The increased scrutiny of investors regarding the non-financial aspects of corporate performance has placed portfolio managers in the position of having to weigh the benefits of ' holding the market' against the cost of having positions in companies that are subsequently found to have questionable business practices. The availability of stock indexes based on sustainability screening makes increasingly viable for institutional investors the transition to a portfolio based on a Socially Responsible Investment (SRI) benchmark at relatively low cost. The increasing (...) share of socially responsible investments may play a role in providing incentives towards a continuous upgrading of sustainability standards to the extent that their performance is not systematically inferior to that of the other funds. This article examines whether these incentives have been so far detectable with particular reference to the Dow Jones Sustainability Stoxx Index (DJSSI) that focuses on the European corporations with the highest CSR scores among those included in the Dow Jones Stoxx 600 Index. The aim of the article is twofold. First, we analyse the performance of the DJSSI over the period 2001-2006 compared to that of the Surrogate Complementary Index (SCI), a new benchmark that includes only the components of the DJ Stoxx 600 that do not belong to the ethical index to evaluate more correctly the size of possible divergent performances. Second, we perform an event study on the same data set to analyse whether the stock market evaluation reacts to the inclusion (deletion) in the DJSSI. In both cases, the results suggest that the evaluation of the CSR performance of a firm is a significant criterion for asset allocation activities. (shrink)

This book presents an historical and conceptual reconstruction of the theories developed by Meinong and a group of philosophers and experimental psychologists in Graz at the turn of the 19th century. Adhering closely to original texts, the contributors explore Meinong's roots in the school of Brentano, complex theories such as the theory of intentional reference and direct reference, and ways of developing philosophy which are closely bound up with the sciences, particularly psychology. Providing a faithful reconstruction of both Meinong's contributions (...) to science and the school that arose from his thought, this book shows how the theories of the Graz school raise the possibility of engaging in the scientific metaphysics and ontology that for so long have been considered off limits. (shrink)

Many find it plausible to posit a category of supererogatory actions. But the supererogatory resists easy analysis. Traditionally, supererogatory actions are characterized as actions that are morally good, but not morally required; actions that go the call of our moral obligations. As I shall argue in this article, however, the traditional analysis can be accepted only by a view with troubling consequences concerning the structure of the moral point of view. I propose a different analysis that is extensionally correct, avoids (...) the problems of the traditional view, and, incidentally, also defuses any objection to act-consequentialism, or any other first-order moral theory, on grounds that it cannot accommodate the supererogatory. (shrink)

An important constraint on the nature of intrinsic value---the “Supervenience Principle” (SP)---holds that some object, event, or state of affairs ϕ is intrinsically valuable only if the value of ϕ supervenes entirely on ϕ 's intrinsic properties. In this paper, I argue that SP should be rejected. SP is inordinately restrictive. In particular, I argue that no SP-respecting conception of intrinsic value can accept the importance of psychological resonance, or the positive endorsement of persons, in explaining value.

Franz Brentano (1838-1917) led an intellectual revolution that sought to revitalize German-language philosophy and to reverse its post-Kantian direction. His philosophy laid the groundwork for philosophy of science as it came to fruition in the Vienna Circle, and for phenomenology in the work of such figures as his student Edmund Husserl. This volume brings together newly commissioned chapters on his important work in theory of judgement, the reform of syllogistic logic, theory of intentionality, empirical descriptive psychology and phenomenology, theory of (...) knowledge, metaphysics and ontology, value theory, and natural theology. It also offers a critical evaluation of Brentano's significance in his historical context, and of his impact on contemporary philosophy in both the analytic and the continental traditions. (shrink)

In his article “Beyond Point-and-Shoot Morality,” Joshua Greene argues that the empirical findings of cognitive neuroscience have implications for ethics. Specifically, he contends that we ought to trust our manual, conscious reasoning system more than our automatic, emotional system when confronting unfamiliar problems; and because cognitive neuroscience has shown that consequentialist judgments are generated by the manual system and deontological judgments are generated by the automatic system, we ought to trust the former more than the latter when facing unfamiliar moral (...) problems. In the present article, I analyze one of the premises of Greene’s argument. In particular, I ask what exactly an unfamiliar problem is and whether moral problems can be classified as unfamiliar. After exploring several different possible interpretations of familiarity and unfamiliarity, I conclude that the concepts are too problematic to be philosophically compelling, and thus should be abandoned. (shrink)

