Economists are often accused of practicing a “dismal science,” a discipline defined by the sober measurement of humanity’s limits: scarcity, zero-sum propositions, and inequality. But the old stereotype overlooks a more hopeful side of the science, one in which economists resemble moral philosophers.

Peter Boettke is among the foremost scholars of this latter brand of economics. He teaches at George Mason University, where he is the Director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center. A disciple of what is often called the Austrian school, Boettke has written about how a society organized by classical liberalism can lead to human flourishing. He discusses the intellectual history of this philosophy with host Steven Durlauf.