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  1. R.K. N*R*Yan on the Invasion of Ukraine and Specialization.Terence Rajivan Edward - manuscript
    In this paper, I present a challenge to Adam Smith’s specialization recommendations, at least according to the “unzany” interpretation suggested by his famous pin factory example. I present it while attempting the style of a notable fiction writer from the Indian sub-continent, as befits the challenge. I have adapted the style slightly for the Western setting.
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  2. Trust and Distrust in Institutions and Governance.Mark Alfano & Nicole Huijts - forthcoming - In Judith Simon (ed.), Handbook of Trust and Philosophy. Routledge.
    First, we explain the conception of trustworthiness that we employ. We model trustworthiness as a relation among a trustor, a trustee, and a field of trust defined and delimited by its scope. In addition, both potential trustors and potential trustees are modeled as being more or less reliable in signaling either their willingness to trust or their willingness to prove trustworthy in various fields in relation to various other agents. Second, following Alfano (forthcoming) we argue that the social scale of (...)
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  3. Commercial Republicanism.Robert S. Taylor - forthcoming - In Frank Lovett & Tim Sellers (eds.), Oxford Handbook of Republicanism. Oxford, UK: Oxford University Press.
    Commercial republicanism is the idea that a properly-structured commercial society can serve the republican end of minimizing the domination of citizens by states (imperium) and of citizens by other citizens (dominium). Much has been written about this idea in the last half-century, including analyses of individual commercial republicans (e.g., Adam Smith and Immanuel Kant) as well as discussions of national traditions of the same (e.g., in America, Britain, France, the Netherlands, and Italy). In this chapter, I review five kinds of (...)
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  4. Entrepreneurial Beleifs and Agency Under Knightian Uncertainty.Randall Westgren & Travis Holmes - 2021 - Philosophy of Management 22 (2):199-217.
    At the centenary of Frank H. Knight’s Risk, Uncertainty, and Profit (1921), we explore the continuing relevance of Knightian uncertainty to the theory and practice of entrepreneurship. There are three challenges facing such assessment. First, RUP is complex and difficult to interpret. The key but neglected element of RUP is that Knight’s account is not solely about risk and uncertainty as states of nature, but about how an agent’s beliefs about uncertain outcomes and confidence in those beliefs guide their choices. (...)
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  5. Institutions and Evolution of Capitalism in Geoff Hodgson’s Work.David Gindis & Francesca Gagliardi - 2019 - In Institutions and Evolution of Capitalism: Essays in Honour of Geoffrey M. Hodgson. Cheltenham, UK: pp. 2-12.
    This article is the introductory chapter to a festschrift in honour of Geoff Hodgson. In work spanning four decades, Geoff Hodgson has made many path-breaking contributions to institutional economics, evolutionary economics, economic methodology, the history of economic thought and social theory more broadly. Hodgson’s reputation as a prolific and important writer, whose work transcends traditional disciplinary boundaries, is matched by his credentials as an academic entrepreneur, whose involvement in the formation of two international scholarly societies and the foundation of the (...)
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  6. Leaving Town for the Market: The Emergence and Expansion of Social Trust in the Works of Elinor Ostrom and Henry Sumner Maine.Marc Goetzmann - 2019 - Teoria E Critica Della Regolazione Sociale 2 (19):147-168.
    This paper uses the evolutionary frame provided by the Victorian jurist Henry Sumner Maine to describe the process by which trust can be seen as the product of a gradual development that starts with small-scale communities and later allows market exchanges to develop themselves. I also argue, using the work of Elinor Ostrom (1990), that trust emerges first within small-scale communities, where first- and second-degree collective action problems need to be resolved. The development of a social disposition to trust is (...)
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  7. The All Too Human Welfare State: Freedom Between Gift and Corruption.Paolo Silvestri - 2019 - Teoria E Critica Della Regolazione Sociale 19 (2):123-145.
    Can taxation and the redistribution of wealth through the welfare state be conceived as a modern system of circulation of the gift? But once such a gift is institutionalized, regulated and sanctioned through legal mechanisms, does it not risk being perverted or corrupted, and/or not leaving room for genuinely altruistic motives? What is more: if the market’s utilitarian logic can corrupt or ‘crowd out’ altruistic feelings or motivations, what makes us think that the welfare state cannot also be a source (...)
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  8. El capital social en situaciones de cambio institucional.María G. Navarro - 2018 - Bajo Palabra. Revista de Filosofía 20:65-84.
    In this article, the hypothesis according to which the institutional change is determined by the mobilization of social capital is exposed. It is analysed what consequences derived from this fact in relation to the processes of deinstitutionalization of the policy. It proposes an interpretation of academically relevant results about the meaning of the term ‘deinstitutionalization’, explains some of the most important antecedents on institutional theory and, fially, proposes some fundamental ideas to advance the philosophical reflction about the so-called new institutionalism.
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  9. Understanding Financial Instability: Minsky Versus the Austrians.Ludwig Van Den Hauwe - 2016 - Journal des Economistes Et des Etudes Humaines 22 (1).
