Banking, in common with other areas of finance, is often considered an amoral field focused purely on risk and return. However, ethics does have an important role to play, both traditionally and as business and banking evolve. Based on a speech to a European Union conference on financing small and medium–sized enterprises , this paper seeks to provide an overview of ethics in banking using three terms. Integrity is important to generate the trust necessary for any banking system to flourish, (...) responsibility highlights contemporary banks’ need to take into account the consequences of their lending policies, and affinity refers to a set of relatively novel ways in which depositors and borrowers can be brought closer together than they are in conventional western banking. (shrink)

We re-express a previous general result in a way which seems easier to remember, using the terminology of infinite games. We show how this can be applied to construct recursive linear orderings, showing, for example, that if there is a ▵ 0 2β + 1 linear ordering of type τ, then there is a recursive ordering of type ω β · τ.

This year is being celebrated by a large number of our fellow-countrymen as the centenary of a movement, associated with the name of the University of Oxford, of which, although in its first stage it might easily be mistaken—and has often been mistaken—for a mere wave of theological and ecclesiastical reaction within the Established Church of England, the attentive historian of the nineteenth century must take account as in fact a very powerful influence in the religious and, no less really (...) though to a less degree, in the social and political life of the whole nation. Considerable, however, as is the importance which may justly be attributed in other respects to what is known as the Oxford Movement, the professed student of philosophy may be excused if he is chiefly struck by the apparent remoteness of its original leaders from the currents of speculative thought characteristic of the period in which it began its course. There were perhaps among them only two who can be named as contributors to philosophical literature in the technical sense now commonly borne by the term “philosophical”; and the contributions even of these two can scarcely be said to have taken their place among the works to which an ordinary teacher of philosophy would be likely to direct the attention of his pupils. To these two, however, John Henry Newman and William George Ward, I propose to devote here a few pages which may be found not without interest to readers of Philosophy. (shrink)

The contentions of this paper are essentially two. One is that truth does not consist of verifiability—and still less of verification—in the sense in which this has been maintained by some pragmatists, operationalists, and positivists. The other is that in a certain other sense of “verifiability”, which will be described, truth is the same thing as verifiability. The paper, it should be understood, attempts only to make clear what is and what is not the relation between truth and verifiability. It (...) does not attempt in addition to carry the analysis of verification itself to the point where it would, by implication, furnish a terminal answer to the question, what is truth. The latter task, because of space limitations, must be reserved for some future occasion. (shrink)

In today''s business environment, the knowledge-based society, globalisation, and information and communication technologies (ICT) have increased the role of "intangible" values of assets and resources for all industries. As a result there is an increased role for knowledge intermediaries; one of these, advertising, plays an important role in affecting consumer choice and knowledge. Ethical issues which arise for traditional purveyors of intangibility – cultural industries such as art, music, or film, spread to advertising. Building on our perspective of the measurement (...) of intangibles we propose a new categorisation of types of goods or services, and a framework for identifying some future ethical challenges in today''s global knowledge based society. (shrink)