What is an institution? And what distinguishes one type of institution from another? We answer these questions using a functionalist approach: types of institutions are identified by their function, or the coordination problems they solve; token institutions are specific solutions to these problems, or equilibria of strategic games. The functionalist approach provides some insights into the limits of reform, or the extent to which institutions – like marriage, property, or democracy – can be modified without turning them into entities of a different kind.
Institutions and Functions / F. Guala, F. Hindriks (STUDIES IN THE PHILOSOPHY OF SOCIALITY). - In: Institutions in Action : The Nature and the Role of Institutions in the Real World / [a cura di] T. Andina, P. Bojanic. - Prima edizione. - [s.l] : Springer, 2020. - ISBN 9783030326173. - pp. 9-19 [10.1007/978-3-030-32618-0_2]
Institutions and Functions
F. Guala
;
2020
Abstract
What is an institution? And what distinguishes one type of institution from another? We answer these questions using a functionalist approach: types of institutions are identified by their function, or the coordination problems they solve; token institutions are specific solutions to these problems, or equilibria of strategic games. The functionalist approach provides some insights into the limits of reform, or the extent to which institutions – like marriage, property, or democracy – can be modified without turning them into entities of a different kind.
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