    Although Minsky’s interpretation of Keynes’s macroeconomics and essential message clashes with authoritative alternative interpretations, it has become increasingly influential during the years following the Global Financial Crisis, even in mainstream circles. This paper offers a critical evaluation of Minsky’s Financial Instability Hypothesis from the perspective of the alternative Austro-Wicksellian paradigm. Although some of the similarities and/or analogies between Minsky’s approach and that of the Austrian School suggest a more than merely superficial affinity between the two theoretical frameworks and although some (...)
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  10. Institutions.C. Mantzavinos - 2011 - In Ian Jarvie Jesús Zamora-Bonilla (ed.), The SAGE Handbook of the Philosophy of Science. London, Thousand Oaks, New Delhi and Singapore: pp. 399-412.
    The article provides an overview of the basic concepts and principles of the theory of institutions as well as of the mechanisms of emergence and evolution of social institutions. It introduces a distinction between formal and informal institutions based on the the criterion of the enforcement agency of institutions. Finally it discusses the problem of path dependence.
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  11. The Division of Labour in Science: The Tradeoff Between Specialisation and Diversity.Rogier De Langhe - 2010 - Journal of Economic Methodology 17 (1):37-51.
    Economics is a typical resource for social epistemology and the division of labour is a common theme for economics. As such it should come as no surprise that the present paper turns to economics to formulate a view on the dynamics of scientific communities, with precursors such as Kitcher (1990), Goldman and Shaked (1991) and Hull (1988). But although the approach is similar to theirs, the view defended is different. Mäki (2005) points out that the lessons philosophers draw from economics (...)
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  12. Der Beitrag Erich Hoppmanns.C. Mantzavinos - 2010 - In Viktor Vanberg (ed.), Evolution und Freiheitlicher Wettbewerb. Erich Hoppmann und die aktuelle Diskussion. Tübingen: pp. 23-33.
    Das Werk Erich Hoppmanns wird durch drei Ideen geleitet. Erstens, eine Idee ontologischer Natur, dass der Markt ein komplexes Phänomen ist. Zweitens, eine Idee methodologischer Natur, dass der Markt mittels einer Systembetrachtung analysiert werden soll und nur Erklärungen des Prinzips möglich sind. Drittens, eine Idee normativer Natur, dass die Steuerung des Marktes mittels Regeln erfolgen soll, die gemäß dem regulativen Ideal der Freiheit konzipiert werden müssen.
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  13. Apprentissage, Institutions, et Performance Économique.C. Mantzavinos, Douglass North & Syed Shariq - 2009 - L'Année Sociologique 59 (2):469-492.
    Dans cet article, nous offrons un large aperçu des interactions entre cognition, systèmes de croyances et institutions, et comment elles affectent la performance économique. Nous estimons qu'une meilleure compréhension de l’émergence des institutions, de leurs propriétés de fonctionnement et de leurs effets sur les résultats politiques et économiques doit commencer par une analyse des processus cognitifs. Nous explorons la nature de l'apprentissage individuel et collectif, en soulignant que la question n'est pas de savoir si les agents ont une rationalité parfaite (...)
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  14. Searle and De Soto: The New Ontology of the Social World.Barry Smith - 2008 - In Barry Smith, David Mark & Isaac Ehrlich (eds.), The Mystery of Capital and the Construction of Social Reality. Open Court. pp. 35-51.
    Consider a game of blind chess between two chess masters that is recorded in some standard chess notation. The recording is a representation of the game. But what is the game itself? This question is, we believe, central to the entire domain of social ontology. We argue that the recorded game is a special sort of quasi-abstract pattern, something that is: (i) like abstract entities such as numbers or forms, in that it is both nonphysical and nonpsychological; but at the (...)
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  15. Against Simplicity and Cognitive Individualism: Nathaniel T. Wilcox.Nathaniel T. Wilcox - 2008 - Economics and Philosophy 24 (3):523-532.
    Neuroeconomics illustrates our deepening descent into the details of individual cognition. This descent is guided by the implicit assumption that “individual human” is the important “agent” of neoclassical economics. I argue here that this assumption is neither obviously correct, nor of primary importance to human economies. In particular I suggest that the main genius of the human species lies with its ability to distribute cognition across individuals, and to incrementally accumulate physical and social cognitive artifacts that largely obviate the innate (...)
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  16. Some Building Blocks for a Theory of the Firm as a Real Entity.David Gindis - 2007 - In Yuri Biondi, Arnaldo Canziani & Thierry Kirat (eds.), The Firm as an Entity: Implications for Economics, Accounting and the Law. London, UK: pp. 266-291.
    The firm is a real entity and not an imaginary, fictitious or linguistic entity. This implies that the firm as a whole exhibits a sufficient degree of unity or cohesiveness and is durable and persistent through time. The firm is essentially composed of a particular combination of constituents that are bound together by something that acts as an ontological glue, and is therefore non-reducible to other more basic entities, i.e., to its parts or its members. From our perspective, the firm (...)
