Conventional agency theory typically focuses on a unidirectional problem, in which an agent behaves opportunistically against the interests of a principal. Yet, this conceptualization is too limited to fully describe all aspects of principal–agent relationships. This article presents a more comprehensive framework explaining a potential three-directional problem—that is, agents behave opportunistically against the interests of principals, principals behave opportunistically against the interests of agents, and relationships between agents and principals representing confluence of interests affect the interests of third-party stakeholders. The (...) article provides evidence of these problems, describes their unique characteristics, and outlines implications for society. It concludes with a discussion focusing on the implications of the proposed framework for purported governance solutions, the ongoing debate between shareholder and stakeholder views of the firm, and business practices. (shrink)

Recent perspectives on community investments suggest that they are opportunities for firms to create value for shareholders and other stakeholders. However, many corporate managers are still influenced by a widely held belief that such investments erode profits and are therefore unjustifiable from an agency perspective. In this paper, we refine and test theory regarding countervailing forces that influence community-based firm performance. We hypothesize that high levels of available slack will be associated with higher community-based performance, but that this relationship will (...) be moderated by three important governance variables: board independence, investment fund ownership, and CEO ownership. We find support for our hypotheses in longitudinal study of a large sample of U.S. corporations. (shrink)

This article focuses on the ways that sexual risk behaviors are related to race, class, and gender among low-income, culturally diverse women in South Florida. Data concerning sexual risk and gender are presented in terms of race and class variations. Results indicate that, in general, these women have a high degree of knowledge about acquired immune deficiency syndrome, a quite contemporary awareness of women's gendered subordination, and a lack of trust in heterosexual relationships. Attitudes, beliefs, and knowledge, however, are not (...) translated into sexual behaviors with men partners that would reduce their vulnerability to infection with the human immunodeficiency virus. The data indicate that race is a major factor that places women into an underclass position. Consequently, without socioeconomic resources, gendered behaviors have a direct influence on sexual risk. Multivariate analyses indicate that those women who are sex workers are significantly more likely to negotiate safe sex with clients than with main partners. The research not only challenges mainstream thinking about race, class, and gender but also provides overdue information on the vulnerability of women to HIV infection. (shrink)

Harrison, Helen Adelaide's first bishop, Francis Murphy, was baptised in Navan, County Meath, Ireland, on 24 May 1795. His parents were Arthur Murphy and Bridget nee Flood. Baptismal records suggest his siblings included John Joseph, Arthur, Catherine, John Joseph Michael and Christopher. It is unlikely that all of these survived for long because by the time Francis Murphy was Bishop of Adelaide, he was writing to 'my sister' and 'my brother'.

In lieu of an abstract, here is a brief excerpt of the content:Ill HUME ON THE MORALITY OF PRINCES "There is a maxim very current in the world," says Hume (Treatise III, ii, sec. 11) "that there is a system of morals calculated for princes, much more free than that which ought to govern private persons. " He interprets the maxim to mean that "the morality of princes... has not the same force as that of private persons, and may lawfully (...) be transgress 'd from a more trivial motive." And he gives as an example: "we must necessarily give a greater indulgence to a prince or minister, who deceives another; than to a private gentleman, who breaks his word of honour" (T 569). This passage, cryptic though it is, makes Hume sound bad. He seems to be a cynic, or a skeptic, or an immoralist, with respect to the morality of nations. Does he think that princes have a special right to act immorally? Even worse is the reason he gives: international relations just don't matter very much, he says. And the chapter in question is not just a self-contained essay more or less tacked on to the Treatise. Hume tries to connect it integrally with his theory of justice. The point of the chapter is not to put forward a view about the morality of international relations (a view Hume himself admits may be found shocking), but to demonstrate the power of the theory of justice by showing how the "maxim current in the world" can be defended upon the theory's principles. The passage has not won approval from recent commentators. One, Marshall Cohen, labels Hume a "moderate skeptic" with regard to international morality and argues vehemently that Hume's position 2 should be condemned as immoral. Cohen, who thinks that there is only one system of morality and that it 112 applies "with equal force to princes and private persons," evidently thinks any system weakening ordinary standards is immoral by definition. He traces Hume's allegedly morally flawed views to what he regards as a deep flaw in Hume's moral theory, namely, his conventionalism. J. L. Mackie and Jonathan Harrison are both considerably more sympathetic to Hume's general position, but nevertheless are critical of the chapter in question. They agree with Hume's observation that international morality is weaker than private. (Harrison points out that people tend to regard breaches of private morality as more serious than breaches of international morality: "A minister may be dismissed for sexual misconduct, although he breaks solemn treaties with other nations with impunity." But, contrary to Hume, they find this weakness deplorable, Harrison arguing that, given the relative amount of harm princes do, the indulgence allowed them is irrational. Harrison in fact at first agrees with Hume: "He is right, too, in suggesting that the obligations of nations to be just in their dealings with one another is [sic] of less force than the obligations of private persons." But after ten pages he has evidently changed his mind: "[with respect to] what Hume says about the comparative force of the morality of princes and the morality of private persons, though it is clear that there is nothing in principle wrong with Hume's view that the former has less force than the latter... it is doubtful whether he is right in saying that the former do in fact have less force than the latter." Like Cohen, who holds that "Injustice among nations should be regarded as being as reprehensible as injustice among individuals," Harrison concludes (more tentatively than Cohen) "my 113 own feeling... is that though Hume is right in thinking that the morality of princes is commonly regarded as being of less force than private morality, he is wrong... in thinking that... they [sic] are of less force." So none of our commentators agree with Hume that international morality not only is, but is properly, weaker than domestic. How did Hume go wrong? Hume argues that international morality is weaker because the interests at stake are less. Where the interests at stake do not matter very much, Hume thinks, it is not so important what people do, and thus the moral obligations involved are weaker. (Hume thinks this idea... (shrink)

