Abstract

GUZMAN, Gabriel  and  FRASSER, Cristian. The nature of institutions. The current debate. Rev.econ.inst. [online]. 2017, vol.19, n.37, pp.115-132. ISSN 0124-5996.  https://doi.org/10.18601/01245996.v19n37.06.

This article discusses the ontology of institutions and criticizes the notion that institutions are made only of incentives and individual actions. It is further argued that institutions are not constituted solely on the actions of individuals, and that they have a proper, regulated and linguistic ontology. Several approaches are compared on the sub ject and two main lines of research are identified in the literature: the attempt to construct a unified theory of institutions and a proposal to include constitutive rules in game theory.

Keywords : ontology of society, ontology of institutions, John Searle, rules, incentive action; JEL: B41, B52, Y8.

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