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  1. added 2019-06-06
    What Is Money? An Alternative To Searle's Institutional Facts.J. P. Smit, Filip Buekens & Stan du Plessis - 2011 - Economics and Philosophy 27 (1):1-22.
    In The Construction of Social Reality, John Searle develops a theory of institutional facts and objects, of which money, borders and property are presented as prime examples. These objects are the result of us collectively intending certain natural objects to have a certain status, i.e. to ‘count as’ being certain social objects. This view renders such objects irreducible to natural objects. In this paper we propose a radically different approach that is more compatible with standard economic theory. We claim that (...)
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  2. added 2019-06-06
    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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  3. added 2019-06-06
    Reading Adam Smith's Texts on Morals and Wealth: Vivienne Brown.Vivienne Brown - 1995 - Economics and Philosophy 11 (2):344-351.
    In his Comment ‘Adam Smith on the Morality of the Pursuit of Fortune’, Richard Arlen Kleer accepts much of the argument in my article ‘Signifying Voices’ but insists that I have ‘gone too far’. Kleer agrees that there is a moral hierarchy in Adam Smith's Theory of Moral Sentiments where benevolence and self-command are ranked higher than justice and prudence, but he is uneasy with the conclusion that economic activity and the pursuit of gain are ‘amoral’ activities and insists that (...)
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  4. added 2019-06-06
    Law as a Private Good: A Response to Tyler Cowen on the Economics of Anarchy: David D. Friedman.David D. Friedman - 1994 - Economics and Philosophy 10 (2):319-327.
  5. added 2019-06-06
    What Does Nozick's Minimal State Do?: Gene E. Mumy.Gene E. Mumy - 1987 - Economics and Philosophy 3 (2):275-305.
    In the first half of the 1970s, two books appeared which have subsequently been regarded as major works in political philosophy: John Rawls's A Theory of Justice, and Robert Nozick's Anarchy, State, and Utopia. Economists have devoted a considerable amount of ink to commentary, pro and con, on A Theory of Justice ; and it is getting to be a rare public finance textbook that does not, in its discussion of governmental redistribution, describe the Kantian contract made behind the veil (...)
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  6. added 2019-06-06
    Further Thoughts on the Degeneration of Market Socialism: A Reply to Schweickart: N. Scott Arnold.N. Scott Arnold - 1987 - Economics and Philosophy 3 (2):320-330.
    David Schweickart has challenged a number of claims that are central to my argument that market socialism would probably degenerate into something only nominally distinguishable from capitalism. Chief among these is the claim that competitive pressures would force the workers in a worker-controlled firm to create pay and authority differentials that would make such firms structurally homologous to capitalist firms. Schweickart challenges this on two fronts: He argues that there is no good reason to believe that market forces under market (...)
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  7. added 2019-06-06
    The Impartial Spectator Goes to Washington: Toward a Smithian Theory of Electoral Behavior: Geoffrey Brennan & Loren Lomasky.Geoffrey Brennan - 1985 - Economics and Philosophy 1 (2):189-211.
    When economists pay homage to the wisdom of the distant past it is more likely that a work two decades old is being admired than one two centuries old. Economics is a science, and the sciences are noteworthy for their digestion and assimilation of the work of previous generations. Contributions remain only as accretions to the accepted body of knowledge; the writings and the writers disappear almost without trace. A conspicuous exception to this rule of professional cannibalization is Adam Smith. (...)
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  8. added 2019-02-16
    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. added 2018-09-06
    Rules and Choice in Economics, Viktor J. Vanberg. Routledge, 1994, Viii + 310 Pages. [REVIEW]Joseph Heath - 1996 - Economics and Philosophy 12 (2):243.
  10. added 2018-09-06
    Rejoinder to David Friedman on the Economics of Anarchy.Tyler Cowen - 1994 - Economics and Philosophy 10 (2):329.
    The received wisdom once stated that anarcho-capitalism would collapse into Hobbes’s state of nature, with life nasty, short, and brutish. The problem of competing governments is the problem of externality par excellence. But David Friedman, among others, has argued persuasively that privately financed arbitration agencies can overcome the basic externalities problems behind social order.
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  11. added 2018-06-15
    Consequentialism and Its Demands: The Role of Institutions.Attila Tanyi & András Miklós - manuscript
    It isn’t saying much to claim that morality is demanding; the question, rather, is: can morality be so demanding that we have reason not to follow its dictates? According to many, it can, if that morality is a consequentialist one. This paper takes the plausibility and coherence of this objection – the Demandingness Objection – as a given. Our question, therefore, is how to respond to the Objection. We put forward a response that we think has not received sufficient attention (...)
