Reflections on the ontology of money

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Mäki , U 2021 , ' Reflections on the ontology of money ' , Journal of Social Ontology , vol. 6 , no. 2 , pp. 245-263 .

Title: Reflections on the ontology of money
Author: Mäki, Uskali
Contributor organization: Faculty Common Matters
Mind and Matter
TINT – Centre for Philosophy of Social Science
Practical Philosophy
Date: 2021-08-01
Language: eng
Number of pages: 19
Belongs to series: Journal of Social Ontology
ISSN: 2196-9663
Abstract: The suggestions outlined here include the following. Money is a bundle of institutionally sustained causal powers. Money is an institutional universal instantiated in generic currencies and particular money tokens. John Searle's account of institutional facts is not helpful for understanding the nature of money as an institution (while it may help to illuminate aspects of the nature of currencies and money particulars). The money universal is not a social convention in David Lewis's sense (while currencies and money particulars are characterized by high degrees of conventionality). The existence of the money universal is dependent on a larger institutional structure and cannot be understood in terms of collective belief or acceptance or agreement separately focusing on money. These claims have important implications for realism about money.
Subject: Causal powers
Institutional fact
Social ontology
511 Economics
611 Philosophy
Peer reviewed: Yes
Rights: cc_by
Usage restriction: openAccess
Self-archived version: publishedVersion

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