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  17. Zur Verteidigung des Institutionenökonomisch-Evolutionären Wettberbsleitbildes.C. Mantzavinos - 2007 - ORDO 58:157-166.
    Dieter Schmidtchen hat mein institutionenökonomisch-evolutionäres Wettbewerbsleitbild einer kritischen Würdigung unterzogen. In dieser Replik werden drei Arten von Argumenten zugunsten meines Wettbewerbsleitbildes vorgetragen. Zunächst wird mit Hilfe von wissenschaftstheoretischen Argumenten gezeigt, dass die Konkurrenz von Erkenntnisprogrammen auch im Fall der Wettbewerbstheorie durchaus wünscheswert ist. Dann werden die normativen Grundlagen des Leitbildes erläutert und gezeigt, wie das Prinzip der kritischen Prüfung zum Tragen kommt. Schließlich wird für eine regelgeleitete Wettbewerbspolitik plädiert, die den Schutz des Wettbewerbs als minimalistisches Ziel anstrebt.
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  18. The Institutional-Evolutionary Antitrust Model.C. Mantzavinos - 2006 - European Journal of Law and Economics 22:273-291.
    The purpose of this article is to provide an alternative antitrust model to the mainstream model that is used in competition policy. I call it the InstitutionalEvolutionary Antitrust Model. In order to construct an antitrust model one needs both empirical knowledge and considerations of how to adequately deal with norms. The analysis of competition as an evolutionary process that unfolds within legal rules provides the empirical foundation for the model. The development of the normative dimension involves the elaboration of a (...)
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  19. The Role of Definitions in Institutional Analysis.C. Mantzavinos - 2006 - In Frank Daumann, C. Mantzavinos & Stefan Okruch (eds.), Wettbewerb im Gesundheitswesen. Konzeptionen und Felder ordnungsökonomischen Denkens. Budapest: pp. 85-92.
    This paper defends the claim that social scientists who are interested in the study of institutions should not conduct fights about the meaning of the terms "institution", "organization" and the other terms that are used in the theory of institutions. They should instead concentrate on constructing theories in order to explain the phenomena they are interested in. Defining the terms that one wants to use is a legitimate part of the theoretical endeavor, but it is by no means as important (...)
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  20. Das Institutionenökonomisch-Evolutionäre Wettbewerbsleitbild.C. Mantzavinos - 2005 - Jahrbücher für Nationalökonomie Und Statistik 225:205-224.
    In diesem Aufsatz wird ein Wettbewerbsleitbild vorgeschlagen, das auf den Ergebnissen der Neuen Institutionenökonomik und der Evolutorischen Ökonomik aufbaut. Um ein Leitbild zu gewinnen, braucht man zweierlei, d.h. erfahrungswissenschaftliche Grundlagen und Überlegungen zur Behandlung von Normen. Es werden zunächst die erfahrungswissenschaftlichen Grundlagen erläutert und es stellt sich heraus, dass der Wettbewerb als ein evolutionärer Prozess zu analysieren ist, der innerhalb von Regeln abläuft. Danach wird die Frage nach der zweckmäßigen Behandlung von Normen behandelt und die Schwächen der gängigen normativen Konzeptionen (...)
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  21. Lernen, Institutionen und Wirtschaftsleistung.C. Mantzavinos, Douglass C. North & Syed Shariq - 2005 - Analyse & Kritik 27 (2):320-337.
    This article provides a broad overview of the interplay among cognition, belief systems and institutions, fleshing out a position best characterized as 'cognitive institutionalism'. We argue that a deeper understanding of institutions, emergence, their working properties and their effect on economic performance should start with the analysis of cognitive processes. Exploring the nature of individual and collective learning the article suggests that the issue is not whether agents are perfectly or boundedly rational, but rather how human beings actually reason and (...)
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  22. Learning, Institutions, and Economic Performance.C. Mantzavinos - 2004 - Perspectives on Politics 2:75-84.
    In this article, we provide a broad overview of the interplay among cognition, belief systems, and institutions, and how they affect economic performance. We argue that a deeper understanding of institutions’ emergence, their working properties, and their effect on economic and political outcomes should begin from an analysis of cognitive processes. We explore the nature of individual and collective learning, stressing that the issue is not whether agents are perfectly or boundedly rational, but rather how human beings actually reason and (...)
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  23. The Construction of Social Reality: An Exchange.Barry Smith & John Searle - 2003 - American Journal of Economics and Sociology 62 (2):285-309.
    Part 1 of this exchange consists in a critique by Smith of Searle’s The Construction of Social Reality focusing on Searle’s use of the formula ‘X counts as Y in context C’. Smith argues that this formula works well for social objects such as dollar bills and presidents where the corresponding X terms (pieces of paper, human beings) are easy to identify. In cases such as debts and prices and money in a bank's computers, however, the formula fails, because these (...)
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  24. Comment on Ekkehart Schlicht's 'Aestheticism in the Theory of Custom'.C. Mantzavinos - 2001 - Journal des Economistes Et des Etudes Humaines 11 (4):705-708.
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