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  12. added 2018-01-09
    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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  13. added 2017-03-06
    Is Economic Rationality in the Head?Kevin Vallier - 2015 - Minds and Machines 25 (4):339-360.
    Many economic theorists hold that social institutions can lead otherwise irrational agents to approximate the predictions of traditional rational choice theory. But there is little consensus on how institutions do so. I defend an economic internalist account of the institution-actor relationship by explaining economic rationality as a feature of individuals whose decision-making is aided by institutional structures. This approach, known as the subjective transaction costs theory, represents apparently irrational behavior as a rational response to high subjective transaction costs of thinking (...)
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  14. added 2017-02-14
    Sufficient Reason: Volitional Pragmatism and the Meaning of Economic Institutions.Daniel W. Bromley - 2009 - Princeton University Press.
    In the standard analysis of economic institutions--which include social conventions, the working rules of an economy, and entitlement regimes --economists invoke the same theories they use when analyzing individual behavior. In this profoundly innovative book, Daniel Bromley challenges these theories, arguing instead for "volitional pragmatism" as a plausible way of thinking about the evolution of economic institutions. Economies are always in the process of becoming. Here is a theory of how they become. Bromley argues that standard economic accounts see institutions (...)
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  15. added 2016-12-08
    An Economic Approach to Business Ethics: Moral Agency of the Firm and the Enabling and Constraining Effects of Economic Institutions and Interactions in a Market Economy.Sigmund Wagner-Tsukamoto - 2005 - Journal of Business Ethics 60 (1):75-89.
    The paper maps out an alternative to a behavioural (economic) approach to business ethics. Special attention is paid to the fundamental philosophical principle that any moral ‘ought’ implies a practical ‘can’, which the paper interprets with regard to the economic viability of moral agency of the firm under the conditions of the market economy, in particular competition. The paper details an economic understanding of business ethics with regard to classical and neo-classical views, on the one hand, and institutional, libertarian thought, (...)
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  16. added 2016-12-08
    Justice and Personal Pursuits.Kok-Chor Tan - 2004 - Journal of Philosophy 101 (7):331-362.
  17. added 2016-10-31
    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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  18. added 2016-09-16
    Cigarettes, Dollars and Bitcoins – an Essay on the Ontology of Money.J. P. Smit, Filip8 Buekens & Stan Du Plessis - 2016 - Journal of Institutional Economics 12 (2):327 - 347.
    What does being money consist in? We argue that something is money if, and only if, it is typically acquired in order to realise the reduction in transaction costs that accrues in virtue of agents coordinating on acquiring the same thing when deciding what thing to acquire in order to exchange. What kinds of things can be money? We argue against the common view that a variety of things (notes, coins, gold, cigarettes, etc.) can be money. All monetary systems are (...)
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  19. added 2016-04-09
    Taxation: Its Justification and Application to Global Contexts.Teppo Eskelinen & Arto Laitinen - 2015 - In Helmut P. Gaisbauer, Gottfried Schweiger & Clemens Sedmak (eds.), Philosophical Explorations of Justice and Taxation. National and Global Issues. Springer. pp. 219-236.
    This article focuses on the justification of taxation, in other words the principled rather than the technical aspect of taxation. We first show how democracy is on the one hand required for legitimate taxation, and how on the other hand democratic communities are dependent on taxation, and argue there is no vicious cirle. We then present a typology of ways of justifying taxation, according to which taxation can base its legitimacy on (1) meeting basic needs, (2) financing public goods, (3) (...)
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  20. added 2015-04-05
    Italian Values, Institutions Related to Economic Activity.Joseph Martellaro - 1963 - Business and Society 4 (1):11-14.
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  21. added 2015-01-25
    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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  22. added 2014-12-02
    Comment on Ekkehart Schlicht's 'Aestheticism in the Theory of Custom'.C. Mantzavinos - 2001 - Journal des Economistes Et des Etudes Humaines 11 (4).
  23. added 2014-12-01
    Das Institutionenökonomisch-Evolutionäre Wettbewerbsleitbild.C. Mantzavinos - 2005 - Jahrbücher für Nationalökonomie Und Statistik 225.
  24. added 2014-12-01
    Learning, Institutions, and Economic Performance.C. Mantzavinos - 2004 - Perspectives on Politics 2.
