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Unformatted text preview: same as the cause of the agents social, political, or economic act 3. Less accurate predictions, but more accurate description after the fact C. If A, one will tend to favor highly regulated practices and institutions If B, one will think regulation is a waste of time because human acts and motivations vary too much. II. What establishes or grounds the financial institutions practices, and, what makes people respect or accept the acts of banks, agents, money, and other practices/institutions? A. Answer: collective intentionality and status functions (See, E.g. John Searle, The Construction of Social Reality , 1995) B. There are collectively established rules and practices, like lending regulations, and there are individual intentions and plans within them. C. Institutional facts...
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- Spring '11