10 found
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  1.  56
    A Neurolinguistic Approach to Performativity in Economics.Carsten Herrmann-Pillath - 2010 - Journal of Economic Methodology 17 (3):241-260.
    What makes institutions ?real?? One central notion has been emerging recently in sociology, which is ?performativity?, a term borrowed from the philosophy of language. I propose a neurolinguistic approach to performativity that is based on John Searle's theory of institutions, especially his concept of a ?status function? and his explanation of rule-following as a neurophysiological disposition. Positing a status function is a performative act. I proceed in two steps to establish the neurolinguistic framework. First, I apply the concept of ?conceptual (...)
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  2.  72
    Institutions, Distributed Cognition and Agency: Rule-Following as Performative Action.Carsten Herrmann-Pillath - 2012 - Journal of Economic Methodology 19 (1):21-42.
    Aoki recently proposed the concept of substantive institutions, a concept that relates the outcomes of strategic interaction with public representations of the equilibrium states of games. I argue that the Aoki model can be grounded in theories of distributed cognition and performativity, which I put into the context of Searle's philosophical account of institutions. Substantive institutions build on regularized causal interactions between internal neuronal mechanisms and external facts, shared in a population of agents. Following Searle's proposal of conceiving rule-following as (...)
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  3.  21
    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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  4.  9
    Constitutive Explanations in Neuroeconomics: Principles and a Case Study on Money.Carsten Herrmann-Pillath - 2016 - Journal of Economic Methodology 23 (4):374-395.
    So far, the methodological debate about neuroeconomics rarely refers to original methodological positions in the neurosciences. I confront one of the most influential ones, the constitutive explanations or mechanism approach, with methodological claims that directly relate the economic model of choice with neuronal embodiments, represented by Glimcher’s influential work. Constitutive explanations are composite and non-reductionist, therefore allow for recognizing complex causal interactions between basal neuronal phenomena and cognitive structures, also involving external symbolic media. I demonstrate the power of this methodology (...)
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  5.  46
    Hegel’s “Objective Spirit”, Extended Mind, and the Institutional Nature of Economic Action.Ivan A. Boldyrev & Carsten Herrmann-Pillath - 2013 - Mind and Society 12 (2):177-202.
    This paper explores the implications of the recent revival of Hegel studies for the philosophy of economics. We argue that Hegel’s theory of Objective Spirit anticipates many elements of modern approaches in cognitive sciences and of the philosophy of mind, which adopt an externalist framework. In particular, Hegel pre-empts the theories of social and distributed cognition. The pivotal elements of Hegelian social ontology are the continuity thesis, the performativity thesis, and the recognition thesis, which, when taken together, imply that all (...)
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  6.  13
    Beyond Dualities in Behavioural Economics: What Can G. H. Mead’s Conceptions of Self and Reflexivity Contribute to the Current Debate?Carsten Herrmann-Pillath - 2019 - Journal of Economic Methodology 26 (2):118-132.
    ABSTRACTDual systems theories play an important role in the conceptual foundations of behavioural economics, such as distinguishing between ‘fast’ and ‘slow’ responses to stimuli. After critically reflecting their empirical validity in the light of recent research in psychology and the neurosciences, I argue that their major flaw is the inadequate treatment of reflection. I introduce the distinction between ‘reflectivity’ and ‘reflexivity’, showing that human action involves complex brain connectivities that integrate the two systems, as understood traditionally. G. H. Mead’s distinction (...)
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  7.  5
    Evolutionary Mechanisms of Choice: Hayekian Perspectives on Neurophilosophical Foundations of Neuroeconomics.Carsten Herrmann-Pillath - forthcoming - Economics and Philosophy:1-20.
    Hayek’s seminal contribution to theoretical neurosciences, The Sensory Order remains neglected in current efforts at integrating the neurosciences, psychology and economics. I defend the view that Hayek presents the case for an evolutionary alternative to leading paradigms in the field and look at two in more detail: the good-based model in neuroeconomics and the dual systems approach in behavioural economics. In both cases, essential Hayekian insights remain valid in the context of modern neuroscience, allow for taking account of recent research, (...)
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  8.  11
    From Dual Systems to Dual Function: Rethinking Methodological Foundations of Behavioural Economics.Carsten Herrmann-Pillath - 2019 - Economics and Philosophy 35 (3):403-422.
    Building on an overview of dual systems theories in behavioural economics, the paper presents a methodological assessment in terms of the mechanistic explanations framework that has gained prominence in philosophy of the neurosciences. I conclude that they fail to meet the standards of causal explanations and I suggest an alternative ‘dual functions’ view based on Marr’s methodology of computational neuroscience. Recent psychological and neuroscience research undermines the case for a categorization of brain processes in terms of properties such as relative (...)
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  9. Hegel, Institutions and Economics: Performing the Social.Carsten Herrmann-Pillath & Ivan Boldyrev (eds.) - 2016 - Routledge.
    Hegel’s philosophy has witnessed periods of revival and oblivion, at times considered to be an unrivalled and all-embracing system of thought, but often renounced with no less ardour. This book renews the dialogue with Hegel by looking at his legacy as a source of insight and judgement that helps us rethink contemporary economics. This book focuses on a concept of institution which is equally important for Hegel's political philosophy and for economic theory to date. The key contributions of this Hegelian (...)
     
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  10.  5
    Methodological Misconceptions in the Social Sciences. Rethinking Social Thought and Social Processes.Carsten Herrmann-Pillath - 2016 - Journal of Economic Methodology 23 (2):223-227.