ABSTRACT:Current literature in moral and political philosophy is rife with discussion of adaptive preferences. This is no accident: while preferences are generally thought to play an important role in a number of normative domains, adaptive preferences seem exceptions to this general rule—they seem problematic in a way that preference-respecting theories of these domains cannot adequately capture. Thus, adaptive preferences are often taken to be theoretically explanatory: a reason for adjusting our theories of the relevant normative domains. However, as I shall (...) argue here, the relentless focus on the phenomenon of preference adaptation is a mistake. While I do not take a stand on whether typical examples of adaptive preferences are or are not problematic, I argue here that if they are problematic, it cannot be because they are adaptive. (shrink)

We explored the influence of negation on cognitive dynamics, measured using mouse‐movement trajectories, to test the classic notion that negation acts as an operator on linguistic processing. In three experiments, participants verified the truth or falsity of simple statements, and we tracked the computer‐mouse trajectories of their responses. Sentences expressing these facts sometimes contained a negation. Such negated statements could be true (e.g., “elephants are not small”) or false (e.g., “elephants are not large”). In the first experiment, as predicted by (...) the classic notion of negation, we found that negation caused more discreteness in the mouse trajectory of a response. The second experiment induced a simple context for these statements, yet negation still increased discreteness in trajectories. A third experiment enhanced the pragmatic context of sentences, and the discreteness was substantially diminished, with one primary measure no longer significantly showing increased discreteness at all. Traditional linguistic theories predict rapid shifts in cognitive dynamics occur due to the nature of negation: It is an operator that reverses the truth or falsity of an interpretation. We argue that these results support both propositional and contextual accounts of negation present in the literature, suggesting that contextual factors are crucial for determining the kind of cognitive dynamics displayed. We conclude by drawing broader lessons about theories of cognition from the case of negation. (shrink)

Actions can be moral or immoral, surely, but can also be prudent or imprudent, rude or polite, sportsmanlike or unsportsmanlike, and so on. The fact that diverse methods of evaluating action exist seems to give rise to a further question: what distinguishes moral evaluation in particular? In this article, my concern is methodological. I argue that any account of the distinctiveness of morality cannot be prior to substantive inquiry into the content of moral reasons, requirements, and concerns. The genuine distinctiveness (...) of morality will become clear only after we have determined what those very reasons, requirements, and concerns really are. (shrink)

A balanced survey of the most important historical and contemporary topics in the philosophy of mind.

What is progressive education? -- Origins of progressive education -- Progressive education in action: what really happens -- Broken promises: why progressive education has failed to deliver -- Making progressive education work: perspectives, conclusions, and recommendations.

In a number of recent discussions of non-standard, Philosophy programs vaarious ages have been identified as the focus for spontaneous or exceptional interest in philosophising. Such claims, supporting a particular population as naturally suited to philosophical inquiry, are based as often as not, on anecdotes that exhibit telling instances of philosophical activity. Needless to say, such motivated activity occurring spontaneously and outside of a formal classroom may occur in many contexts and at various ages. If professional educators egar to support (...) philsophical programs on the basis of the naturalness of the philosophical enterprise are to warrant their interest on the basis of claims to age-appropriateness, some reasonable attempt at gathering empirical data is required. We offer the questionaire on the following pages as a probe to be used by interested educators and others. (shrink)

Seneca in his Moral Epistles to Lucilium ridicules Protagoras’ claim that both sides of any position can be equally well argued. Cicero, on the contrary, in the surviving fragments of his dialogue, the Republic, maintains in the person of Laelius that the thorough exploration of the strengths and weaknesses of any position pro and con is the best and often the only dialectical avenue to the discovery of difficult truths. There are therefore at least two sides to the issue of (...) whether philosophers ought to address their arguments to the two sides of any issue. This paper examines the epistemic advantages and disadvantages of the same reasoning agent playing both roles of advocate and critic, as opposed to encouraging only distinct independently minded reasoning agents each to consider any of the opposing sides of an issue in dispute. The question in argumentation theory posed by this inquiry in simplest terms is whether a single thinker considering both sides of an issue is more able to arrive at truth, or whether, as the popular adage has it, two minds are inherently dialectically better than one. The answer proposed here is that it does not matter provided that the conflict of opposing views are in some manner resolved with the sincere intention of arriving at the truth. (shrink)

Based on an original synthesis of the work of Marx and Bergson, the key theorists of capitalism and creativity, the book presents an astonishing analysis of ...

