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.
|Title of host publication||Institutions in Action|
|Subtitle of host publication||The Nature and the Role of Institutions in the Real World|
|Editors||Tiziana Andina, Petar Bojanic |
|Number of pages||11|
|Publication status||Published - 2020|
|Name||Studies in the Philosophy of Sociality|