Are Institutions Rules in Equilibrium? Comments on Guala’s Understanding Institutions

Research output: Contribution to journalArticle

Abstract

In this comment on Francesco Guala’s Understanding Institutions, I express my admiration for the book but I also raise some critical criticisms: His general account of institutions as rules-in-equilibrium seems to get their ontology wrong by disregarding their material side - their concrete realizations. It also diregards social institutions whose rules are not (and are not meant to be) in equilibrium. Finally, his suggestion that institutional equilibria necessarily involve correlation devices appers to lack justification.

Details

Authors
Organisations
Research areas and keywords

Subject classification (UKÄ) – MANDATORY

  • Philosophy

Keywords

  • Aumann, correlated equilibrium, equilibria, Guala, institutions, Lewis, rules, Searle, social institution
Original languageEnglish
Pages (from-to)569-584
Number of pages16
JournalPhilosophy of the Social Sciences
Volume48
Issue number6
Publication statusPublished - 2018
Publication categoryResearch
Peer-reviewedYes