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We present a logic of agency called LAE whose language includes propositional constants for actions and expectations. The logic is based on Von Wright’s theory of agency in general and his analysis of instrumentality in particular. An axiomatization of the logic, including an independence of agents axiom, is provided and soundness and completeness are shown with respect to its intended class of frames. The framework of LAE will allow us to formally define a manifold of concepts involved in agency theories, including Von Wright’s four elementary forms of action, the notion of forbearance and notions of instrumentality that make reference to an agent’s expectations.