PSA2016: The 25th Biennial Meeting of the Philosophy of Science Association

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Economic models and the nature of institutions

Prevailing economic theories of institutions and organizations treat them as rational solutions to strategic problems of interaction and coordination. In this paper, I present some of these views and how they figure into the design of economic models. I then question the extent to which they are properly considered theories of the nature of institutions at all. I explore more realistic approaches to the ontology of institutions and examine how these can affect economic models.

Author Information:

Brian Epstein    
Philosophy Department
Tufts University

 

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