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dc.contributor.authorHerrmann-Pillath, Carstenen_US
dc.date.accessioned2011-12-07en_US
dc.date.accessioned2011-12-09T12:30:20Z-
dc.date.available2011-12-09T12:30:20Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/52682-
dc.description.abstractIn recent extensions of the Darwinian paradigm into economics, the replicator-interactor duality looms large. I propose a strictly naturalistic approach to this duality in the context of the theory of institutions, which means that its use is seen as being always and necessarily dependent on identifying a physical realization. I introduce a general framework for the analysis of institutions, which synthesizes Searle's and Aoki's theories, especially with regard to the role of public representations (signs) in the coordination of actions, and the function of cognitive processes that underly rule-following as a behavioral disposition. This allows to conceive institutions as causal circuits that connect the population-level dynamics of interactions with cognitive phenomena on the individual level. Those cognitive phenomena ultimately root in neuronal structures. So, I draw on a critical restatement of the concept of the meme by Aunger to propose a new conceptualization of the replicator in the context of institutions, namely, the replicator is a causal conjunction between signs and neuronal structures which undergirds the dispositions that generate rule-following actions. Signs, in turn, are outcomes of population-level interactions. I apply this framework on the case of money, analyzing the emotions that go along with the use of money, and presenting a stylized account of the emergence of money in terms of the naturalized Searle-Aoki model. In this view, money is a neuronally anchored metaphor for emotions relating with social exchange and reciprocity. Money as a meme is physically realized in a replicator which is a causal conjunction of money artefacts and money emotions.en_US
dc.language.isoengen_US
dc.publisherFrankfurt School of Finance & Management Frankfurt, M.en_US
dc.relation.ispartofseriesWorking paper series // Frankfurt School of Finance & Management 182en_US
dc.subject.jelB52en_US
dc.subject.jelD02en_US
dc.subject.jelD87en_US
dc.subject.jelE40en_US
dc.subject.jelZ1en_US
dc.subject.ddc330en_US
dc.subject.keywordGeneralized Darwinismen_US
dc.subject.keywordinstitutionsen_US
dc.subject.keywordreplicator/interactoren_US
dc.subject.keywordSearleen_US
dc.subject.keywordAokien_US
dc.subject.keywordnaturalismen_US
dc.subject.keywordmemesen_US
dc.subject.keywordemotionsen_US
dc.subject.keywordmoneyen_US
dc.titleNaturalizing institutions: Evolutionary principles and application on the case of moneyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn678803854en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:fsfmwp:182-
Appears in Collections:Frankfurt School - Working Paper Series, Frankfurt School of Finance and Management

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