The main purpose of this paper is to bring out some significant humanistic characteristics of Chinese religious thought. My account is limited to what is originally and typically Chinese. That is to say, it will exclude what has been influenced by Buddhism from India or Christianity from the Western world. Some of the theses of this paper are based on scholarly works, while others are drawn from the author's primary experience.

Yoga has come to be an icon of Indian culture and civilization, and it is widely regarded as being timeless and unchanging. Based on extensive ethnographic research and an analysis of both ancient and modern texts, Yoga in Modern India challenges this popular view by examining the history of yoga, focusing on its emergence in modern India and its dramatically changing form and significance in the twentieth century. Joseph Alter argues that yoga's transformation into a popular activity idolized for (...) its health value is based on modern ideas about science and medicine. Alter centers his analysis on an interpretation of the seminal work of Swami Kuvalayananda, one of the chief architects of the Yoga Renaissance in the early twentieth century. From this point of orientation he explores current interpretations of yoga and considers how practitioners of yogic medicine and fitness combine the ideas of biology, physiology, and anatomy with those of metaphysics, transcendence, and magical power. The first serious ethnographic history of modern yoga in India, this fluently written book is must reading not only for students and scholars but also practitioners who seek a deeper understanding of how yoga developed over time into the exceedingly popular phenomenon it is today. (shrink)

It is time for a new paper about open questions in the currently very active area of randomness and computability. Ambos-Spies and Kučera presented such a paper in 1999 [1]. All the question in it have been solved, except for one: is KL-randomness different from Martin-Löf randomness? This question is discussed in Section 6.Not all the questions are necessarily hard—some simply have not been tried seriously. When we think a question is a major one, and therefore likely to be hard, (...) we indicate this by the symbol ▶, the criterion being that it is of considerable interest and has been tried by a number of researchers. Some questions are close contenders here; these are marked by ▷. With few exceptions, the questions are precise. They mostly have a yes/no answer. However, there are often more general questions of an intuitive or even philosophical nature behind. We give an outline, indicating the more general questions.All sets will be sets of natural numbers, unless otherwise stated. These sets are identified with infinite strings over {0, 1}. Other terms used in the literature are sequence and real. (shrink)

Sartre’s Critique of Dialectical Reason ranks with Being and Nothingness as a work of major philosophical significance, but it has been largely neglected. The first volume, published in 1960, was dismissed as a Marxist work at a time when structuralism was coming into vogue; the incomplete second volume has only recently been published in France. In this commentary on the first volume, Joseph S. Catalano restores the Critique to its deserved place among Sartre’s works and within philosophical discourse as (...) a whole. Sartre attempts one of the most needed tasks of our times, Catalano asserts—the delivery of history into the hands of the average person. Sartre’s concern in the Critique is with the historical significance of everyday life. Can we, he asks, as individuals or even collectively, direct the course of our history? A historical context for our lives is given to us at birth, but we sustain that context with even our most mundane actions—buying a newspaper, waiting in line, eating a meal. In looking at history, Sartre argues, reason can never separate the historical situation of the investigator from the investigation. Thus reason falls into a dialectic, always depending upon the past for guidance but always being reshaped by the present. Clearly showing the influence of Marx on Sartre’s thought, the Critique adds the historical dimension lacking in Being and Nothingness. In placing the Critique within the corpus of Sartre’s philosophical writings, Catalano argues that it represents a development rather than a break from Sartre’s existentialist phase. Catalano has organized his commentary to follow the Critique and has supplied clear examples and concrete expositions of the most difficult ideas. He explicates the dialogue between Marx and Sartre that is internal to the text, and he also discusses Sartre’s Search for Method, which is published separately from the Critique in English editions. (shrink)

Solves Vann McGee's counterexample to Modus Ponens within classical logic by disclosing the suppressed premises and bringing them /within/ the argument.

