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The Economic Theory of Social Institutions

Cambridge University Press (2008)

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  1. From conventions to prescriptions. Towards an integrated view of norms.Rosaria Conte & Cristiano Castelfranchi - 1999 - Artificial Intelligence and Law 7 (4):323-340.
    In this paper, a model of norms as cognitive objects is applied to establish connections between social conventions and prescriptions. Relevant literature on this issue, especially found in AI and the social sciences, will be shown to suffer from a dychotomic view: a conventionalistic view proposed by rationality and AI scientists; and a prescriptive view proposed by some philosophers of law (Kelsen 1934/1979, Hart 1961, Ross, 1958).In the present work, the attempt is made to fill the gap between these views (...)
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  • Two neurocomputational building blocks of social norm compliance.Matteo Colombo - 2014 - Biology and Philosophy 29 (1):71-88.
    Current explanatory frameworks for social norms pay little attention to why and how brains might carry out computational functions that generate norm compliance behavior. This paper expands on existing literature by laying out the beginnings of a neurocomputational framework for social norms and social cognition, which can be the basis for advancing our understanding of the nature and mechanisms of social norms. Two neurocomputational building blocks are identified that might constitute the core of the mechanism of norm compliance. They consist (...)
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  • Locke, Nozick and the state of nature.Justin P. Bruner - 2020 - Philosophical Studies 177 (3):705-726.
    Recently, philosophers have drawn on tools from game theory to explore behavior in Hobbes’ state of nature. I take a similar approach and argue the Lockean state of nature is best conceived of as a conflictual coordination game. I also discuss Nozick’s famous claim regarding the emergence of the state and argue the path to the minimal state is blocked by a hitherto unnoticed free-rider problem. Finally, I argue that on my representation of the Lockean state of nature both widespread (...)
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  • Patriarchy as Institutional.Johan Brännmark - 2021 - Journal of Social Ontology 7 (2):233-254.
    In considering patriarchy as potentially institutional and as a characteristic also of contemporary Western societies, a fundamental issue concerns how to make sense of largely informal institutions to begin with. Traditional accounts of institutions have often focused on formalized ones. It is argued here, however, that the principal idea behind one commonly accepted conception of institutions can be developed in a way that better facilitates an explication of informal institutions. When applied to the phenomenon of patriarchy, such an approach can (...)
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  • The social order of markets.Jens Beckert - 2009 - Theory and Society 38 (3):245-269.
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  • Wissen und wissenschaft AlS waren.Wolfgang Balzer - 2003 - Erkenntnis 58 (1):87 - 110.
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  • Three Conceptions of a Theory of Institutions.N. Emrah Aydinonat & Petri Ylikoski - 2018 - Philosophy of the Social Sciences 48 (6):550-568.
    We compare Guala’s unified theory of institutions with that of Searle and Greif. We show that unification can be many things and it may be associated with diverse explanatory goals. We also highlight some of the important shortcomings of Guala’s account: it does not capture all social institutions, its ability to bridge social ontology and game theory is based on a problematic interpretation of the type-token distinction, and its ability to make social ontology useful for social sciences is hindered by (...)
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  • Economic ethics and institutional change.Antonio Argandoña - 2004 - Journal of Business Ethics 53 (1-2):191-201.
    Our economic system, the market economy, is a part of a broader system or “society.” We frequently study the operation of the market economy as if it were autonomous, even though there are many complex and mutual relationships between society, the economic system and the other systems – political, cultural, religious, legal, etc. – that form part of society. In a market economy we may identify several components: a frame or background in which the economic activity takes place, a set (...)
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  • Correlated strategies as Institutions.Daniel G. M. Arce - 1997 - Theory and Decision 42 (3):271-285.
    Two institutions that are often implicit or overlooked in noncooperative games are the assumption of Nash behavior to solve a game, and the ability to correlate strategies. We consider two behavioral paradoxes; one in which maximin behavior rules out all Nash equilibria (‘Chicken’), and another in which minimax supergame behavior leads to an ‘inefficient’ outcome in comparison to the unique stage game equilibrium (asymmetric ‘Deadlock’). Nash outcomes are achieved in both paradoxes by allowing for correlated strategies, even when individual behavior (...)
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  • Social Ontology.Brian Epstein - 2018 - Stanford Encyclopedia of Philosophy.
    Social ontology is the study of the nature and properties of the social world. It is concerned with analyzing the various entities in the world that arise from social interaction. -/- A prominent topic in social ontology is the analysis of social groups. Do social groups exist at all? If so, what sorts of entities are they, and how are they created? Is a social group distinct from the collection of people who are its members, and if so, how is (...)
