The functions of institutions: etiology and teleology

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 th...

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Veröffentlicht in:Synthese (Dordrecht) 2021-03, Vol.198 (3), p.2027-2043
Hauptverfasser: Hindriks, Frank, Guala, Francesco
Format: Artikel
Sprache:eng
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