Mind & Society

, Volume 12, Issue 2, pp 177–202

Hegel’s “Objective Spirit”, extended mind, and the institutional nature of economic action

Article

DOI: 10.1007/s11299-012-0111-3

Cite this article as:
Boldyrev, I.A. & Herrmann-Pillath, C. Mind Soc (2013) 12: 177. doi:10.1007/s11299-012-0111-3

Abstract

This paper explores the implications of the recent revival of Hegel studies for the philosophy of economics. We argue that Hegel’s theory of Objective Spirit anticipates many elements of modern approaches in cognitive sciences and of the philosophy of mind, which adopt an externalist framework. In particular, Hegel pre-empts the theories of social and distributed cognition. The pivotal elements of Hegelian social ontology are the continuity thesis, the performativity thesis, and the recognition thesis, which, when taken together, imply that all mental processes are essentially dependent on externalizations, with the underlying pattern of actions being performative. In turn, performative action is impossible without mutual recognition in an intersubjective domain. We demonstrate the implications for economic theory in sketching an externalist approach to institutions and preferences.

Keywords

HegelPerformativityExtended mindRecognitionInstitutional economicsPreferences

JEL Classification

B40B49B52D03

Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  1. 1.National Research University Higher School of EconomicsMoscowRussia
  2. 2.East-West Centre for Business Studies and Cultural ScienceFrankfurt School of Finance and ManagementFrankfurt am MainGermany