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  • The Geography of Taste.Dominic Lopes, Samantha Matherne, Mohan Matthen & Bence Nanay - 2024 - New York, NY: Oxford University Press.
    Aesthetic preferences and practices vary widely between individuals and between cultures. How should aesthetics proceed if we take this fact of aesthetic diversity, rather than the presumption of aesthetic universality, as our starting point? How should we theorize the cultural origins and cultural basis of aesthetic diversity? How should we think about the value and normativity of aesthetic diversity? In an effort to model what the turn toward diversity might look like in aesthetic inquiry, each author defends a different account (...)
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  • Explaining Institutional Change.N. Emrah Aydinonat & Petri Ylikoski - 2023 - In Harold Kincaid & Jeroen van Bouwel (eds.), The Oxford Handbook of Philosophy of Political Science. New York: Oxford University Press. pp. 120-138.
    In this Chapter, we address the challenge of explaining institutional change, asking whether the much-criticized rational choice perspective can contribute to the understanding of institutional change in political science. We discuss the methodological reasons why rational choice institutionalism (RCI) often assumes that institutional change is exogenous and discontinuous. We then identify and explore the possible pathways along which RCI can be extended to be more useful in understanding institutional change in political science. Finally, we reflect on what RCI theorizing would (...)
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  • A synergetic view of institutions.Peter Weise & Wolfgang Brandes - 1990 - Theory and Decision 28 (2):173-187.
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  • A Simplified Taxonomy of 2 x 2 Games.Bernard Walliser - 1988 - Theory and Decision 25 (2):163.
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  • Institutional Externalism.Giuliano Torrengo - 2017 - Philosophy of the Social Sciences 47 (1):67-85.
    Many philosophers regard collective behavior and attitudes as the ground of the whole of social reality. According to this popular view, society is composed basically of collective intentions and cooperative behaviors; this is so both for informal contexts involving small groups and for complex institutional structures. In this article, I challenge this view, and propose an alternative approach, which I term institutional externalism. I argue that institutions are characterized by the tendency to defer to elements that are external to the (...)
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  • Understanding coevolution of mind and society: institutions-as-rules and institutions-as-equilibria.Shinji Teraji - 2017 - Mind and Society 16 (1):95-112.
    Theories of institutions can be classified into two broad approaches: institutions-as-rules and institutions-as-equilibria. According to the first approach, institutions are conceived as rules that guide the actions of individuals engaged in social interactions. On the other hand, the second approach views institutions as behavioral patterns. In order to have a complete picture of institutions, we need to take both approaches into consideration. Individuals construct mental models to produce expectations about institutions, while institutions make individual expectations relatively compatible. The main purpose (...)
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  • Carsten Herrmann-Pillath's Foundations of economic evolution: a treatise on the natural philosophy of economics. Edward Elgar, 2013, 704 pp. [REVIEW]Don Ross - 2014 - Erasmus Journal for Philosophy and Economics 7 (1):109.
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  • The authority of moral rules.J. Moreh - 1989 - Theory and Decision 27 (3):257-273.
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  • Towards a unified science of cultural evolution.Alex Mesoudi, Andrew Whiten & Kevin N. Laland - 2006 - Behavioral and Brain Sciences 29 (4):329-347.
    We suggest that human culture exhibits key Darwinian evolutionary properties, and argue that the structure of a science of cultural evolution should share fundamental features with the structure of the science of biological evolution. This latter claim is tested by outlining the methods and approaches employed by the principal subdisciplines of evolutionary biology and assessing whether there is an existing or potential corresponding approach to the study of cultural evolution. Existing approaches within anthropology and archaeology demonstrate a good match with (...)
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  • Norms2: Norms About Norms.Chiara Lisciandra - 2023 - Erkenntnis 88 (6):2673-2694.
    In this paper, I outline and defend the view that variations in compliance levels with one and the same norm represent differentnorms about following norms. In support of this claim, I first argue that classic game-theoretic accounts, which define norms as Nash equilibria of noncooperative games, typically consider variations in compliance levels as separate norms. After that, I suggest a more fine-grained, game-theoretic distinction that accounts for degrees of compliance with the same norm and I show how to incorporate such (...)
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  • The functions of institutions: etiology and teleology.Frank Hindriks & Francesco Guala - 2019 - Synthese 198 (3):2027-2043.
    Institutions generate cooperative benefits that explain why they exist and persist. Therefore, their etiological function is to promote cooperation. The function of a particular institution, such as money or traffic regulations, is to solve one or more cooperation problems. We go on to argue that the teleological function of institutions is to secure values by means of norms. Values can also be used to redesign an institution and to promote social change. We argue, however, that an adequate theory of institutions (...)