In the appropriate contexts reasoning is a powerful tool for producing intersubjective agreement about what counts as the best answer to a question that generates inquiry; sometimes employing arguments can lead to agreement about what is the right answer. In this paper we hope to show, however, that unabashed optimism about the power of argument is misplaced. Such optimism rests on an implausible picture of the power of articulation. Sentences cashed out as reasons to believe another sentence is true cannot (...) bridge large gaps in substantive understanding. A failure to realize this fact, moreover, leads to an uncautious and unreflective optimism about the power of argument that ultimately threatens the very reasons-giving process. What is needed, then, is a much more modest sense of the role of argument. (shrink)

A clear and accessible introduction to the philosophy of mind, ideal for use on undergraduate courses.

In this paper we argue that the moral value of an agent is determined solely by their dispositions to act intentionally and freely. We then put this conclusion to work. It resolves a putative moral paradox first posed by Saul Smilansky, and it undermines a prominent line of argument for a variety of Trinitarian theology. Finally, we derive our conclusion about the moral worth of agents not only from our initial series of thought experiments, but also from Abrahamic theism itself. (...) This means that Smilansky’s paradox can only possibly be rehabilitated by an atheist, and that the aforementioned line of argumentation for the Trinity is radically self-undermining, since it relies upon the denial of a corollary of Abrahamic theism. (shrink)

In moral dilemmas, where circumstances prevent two or more equally justified prima facie ethical requirements from being fulfilled, it is often maintained that, since the agent cannot do both, conjoint obligation is overridden by Kant's principle that ought implies can, but that the agent nevertheless has a disjunctive obligation to perform one of the otherwise obligatory actions or the other. Against this commonly received view, it is demonstrated that although Kant's ought-can principle may avoid logical inconsistency, the principle is incompatible (...) with disjunctive obligation in standard deontic logic, and that it entails paradoxically that none of the conflicting dilemma actions will in fact occur. The principle appears to provide the only plausible safeguard against deontic antinomy, but cannot be admitted because of its collision with considered moral judgments. (shrink)

This paper explores a form of communion between persons that the philosophy of value has a tendency to ignore. In discussions of interpersonal relationships and experiences, focus is almost always directed to the phenomenon of friendship and family: two or more individuals that share a history, have longstanding relationships of mutual care. Friendship is said, among other things, to be of intrinsic value, to directly benefit the friend, to generate special obligations, and to yield advances in a person’s virtue. But (...) friendship constitutes a small fraction of the valuable interactions we have with others. Friendship is compatible with, but is not necessary for, what we might call “fellowship": the experience of being _with_ others (whether or not one has any deeper personal relationship with said others). In this paper, I provide an account of the nature of fellowship, and explore its evaluative merit. I argue that there are good reasons to think that, like friendship is often taken to be, fellowship is of intrinsic value, and should be counted as part of the pantheon of robust human goods. (shrink)

(2013). The Authority of Competence and Quality as Extrinsic. British Journal for the History of Philosophy: Vol. 21, No. 1, pp. 78-99. doi: 10.1080/09608788.2012.689752.

Meinong's doctrine of the modal moment and the watering-down of extranuclear properties to surrogate nuclear counterparts was offered in response to Russell's problem of the existent round square. To avoid an infinite regress of successively watered-down factualities, Meinong stipulates that the modal moment itself cannot be watered-down. This limits free assumption, since it means that the idea of the existent-cum-modal-moment round square cannot be entertained in thought. It is possible to eliminate the modal moment and watering-down from Meinongian semantics in (...) favor of a strict enforcement of the distinction between nuclear and extranuclear properties. This provides a simpler, more economical Meinongian object theory, and regains unrestricted free assumption. (shrink)

