Abstract
According to John Searle, money is an institutional entity; it is among the things “that exist only because we believe them to exist”. I believe that Searle’s view is correct in some important respects. At the same time, I argue that money is a real or natural kind, much in the same way as biological species or chemical substances are real kinds about which empirical knowledge can be accumulated. The paper attempts to show the consistency of these assumptions. My argument proceeds in two steps. First, I introduce homeostatic property cluster theory and characterize it as the most adequate account of real kinds that has been developed so far. Second, I reexamine, and to some extent reinterpret, money – one of Searle’s central examples of an institutional kind – and argue that it meets the conditions of a real kind as stated by HPC theory. An important part of the argument is a reconsideration of the circularity problem, i.e., the problem that Searle’s way of analyzing money already seems to presuppose the concept of money.
Keywords Conference Proceedings  Contemporary Philosophy
Categories No categories specified
(categorize this paper)
ISBN(s) 978-1-63435-038-9
DOI 10.5840/wcp23201849999
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 69,066
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

No references found.

Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles

Money and Mental Contents.Sarah Vooys & David G. Dick - 2019 - Synthese 198 (4):3443-3458.
Ontological Ground of Fetish of Money.Li Zhi - 2008 - Proceedings of the Xxii World Congress of Philosophy 17:381-392.
Are Psychiatric Kinds Real?Helen Beebee & Nigel Sabbarton-Leary - 2010 - European Journal of Analytic Philosophy 6 (1):11-27.
A Quantum Theory of Money and Value.David Orrell - 2016 - Economic Thought 5 (2):19.
The Economics Of Life And Death.John McMurtry - 1998 - The Paideia Archive: Twentieth World Congress of Philosophy 28:28-35.
Artefact Kinds as Structural-Cum-Historical Kinds.Maarten Franssen - 2018 - Proceedings of the XXIII World Congress of Philosophy 26:23-27.
What 'Biological Racial Realism' Should Mean.Quayshawn Spencer - 2012 - Philosophical Studies 159 (2):181-204.
The Reference of Natural Kind Terms.Luis Fernández Moreno - 2018 - Proceedings of the XXIII World Congress of Philosophy 53:35-39.
Locke, Natural Kinds, and Essentialism.Judith Kathryn Crane - 1999 - Dissertation, Tulane University

Analytics

Added to PP index
2020-05-08

Total views
6 ( #1,129,170 of 2,498,789 )

Recent downloads (6 months)
2 ( #279,813 of 2,498,789 )

How can I increase my downloads?

Downloads

My notes