Filip Buekens

What does being money consist in? We argue that something is money if, and only if, it is typically acquired in order to realise the reduction in transaction costs that accrues in virtue of agents coordinating on acquiring the same thing when deciding what thing to acquire in order to exchange. What kinds of things can be money? We argue against the common view that a variety of things (notes, coins, gold, cigarettes, etc.) can be money. All monetary systems are best interpreted as implementing the same basic protocol. Money, i.e. the thing that we coordinate on acquiring in order to lower our transaction costs, is, in all cases, a set of positions on an abstract mathematical object, namely a relative ratio scale. The things that we ordinarily call ‘money’ are merely records of positions on such a scale.

When we evaluate the outcomes of investigative actions as justified or unjustified, good or bad, rational or irrational, we make, in a broad sense of the term, evaluative judgments about them. We look at operational accuracy as a desirable and evaluable quality of the outcomes and explore how the concepts of accuracy and precision, on the basis of insights borrowed from pragmatics and measurement theory, can be seen to do useful work in epistemology. Operational accuracy focuses on how a statement fits an explicit or implicit standard set by participants involved in a shared project. While truth can remain a thin semantic property of propositions, operational accuracy, as a quality of an outcome of inquiry and typically attached to a statement, a model, a diagram or a representation is an evaluation based on the non-epistemic goals set by the goal of inquiry, and a substantial evaluative notion. The goals, often made explicit by relevant questions in a context of inquiry, act as a filter, with truths a reliable epistemic method has access to functioning as input, and accurate representations as its output. Responsible inquiry seeks pragmatic equilibrium between what reliable knowledge on the one hand and degrees of accuracy required by the goal of inquiry.

We present an inference to the best explanation of the immense cultural success of Freudian psychoanalysis as a hermeneutic method. We argue that an account of psychoanalytic facts as products of unintended declarative speech acts explains this phenomenon. Our argument connects diverse, seemingly independent characteristics of psychoanalysis that have been independently confirmed, and applies key features of John Searle’s and Eerik Lagerspetz’s theory of institutional facts to the psychoanalytic edifice. We conclude with a brief defence of the institutional approach against more contentious social constructivist approaches to science and psychoanalysis.