The origins of object theory in the philosophical psychology and semantics of Alexius Meinong and the Graz school can be traced both to the insight and failure of Franz Brentano's immanent objectivity or intentional in-existence thesis. The immanence thesis is documented, together with its critical reception in Alois Höfler's Logik, Twardowski's Zur Lehre vom Inhalt und Gegenstand der Vorstellungen, and Meinong's mature Gegenstandstheorie, in which immanent thought content and transcendent intentional object are distinguished, and Brentano's thesis of immanent intentionality as (...) the mark of the mental is reinterpreted to imply that only content is the immanently intentional component of presentations. Brentano's thought from the early immanence thesis through the so-called Immanenzkrise and his later reism is explored against the background of his students' reactions to the original 1874 intentionality thesis and its idealist implications, in the emergence of Meinong's object theory and Edmund Husserl's transcendental phenomenology. Finally, Brentano's reism in the later ontology is critically examined, as his solution to ontic problems of immanent intentionality, limiting intentional objects to transcendent concrete particulars. (shrink)

An unconventional formalization of the canonical square of opposition in the notation of classical symbolic logic secures all but one of the canonical square’s grid of logical interrelations between four A-E-I-O categorical sentence types. The canonical square is first formalized in the functional calculus in Frege’s Begriffsschrift, from which it can be directly transcribed into the syntax of contemporary symbolic logic. Difficulties in received formalizations of the canonical square motivate translating I categoricals, ‘Some S is P’, into symbolic logical notation, (...) not conjunctively as \, but unconventionally instead in an ontically neutral conditional logical symbolization, as \. The virtues and drawbacks of the proposal are compared at length on twelve grounds with the explicit existence expansion of A and E categoricals as the default strategy for symbolizing the canonical square preserving all original logical interrelations. (shrink)

Philosophers, like generals, tend to fight the last war. While activists and policy-makers are in the trenches fighting the problems of today, intellectuals are typically studying the problems of yesterday. There are some good reasons for this. It is more difficult to assess and interpret present events than those which are behind us. Time is needed for reflection and to gather reliable information about what has occurred. The desire to understand leads to a style of life that is primarily contemplative (...) and retrospective. (shrink)

English interpretations, appropriations, and transpositions of the figure of Don Quixote play a pivotal role in eighteenth-century constructions of so-called English national character. A corpus of quixotic narratives worked to reinforce the centrality of Don Quixote and the practice of quixotism in the national literary landscape. They stressed the man from La Mancha’s eccentricity and melancholy in ways inextricable from English self-constructions of these traits.2 This is why Stuart Tave is able to write that eighteenth-century Britons could “recast” Don Quixote (...) in a fashion that followed “national pride” in the “freedom” of their humors.1 However, Don Quixote’s integral place in patriotic self-constructions was troubled by gender. While national character was construed as masculine by default, quixotism’s association with masculinity was complicated by the potential passive penetrability of quixotism and the proliferation of narratives about female quixotic readers. This essay will analyze these tensions. Henry Fielding’s Joseph Andrews (1742) and Laurence Sterne’s Tristram Shandy (1759–67) are key examples of quixotic texts that respond to the figure of the female quixote by interrogating the relationship between Englishness, masculinity, and quixotism. (shrink)

John Buridan's Sophismata contains some of the most interesting puzzles and paradoxes of any of the many surviving medieval informal logic manuals. Buridan's purpose is not only to illustrate and challenge Aristotelian syllogistic with difficulties of interpretation, but also in part to lay logical philosophical foundations for a radically nominalistic ontology in the tradition of William of Ockham.

AN EMPIRICIST, ONE MIGHT THINK, OUGHT TO BE AGNOSTIC about the existence of the external world. That, anyway, is the received wisdom of respected empiricists such as David Hume. In A Treatise of Human Nature, book I, part II, section VI, Of the idea of existence, and of external existence, Hume argues that.

In this paper, we conduct a secondary analysis of The Institute of Educational Sciences’ (IES) 2011-2012 Schools and Staffing Survey (SASS) data, a self-reported, nationally representative database to examine: (a) the average caseload of students with disabilities and emergent bilingual learners within and across social studies content areas, as well how social studies teachers’ caseloads compare with other content area disciplines and (b) the extent and perceived utility of professional development opportunities social studies teachers receive to support both students with (...) disabilities and emergent bilingual learners. (shrink)