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  • Rules, Equilibria and Virtual Control: How to Explain Persistence, Resilience and Fragility.Frank Hindriks - 2023 - Erkenntnis 88 (4):1367-1389.
    Institutions are often regarded either as rules or as equilibria sustained by self-interested agents. I ask how these two theories can be combined. According to Philip Pettit’s _Virtual Control Theory_, they explain different things: rules explain why regularities persist; self-interest why they are resilient. Thus, his theory reconciles the two theories by adjusting their domains of application. However, the available evidence suggests that rules and self-interest often combine as sources of motivation. Because of this, it is better to integrate the (...)
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  • Institutions and their strength.Frank Hindriks - 2022 - Economics and Philosophy 38 (3):354-371.
    Institutions can be strong or weak. But what does this mean? Equilibrium theories equate institutions with behavioural regularities. In contrast, rule theories explicate them in terms of a standard that people are supposed to meet. I propose that, when an institution is weak, a discrepancy exists between the regularity and the standard or rule. To capture this discrepancy, I present a hybrid theory, the Rules-and-Equilibria Theory. According to this theory, institutions are rule-governed behavioural regularities. The Rules-and-Equilibria Theory provides the basis (...)
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  • History, Analytic Narratives, and the Rules-in-Equilibrium View of Institutions.Cyril Hédoin - 2020 - Philosophy of the Social Sciences 50 (5):391-417.
    Analytic narratives are case studies of historical events and/or institutions that are formed by the combination of the narrative method characteristic of historical and historiographical wor...
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  • Practical reasoning, rule-following and belief revision: an account in terms of Jeffrey’s rule.Cyril Hédoin - 2020 - Synthese 198 (8):7627-7645.
    This paper provides a conceptual exploration of the implication of Jeffrey’s rule of belief revision to account for rule-following behavior in a game-theoretic framework. Jeffrey’s rule reflects the fact that in many cases learning something new does not imply that one has full assurance about the true content of the information. In other words, the same information may be both perceived and interpreted in several different ways. I develop an account of rule-following behavior according to which, in the context of (...)
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  • Social convention revisited.Margaret Gilbert - 2008 - Topoi (1-2):5-16.
    This article will compare and contrast two very different accounts of convention: the game-theoretical account of Lewis in Convention, and the account initially proposed by Margaret Gilbert (the present author) in chapter six of On Social Facts, and further elaborated here. Gilbert’s account is not a variant of Lewis’s. It was arrived at in part as the result of a detailed critique of Lewis’s account in relation to a central everyday concept of a social convention. An account of convention need (...)
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  • Rationality, coordination, and convention.Margaret Gilbert - 1990 - Synthese 84 (1):1 - 21.
    Philosophers using game-theoretical models of human interactions have, I argue, often overestimated what sheer rationality can achieve. (References are made to David Gauthier, David Lewis, and others.) In particular I argue that in coordination problems rational agents will not necessarily reach a unique outcome that is most preferred by all, nor a unique 'coordination equilibrium' (Lewis), nor a unique Nash equilibrium. Nor are things helped by the addition of a successful precedent, or by common knowledge of generally accepted personal principles. (...)
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  • The Unconventional, but Conventionalist, Legacy of Lewis’s “Convention”.Olivier Favereau - 2008 - Topoi 27 (1-2):115-126.
    The philosopher David Lewis is credited by many social scientists, including mainstream economists, with having founded the modern (game-theoretical) approach to conventions, viewed as solutions to recurrent coordination problems. Yet it is generally ignored that he revised his approach, soon after the publication of his well-known book. I suggest that this revision has deep implications (probably not perceived by Lewis himself) on the analytical links between coordination, uncertainty and rationality. Thinking anew about these issues leads me to map out an (...)
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  • Convention.Michael Rescorla - 2008 - Stanford Encyclopedia of Philosophy.
    The central philosophical task posed by conventions is to analyze what they are and how they differ from mere regularities of action and cognition. Subsidiary questions include: How do conventions arise? How are they sustained? How do we select between alternative conventions? Why should one conform to convention? What social good, if any, do conventions serve? How does convention relate to such notions as rule, norm, custom, practice, institution, and social contract? Apart from its intrinsic interest, convention is important because (...)
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  • Philosophy of economics.Daniel M. Hausman - 2008 - Stanford Encyclopedia of Philosophy.
    This is a comprehensive anthology of works concerning the nature of economics as a science, including classic texts and essays exploring specific branches and schools of economics. Apart from the classics, most of the selections in the third edition are new, as are the introduction and bibliography. No other anthology spans the whole field and offers a comprehensive introduction to questions about economic methodology.
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  • Conventions, Norms and Law.B. J. E. Verbeek - unknown
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