Affiliation:
1. University of California, Berkeley
Abstract
The author claims that an institution is any collectively accepted system of rules (procedures, practices) that enable us to create institutional facts. These rules typically have the form of X counts as Y in C, where an object, person, or state of affairs X is assigned a special status, the Y status, such that the new status enables the person or object to perform functions that it could not perform solely in virtue of its physical structure, but requires as a necessary condition the assignment of the status. The creation of an institutional fact is, thus, the collective assignment of a status function. The typical point of the creation of institutional facts by assigning status functions is to create deontic powers. So typically when we assign a status function Y to some object or person X we have created a situation in which we accept that a person S who stands in the appropriate relation to X is such that (S has power (S does A)). The whole analysis then gives us a systematic set of relationships between collective intentionality, the assignment of function, the assignment of status functions, constitutive rules, institutional facts, and deontic powers.
Subject
Economics and Econometrics,Finance
Reference2 articles.
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2. Searle J. R. Collective Intentions and Actions // Intentions in Communication / Cohen P., Morgan J., Pollack M. E. (eds.) Cambridge, MA: MIT Press, 1990 (Reprinted in: Searle J. R. Consciousness and Language. Cambridge: Cambridge University Press, 2002. R. 80-105).
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