Families seem structured almost entirely opposite to how we think about market economies. Do theories about human behavior in markets hold up when looking at family interactions?Steven Horwitz joins us to talk about his new book, Hayek’s Modern Family: Classical Liberalism and the Evolution of Social Institutions.What did F. A. Hayek have to say about evolving social institutions? What is the definition of a family? How has it changed over time?Show Notes and Further ReadingHere is Horwitz’s new book, Hayek’s Modern Family: Classical Liberalism and the Evolution of Social Institutions (2015).Horwitz mentions this humorous scene depicting a feudal marriage in Monty Python and the Holy Grail (1975). See acast.com/privacy for privacy and opt-out information.