Money as an Institution and Money as an Object

The folk conception of money as an object is not a promising starting point to develop general, explanatory metaphysical accounts of the social world. A theory of institutions as rules in equilibrium is more consistent with scientific theories of money, is able to shed light on the folk view, and s...

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Bibliographic Details
Main Author: Francesco Guala
Format: Article
Language:English
Published: University of Vienna 2022-03-01
Series:Journal of Social Ontology
Subjects:
Online Access:https://journalofsocialontology.org/index.php/jso/article/view/6741
Description
Summary:The folk conception of money as an object is not a promising starting point to develop general, explanatory metaphysical accounts of the social world. A theory of institutions as rules in equilibrium is more consistent with scientific theories of money, is able to shed light on the folk view, and side-steps some unnecessary puzzles.
ISSN:2196-9663