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Rules, Incentivization and the Ontology of Human Society

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  • Guzmán, Gabriel
  • Frasser, Cristian

Abstract

Contemporary discussion about the ontology of society identifies two groups of perspectives. One of them, associated with Searle, includes rules in the inventory of elements that constitute social reality. The other one, associated with Smit, Buekens, and du Plessis, claims that rules can be reduced to more fundamental units. Despite the fact that both perspectives seem equally efficient in describing institutional phenomena, we identify both flaws in the viewpoint that dismisses rules and reasons to prefer the alternative position.

Suggested Citation

  • Guzmán, Gabriel & Frasser, Cristian, 2017. "Rules, Incentivization and the Ontology of Human Society," MPRA Paper 117908, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:117908
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    File URL: https://mpra.ub.uni-muenchen.de/117908/1/Manuscript_Rules_incentives_website.pdf
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    References listed on IDEAS

    as
    1. Cyril Hédoin, 2015. "Accounting for constitutive rules in game theory," Journal of Economic Methodology, Taylor & Francis Journals, vol. 22(4), pages 439-461, December.
    2. Starr, Ross M, 1974. "The Price of Money in a Pure Exchange Monetary Economy with Taxation," Econometrica, Econometric Society, vol. 42(1), pages 45-54, January.
    3. Rabin, Matthew, 1993. "Incorporating Fairness into Game Theory and Economics," American Economic Review, American Economic Association, vol. 83(5), pages 1281-1302, December.
    4. Hindriks, Frank & Guala, Francesco, 2015. "Institutions, rules, and equilibria: a unified theory," Journal of Institutional Economics, Cambridge University Press, vol. 11(3), pages 459-480, September.
    5. M. Keith Chen & Venkat Lakshminarayanan & Laurie R. Santos, 2006. "How Basic Are Behavioral Biases? Evidence from Capuchin Monkey Trading Behavior," Journal of Political Economy, University of Chicago Press, vol. 114(3), pages 517-537, June.
    6. Smit, J. P. & Buekens, Filip & du Plessis, Stan, 2011. "What Is Money? An Alternative To Searle'S Institutional Facts," Economics and Philosophy, Cambridge University Press, vol. 27(1), pages 1-22, March.
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    Cited by:

    1. Frasser, Cristian & Guzmán, Gabriel, 2024. "The Plurality of Economic Classifications: Toward a New Strategy for Their Investigation," MPRA Paper 121166, University Library of Munich, Germany.

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    More about this item

    Keywords

    Ontology; money; rules; institutions; incentives;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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