It is hard to think of two philosophers less alike than St. Thomas Aquinas and Jean-Paul Sartre. Aquinas, a thirteenth-century Dominican friar, and Sartre, a twentieth-century philosopher and atheist, are separated by both time and religious beliefs. Yet, for philosopher Joseph S. Catalano, the two are worth bringing together for their shared concern with a fundamental issue: the uniqueness of each individual person and how this uniqueness relates to our mutual dependence on each other. When viewed in the context (...) of one another, Sartre broadens and deepens Aquinas’s outlook, updating it for our present planetary and social needs. Both thinkers, as Catalano shows, bring us closer to the reality that surrounds us, and both are centrally concerned with the place of the human within a temporal realm and what stance we should take on our own freedom to act and live within that realm. Catalano shows how freedom, for Sartre, is embodied, and that this freedom further illuminates Aquinas’s notion of consciousness. ​ Compact and open to readers of varying backgrounds, this book represents Catalano’s efforts to bring a lifetime of work on Sartre into an accessible consideration of philosophical questions by placing him in conversation with Aquinas, and it serves as a primer on key ideas of both philosophers. By bringing together these two figures, Catalano offers a fruitful space for thinking through some of the central questions about faith, conscience, freedom, and the meaning of life. (shrink)

This paper uncovers a much-neglected ambiguity in Kant’s conception of rational religion, namely, a confusion regarding the public communicability of moral faith, which would in turn render faith and knowledge indistinguishable. The few scholars who have noticed this ambiguity pursue its epistemic dimensions, but this paper explores its ramifications for Kant’s claim that coherent moral agency requires religious faith, taking issue with Lawrence Pasternack’s recent interpretation. Once one notices Kant has two methods for distinguishing conviction from persuasion, one is better (...) able to understand the connection he draws between religious conviction and conscientious character, and the corresponding connection between mere persuasion and spurious faith. While Kant does not explicitly acknowledge this parallel, this paper reveals that it is in play across the Kantian corpus, and is especially perspicuous in his analysis of the biblical figures of Job and his comforters. (shrink)

In lieu of an abstract, here is a brief excerpt of the content:The Script RoseJoseph S. CatalanoLearning to read words, musical notes or numbers is a process by which we attach sounds, pictures and meanings to marks. Looked at in this way, the English script “rose” is a sign of a sound, a picture or a meaning. But when we read fluently is the word “rose” a sign? I think not; and I shall try to make a case that, to (...) the properly disposed reader, the script “rose” (hereafter written rose) is a rose.ITo have the perspective I require on reading, a quasi-Davidsonian distinction between causes and reasons may be useful. Early training in matching marks with sounds and pictures, surface irritations of light on the eye, stimulation and fixing of our entire neurological complex are all part of the causal network of our ability to read. But none of these causes are the reasons for our ability to be absorbed in reading a text.Of course, a distinction between causes and reasons does not, of itself, explain how the written page can be a world in which we find things such as roses. In order to see how the script rose got to be a rose, it is useful to suspend the usual questions that we ask about written language. Thus, we must not concern ourselves about the ambiguity that might arise because the word rose can be taken to mean a flower, a hue or a person, nor about what happens when we translate from one language to another, nor about the distinction between a sign, whether natural or artificial, and what is signified, nor whether written language [End Page 85] corresponds to something other than itself, nor the question of the meaning of meaning.IIWe created better than we knew, when we invented writing. We intended to represent the spoken word; but we made roses, dreams and lives exist as marks on a page. If this seems mysterious, it is a mystery that is present in every artifact, and what I seek is a perspective on written language precisely as an artifact.Of course, scripts are artifacts, but what I am after is the workmanship. The workmanship is both obvious and hidden. It is there for us to see; it is what we read. But we do not see it as forged over a long period of time just to serve its function as marks that are readable.In general, certain aspects of written language are similar to ordinary artifacts, others are not so. The difference is more obvious than the similarity: Scripts differ from ordinary artifacts, because we first approach them as signs of sounds, pictures or meanings: A child does not learn about sitting by looking at a chair as a sign of a chair; for example, the child does not squat on the floor, when it sees a chair. More importantly, the craftsmanship that gave us written language, especially alphabetic writing, was directed toward forging “arbitrary” marks, and a chair is certainly not an arbitrary representation of something to sit upon. In Quiddities, in the section “A” for “Alphabet,” W. V. Quine neatly summarizes the remarkable feat of discovering meaningless marks to represent sounds.... the full power of writing awaited the convergence of writing with speech, and this reached its early stages five thousand years ago. Depictions of visible objects came to be pressed into phonetic duty on the rebus principle, as if in English we were to write melancholy by depicting a melon and a collie. This expedient was rendered more flexible and powerful, if less picturesque, by devoting the phonetic representations to brief sounds—single consonants or syllables. The sound was represented by a hieroglyph depicting something whose name merely began with that sound. The rebus principle thus gave way to an acrophonic one.It was a notable step of abstraction. Finding a melon and collie in melancholy is a matter of punning with familiar words; extracting a meaningless me-, on the other hand, and meaningless lan-, and so on, calls for appreciating fugitive sounds that are not words and name nothing.(pp. 1–2)[End Page 86]Quine is right to follow the traditional claim that writing... (shrink)

