C. Mantzavinos

This article provides a broad overview of the interplay among cognition, belief systems and institutions, fleshing out a position best characterized as 'cognitive institutionalism'. We argue that a deeper understanding of institutions, emergence, their working properties and their effect on economic performance should start with the analysis of cognitive processes. Exploring the nature of individual and collective learning the article suggests that the issue is not whether agents are perfectly or boundedly rational, but rather how human beings actually reason and choose. We also show how a full treatment of the phenomenon of path dependence should look like; there is a path dependence at the cognitive level, at the institutional level and at the economic level and there are links among them.

There is a long tradition in philosophy and the social sciences that emphasizes the meaningfulness of human action. This tradition doubts or even negates the possibility of causal explanations of human action precisely on the basis that human actions have meaning. This article provides an argument in favor of methodological naturalism in the social sciences. It grants the main argument of the Interpretivists, that is, that human actions are meaningful, but it shows how a transformation of a "nexus of meaning" into a "causal nexus" can take place, proposing the "successful transformation argument."

Die herausragende Stellung Carl Mengers in der Volkswirschaftslehre wird in dogmenhistorischen Studien hauptsächlich darin gesehen, dass er den entscheidenden Schritt in Richtung einer subjektivistisch fundierten Erklärung des Wertes unternommen hat. Das Hauptziel dieses Aufsatzes ist es, zu zeigen, inwiefern in seinem Werk darüber hinaus auch Ansatzpunkte vorhanden sind, die für das moderne Wettbewerbsverständnis theoretisch relevant sind und Menger außer als Preistheoretiker auch als Wettbewerbstheoretiker erscheinen lassen können. Es wird gezeigt, dass alle fünf wichtigen Elemente der modernen Wettbewerbstheorie in mehr oder weniger entwickelter Form in Mengers Werk zu finden sind: der prozessuale Charakter des Wettbewerbs, die Vielfalt an Wettbewerbsparametern, die Bedeutung der Zeit und der Wachstumsaspekt.

This paper defends the claim that social scientists who are interested in the study of institutions should not conduct fights about the meaning of the terms "institution", "organization" and the other terms that are used in the theory of institutions. They should instead concentrate on constructing theories in order to explain the phenomena they are interested in. Defining the terms that one wants to use is a legitimate part of the theoretical endeavor, but it is by no means as important as most institutional theorists tend to think. The paper argues in favor of this claim by drawing on a relevant discussion in the philosophy of science which deals with the role of definitions in the process of constructing a theoretical system.

Explaining phenomena is one of the main activities in which scientists engage. This book proposes a new philosophical theory of scientific explanation by developing and defending the position of explanatory pluralism with the help of the notion of 'explanatory games'. Mantzavinos provides a descriptive account of the explanatory activity of scientists in different domains and shows how they differ from commonsensical explanations offered in everyday life by ordinary people and also from explanations offered in religious contexts. He also shows how an evaluation and a critical appraisal of explanations put forward in different social arenas can take place on the basis of different values. Explanatory Pluralism provides solutions to all important descriptive and normative problems of the philosophical theory of explanation as illustrated in sophisticated case studies from economics and medicine, but also from mythology and religion.