The foundations of political economy -- from Adam Smith to the Austrian school of economics, to contemporary research in public choice and institutional analysis -- are sturdy and well established, but far from calcified. On the contrary, the boundaries of the research built on this foundation are ever expanding. One approach to political economy that has gained considerable traction in recent years combines the insights and methods of three distinct but related subfields within economics and political science: the Austrian, Virginia and Bloomington schools of political economy. The vision of this book series is to capitalize on the intellectual gains from the interactions between these approaches in order to both feed the growing interest in this approach and advance social scientists' understanding of economy, polity, and society.This series seeks to publish works that combine the Austrian school's insights on knowledge, the Virginia school's insights into incentives in non-market contexts, and the Bloomington school's multiple methods, real-world approach to institutional design as a powerful tool for understanding social behaviour in a diversity of contexts. This series is published in partnership with the Mercatus Center, George Mason University. Series Editors: Virgil Storr and Jayme Lemke Advisory Board: Paul Dragos Aligica, Mercatus Center, George Mason University, , Peter J. Boettke, George Mason University, , Christopher Coyne, George Mason University, , Monica De Zelaya, Universidad Francisco Marroquín, , Erwin Dekker, Erasmus University Rotterdam, , Stefanie Haeffele-Balch, Mercatus Center at George Mason University, , Jacob Levy, McGill University, , Paul Lewis, Kings' College London, , Deirdre McCloskey, University of Illinois at Chicago, , Michael Munger, Duke University, , David Schmidtz, University of Arizona, , Rob Shields, University of Alberta Edmonton, , Richard Wilk, Indiana University Bloomington.