The Routledge Handbook of Philosophy of the City is an outstanding reference source to this exciting subject and the first collection of its kind. Comprising 40 chapters by a team of international contributors, the Handbook is divided into clear sections addressing the following central topics: -/- • Historical Philosophical Engagements with Cities -/- • Modern and Contemporary Philosophical Theories of the City -/- • Urban Aesthetics -/- • Urban Politics -/- • Citizenship -/- • Urban Environments and the Creation/Destruction of (...) Place. -/- The concluding section, Urban Engagements, contains interviews with philosophers discussing their engagement with students and the wider public on issues and initiatives including experiential learning, civic and community engagement, disability rights and access, environmental degradation, professional diversity, social justice, and globalization. -/- Essential reading for students and researchers in environmental philosophy, aesthetics, and political philosophy, The Routledge Handbook of Philosophy of the City is also a useful resource for those in related fields, such as geography, urban studies, sociology, and political science. (shrink)

In dynamic epistemic logic and other fields, it is natural to consider relativization as an operator taking sentences to sentences. When using the ideas and methods of dynamic logic, one would like to iterate operators. This leads to iterated relativization. We are also concerned with the transitive closure operation, due to its connection to common knowledge. We show that for three fragments of the logic of iterated relativization and transitive closure, the satisfiability problems are fi1 11–complete. Two of these fragments (...) do not include transitive closure. We also show that the question of whether a sentence in these fragments has a finite (tree) model is fi0 01–complete. These results go via reduction to problems concerning domino systems. (shrink)

This experimental study provides further support for a theory of meaning first put forward by Bar-Hillel and Carnap in 1953 and foreshadowed by Asimov in 1951. The theory is the Popperian notion that the meaningfulness of a proposition is its a priori falsity. We tested this theory in the first part of this paper by translating to logical form a long, tightly written, published text and computed the meaningfulness of each proposition using the a priori falsity measure. We then selected (...) the top propositions—by a priori falsity—and strung them together to form ad hoc abstracts and compared these abstracts with the published summary. The results were startling: translation to logical form, followed by application of the Asimovian idea and Bar-Hillel/Carnap mathematics as elaborated into an AI/NLP proposal in Fulda (1986, 1988), produced excellent abstracts, thereby providing a proof-of-concept that merely by knowing the logical form of long text passages, one can produce reasonable abstracts of them—without actually understanding the text. We here report on a second experiment analyzing, in the exact same manner, the correspondence that followed the published text of the first experiment. While the results of this confirming experiment are less startling, they nevertheless provide additional confidence in the promise of the technique. In other words, were the results of these two experiments to generalize, that would show that logical form captures much more semantics than has heretofore been considered likely. Far from (as is commonly supposed) being merely the syntactical rewrite of text into formal notation, translation to logical form, even when undertaken with almost no knowledge about the particular predicates, individual constants, or other objects referred to in that form, might capture the core of the meaning in some important sense. -/- Note: There is a key difference in the /style/ of the texts analyzed in I and II in this long paper, divided into two only for practical reasons—space; the first text analyzed is written in a tight mathematical style, while the second is written in the discursive style of philosophy. -/- Finally, the unusual (for me) length of this two-part paper is justified by its being data-driven. (shrink)

Gives what we call "Asimov's Conjecture" that ambiguity can cause lying without lying, in that read one way a statement is tautologous, while read another way presents an iron-clad promise. Solves the conjecture on Asimov's own case by showing how the statement used (as diplomatic deception) is tautologous in propositional logic and an iron-clad promise in predicate logic (with a tense variable). The motivation for the experiment by Fulda & DeFontes (1989) and "Abstracts from Logical Form I/II (2006).".