Money as an Institution and Money as an Object


  • Francesco Guala Università degli Studi di Milano


money, social ontology, institutions, folk ontology


The folk conception of money as an object is not a promising starting point to develop general, explanatory metaphysical accounts of the social world. A theory of institutions as rules in equilibrium is more consistent with scientific theories of money, is able to shed light on the folk view, and side-steps some unnecessary puzzles.


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Symposium on Money, Edited by Frank Hindriks and Joakim Sandberg