  25. added 2014-12-01
    Wettbewerbstheorie.C. Mantzavinos - 1994 - Duncker Und Humblot.
  26. added 2014-11-20
    Zur Verteidigung des Institutionenökonomisch-Evolutionären Wettberbsleitbildes.C. Mantzavinos - 2007 - ORDO 58.
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  27. added 2014-11-20
    The Institutional-Evolutionary Antitrust Model.C. Mantzavinos - 2006 - European Journal of Law and Economics 22.
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  28. added 2014-11-20
    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.
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  29. added 2014-10-10
    On the Difficult Task of Integrating Different Heterodox Approaches A Review of Heinrich Bortis's Institutions, Behaviour and Economic Theory. A Contribution to Classical-Keynesian Political Economy.A. Salanti - 2000 - Journal of Economic Methodology 7 (2):285-293.
  30. added 2014-10-10
    Institutional Realism, Grafstein Robert. Yale University Press, 1992, Xii + 244 Pages. [REVIEW]Edward Saraydar - 1995 - Economics and Philosophy 11 (1):208.
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  31. added 2014-10-10
    Institutions and Social Conflict, Jack Knight. Cambridge University Press, 1992, 234 + Xiii Pages.Malcolm Rutherford - 1995 - Economics and Philosophy 11 (2):370.
  32. added 2014-09-30
    Introduction: Thomas Schelling's Distinctive Approach.S. Abu Turab Rizvi - 2007 - Journal of Economic Methodology 14 (4):403-408.
    (2007). Introduction: Thomas Schelling's distinctive approach. Journal of Economic Methodology: Vol. 14, No. 4, pp. 403-408. doi: 10.1080/13501780701718607.
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  33. added 2014-09-30
    Rushing to Revolution? A Second Look at Globalization and Justice.David A. Reidy - 2006 - Economics and Philosophy 22 (1):125-137.
    In Globalization and Justice, Kai Nielsen brings his distinctive and passionate voice and considerable philosophical abilities to one of the pressing issues of our time: Is justice possible in our increasingly globalized world? Nielsen argues that it is, though the demands of justice are great, the challenges substantial, and the odds very long. Without a clear philosophical understanding of justice and a firm and focused political will, Nielsen maintains, we are likely to have globalization without justice. This is surely correct.
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  34. added 2014-09-30
    The New Social Question: Rethinking the Welfare State, Pierre Rosanvallon. Translated by Barbara Harshav. Princeton University Press, 2000, XII+ 139 Pages. [REVIEW]Goodin Re - 2001 - Economics and Philosophy 17 (1):121-145.
  35. added 2014-09-30
    Economic Interests and Institutions: The Conceptual Foundations of Public Policy, Daniel W. Bromley. New York and Oxford: Basil Blackwell, 1989, Viii + 274 Pages. [REVIEW]Yngve Ramstad - 1992 - Economics and Philosophy 8 (2):303-311.
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  36. added 2014-09-25
    Response to My Critics.Kai Nielsen - 2006 - Economics and Philosophy 22 (1):147-158.
    I have been fortunate in having the critics that I had at the Pasadena Session on my Globalization and Justice. All three of them understood me very well, reported me accurately and criticized me fairly and perceptively. An author could not ask for more. In some places I will, as a result of their criticisms, have to modify or clarify what I say, but in other places, and indeed very central places, I remain intransigent and hold my ground, I hope (...)
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  37. added 2014-09-25
    Externality, Convexity and Institutions.Andreas A. Papandreou - 2003 - Economics and Philosophy 19 (2):281-309.
    Economic theory has generally acknowledged the role that institutions have in shaping economic space. The distinction, however, between physical and institutional descriptions of economic activity has not received adequate attention within the mainstream paradigm. In this paper I show how a proper distinction between the physical and institutional space in economic models will help clarify the concept of externality and provide a better interpretation of the relationship between externality and nonconvexity. I argue that within the Arrow-Debreu framework externality should be (...)
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  38. added 2014-09-25
    The Open Society and its Enemies: Authority, Community, and Bureaucracy.Mark A. Notturno - 1999 - In I. C. Jarvie & Sandra Pralong (eds.), Popper's Open Society After Fifty Years: The Continuing Relevance of Karl Popper. Routledge.
  39. added 2014-09-25
    The Corporation as Anomaly, E. Schrader David. Cambridge University Press, 1993, Xi + 202 Pages. [REVIEW]Dennis C. Mueller - 1995 - Economics and Philosophy 11 (2):375.
