Brain in a Vat podcast

Money, Institutions, and Social Groups | J. P. Smit

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What is the nature of social institutions? Is Searle correct that collective agreement is the key to understanding social phenomena, or should we pursue a different theoretical framework?


Smit argues for a different understanding of institutions, which relies on the notion of a coordination game.


Read Smit's publications here: https://philpeople.org/profiles/j-p-smit


[00:00] Introduction and Guest Welcome


[00:15] Thought Experiment: Prison Economy


[01:29] The Nature of Money: Abstract vs. Physical


[02:12] Searle's Explanation of Money


[03:45] Philosophical Debates on Institutional Objects


[05:02] Game Theoretical Account of Money


[08:08] Analogy: Chess and Money


[20:06] Critique of Complex Theories of Money


[24:18] Coordination Games and Social Phenomena


[35:36] Exploring Social Facts and Ontology


[36:46] Human Existence and Social Phenomena


[38:03] Borders and Incentives


[41:47] Dormant Laws and Institutions


[45:41] Legal Definitions and Descriptive Tasks


[53:27] The Nature of Companies and Legal Entities


[01:02:14] Social Groups and Identity


[01:08:17] Concluding Thoughts

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