reflect on their coauthored paper “The Family and the Stable Peace,” highlighting how the family serves as a training ground for the habits and relationships that sustain cooperation. Together, these conversations show how Boulding’s vision of peace continues to shape research on economics, society, and human flourishing.

This is the second episode in a short series of episodes that will feature a collection of authors who contributed to the volume 1, issue 2 of the Markets & Society Journal or to a forthcoming special issue from The Review of Austrian Economics.

Dr. Michael R. Romero is Professor of Economics and Business at Thales College. Previously, he was an associate program director for Academic & Student Programs and a Research Fellow for the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University. He is an alum of the Mercatus PhD Fellowship.

Dr. Mikayla Novak is a Senior Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics and Economics at the Mercatus Center at George Mason University. She is a contributing editorial board member of Cosmos + Taxis and recently was the editor of Liberal Emancipation: Explorations in Political and Social Economy (Springer Nature, 2025).

Anna Claire Flowers is a PhD student in Economics at George Mason University and is currently a fellow in the Mercatus PhD Fellowship. Her research interests include family economics, in particular the economic significance of family relationships and the economic factors that influence family decision-making.

Show Notes:

• Kenneth Boulding’s book, Stable Peace (University of Texas Press, 1978)
• Kenneth Boulding’s book, The Image: Knowledge in Life and Society (University of Michigan Press, 1956).
• Elise Boulding’s book, Cultures of Peace (Syracuse University Press, 2000)
• Learning for Peace Initiative | United Nations Children’s Fund
• The Review of Austrian Economics
• F.A. Hayek’s book, The Sensory Order: An Inquiry into the Foundations of Theoretical Psychology (The University of Chicago Press, 1952)
• Gerald P. O’Driscoll and Mario Rizzo’s book, The Economics of Time and Ignorance (Routledge, 1996)
• Israel Kirzner’s book, The Meaning of the Market Process: Essays in the Development of Modern Austrian Economics (Routledge, 1992)

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