  40. added 2014-09-25
    Local Justice: How Institutions Allocate Scarce Goods and Necessary Burdens, Elster Jo. Russell Sage Foundation, 1992, 283 + Ix Pages. [REVIEW]Mike Mcpherson - 1995 - Economics and Philosophy 11 (1):177.
  41. added 2014-09-25
    The Limits of Government: An Essay on the Public Goods Argument, David Schmidtz. Boulder, CO: Westview Press, 1991, Xviii + 197 Pages. [REVIEW]Gene E. Mumy - 1992 - Economics and Philosophy 8 (2):311-318.
  42. added 2014-09-24
    Economic Exchange as an Evolutionary Transmission Channel in Human Societies.Bertin Martens - 2011 - Biological Theory 6 (4):366-376.
    This article argues that the (epi)genetic, cultural, symbolic, and environmental transmission channels are insufficient to explain the structure of modern human societies. Economic exchange of knowledge embodied in goods and services constitutes an additional transmission channel that makes more efficient use of limited human cognitive capacity. Economic exchange results in a gradual shift in societies from task-based division of labor to cognitive specialization. This shifts scarce cognitive resources away from production and into learning. It accelerates learning and reinforces the drive (...)
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  43. added 2014-09-22
    Review of Andreas Papandreou's Externality and Institutions. [REVIEW]D. MacLean - 1998 - Economics and Philosophy 14 (1):169-176.
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  44. added 2014-09-18
    Should Citizens of a Welfare State Be Transformed Into “Queens”? A Response to Risse.Julian le Grand - 2005 - Economics and Philosophy 21 (2):305-308.
    Mathias Risse has provided a thoughtful critique of my book, raising serious points about a major part of the argument. I am glad to have the opportunity to reflect further on it.
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  45. added 2014-09-18
    A Brief Reaction to a Brief Response.Jürgen Lange-Von Kulessa - 1999 - Journal of Economic Methodology 6 (3):443-444.
  46. added 2014-09-17
    Deducing Principles of Economics From Ontological Constraints on Information.Carsten Herrmann-Pillath - manuscript
    A crucial idea of institutional economics as established by Veblen and Ayres is the tension, even contradiction between technological progress and institutional change. In abstract terms, this is based on the assumption that the evolution of knowledge follows an autonomous logic, and that social competition interferes with it. I try to reformulate this idea in the context of universal evolutionary theory, starting out from the definition of knowledge as a set of evolving rules with physical substance. Important consequences of this (...)
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  47. added 2014-09-17
    Performativity of Economic Systems: Approach and Implications for Taxonomy.Carsten Herrmann-Pillath - 2013 - Journal of Economic Methodology 20 (2):139-163.
    The paper proposes to ground the taxonomy of economic systems on the identification of strongly performative institutions as distinctive features. I analyse performativity on the basis of the Aoki model of institutions, enriched by current approaches to performativity, which I combine with Searle's notion of a status function. Performativity is conceived as resulting from the conjunction of public representations (sign systems) and behavioural dispositions which channel strategic interactions among actors such that certain sets of institutions are reproduced recurrently. I apply (...)
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  48. added 2014-09-17
    Making the Social World: The Structure of Human Civilization, John R. Searle, Oxford University Press, 2010, 224 Pages. [REVIEW]Frank Hindriks - 2011 - Economics and Philosophy 27 (3):338-346.
  49. added 2014-09-16
    Causes of the Financial Crisis‗.Jeffrey Friedman - forthcoming - Critical Review.
    The financial crisis was caused by the complex, constantly growing web of regulations designed to constrain and redirect modern capitalism. This complexity made investors, bankers, and perhaps regulators themselves ignorant of regulations previously promulgated across decades and in different “fields” of regulation. These regulations interacted with each other to foster the issuance and securitization of subprime mortgages; their rating as AA or AAA; and their concentration on the balance sheets (and off the balance sheets) of many commercial and investment banks. (...)
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  50. added 2014-09-16
    The Road to Serfdom's Economistic Worldview.François Godard - 2013 - Critical Review 25 (3-4):364-385.
    At the end of World War II, F. A. Hayek denounced the then-popular idea of central planning by arguing that, if pursued to its logical conclusion, it would entail totalitarianism. But there were at least two problems. First, judging by his example of Nazi Germany, state control over the economy appears to be a consequence, not a cause, of the monopolization of political power. Second, he conflated socialism and mere interference in the market with central planning. Therefore, history did not (...)
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