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 (...) should not be ‘moralized’ in that they should not be defined in terms of the values they are supposed to promote. (shrink)

This paper pursues a naturalist endeavor in social ontology by arguing that the Beliefs-Rules-Equilibrium account of institutions can help to advance the debate over the nature of social kinds. This account of institutions emerges from a growing number of works in economics that use game theory to study the role and the functioning of institutions in human societies. I intend to show how recent developments in the economic analysis of rules and institutions can help solve issues that are generally considered (...) constitutive of any ontological inquiry. I argue that the Beliefs-Rules-Equilibrium account of institutions can contribute to advancing the debate on an issue of particular importance, regarding the specific form of dependence characterizing the relation between institutions and individuals’ attitudes about them. I tackle this issue by taking Francesco Guala's claims about the nature of institutions made in his book “Understanding Institutions” as a point of departure. In particular, I reject Guala’s functionalism about institutions. On the basis of the Beliefs-Rules-Equilibrium account, I claim that it is futile to search for constitutive features of general institutions (money, property rights, family…) and that the best we can have is a knowledge of what are the rules within a specific institution, which the agents consider to be essential in their institutional practice. (shrink)

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...

This paper examines the perceptual and reasoning processes that underpin regularities in behaviour. A distinction is made between situations as they are, or as described by an omniscient external observer, and situations as agents see or frame them. Different frames can stem from differences in culture, experience and personality, as well as from other context-specific factors. Drawing upon David Lewis’s Convention, I show that consistency between reasoning and experience does not preclude individuals from understanding the same state of affairs differently, (...) and that agents’ beliefs about others’ beliefs may well be wrong. As a result, cases may occur in which conventions are sustained by false but mutually consistent and self-confirming beliefs. (shrink)