Institutions
Definition
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Moral entity: an entity that has moral status.
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Institution: a moral entity that is composed of one or more moral entities.
Rules and Principles
- It has a distinct identity
- Its identity is continuous for its entire existence
- It has a defined reason for existence
Implications
- Changing the nature of an institution requires a proven unanimity of votes of the members or the decision of the founding institution
- Institution Founding/Dissolution
- by contract by all founding members
- by decision of a founding institution
- Private Institution
- Examples: a chat thread that does not change the composition of the members or the subject.
Classes of Institutions
- Public Institutions
- Private Institutions