In the canonical view of the corporation, management is the agent of the owners of the corporation-the stockholders-and, as such, has a fiduciary duty to manage the corporation in their best interests. Most business ethicists condemn this arrangement as morally indefensible because it fails to respect the right of other corporate constituencies or “stakeholders” to self-deterrnination. By contrast, the modern agency theory of the firm provides a defense of this arrangement on the grounds that it is the result of stakeholders’ (...) right to self-determination. This paper uses the exarnple of managers’ fiduciary duty to stockholders to argue that different normative judgrnents often mask empirical disagreements. (shrink)

Can we achieve greater fairness by reforming the corporation? Some recent progressive critics of the corporation arguethat we can achieve greater social justice both inside and outside the corporation by simply rewriting or reinterpreting corporate rulesto favor non-stockholders over stockholders. But the progressive program for reforming the corporation rests on a critical assumption,which I challenge in this essay, namely that the rules of the corporation matter, so that changing them can effect a lasting redistribution of wealth from stockholders to non-stockholders. (...) This essay uses a critique of the progressive reform program to argue that the rules ofthe corporation are distributively neutral. The corporation isn't rigged against non-stockholders, and changing its rules will not improve the bargaining power of non-stockholders. However, while the rules may be epiphenomenal from the standpoint of distributive justice, they can have substantial impacts on the corporation's efficiency. As a result, the proposed reforms may hurt the corporation's capacity to generate benefits for all the parties concerned. (shrink)

This article examines the ethical issues raised by the pricing of priceless goods. Priceless goods are defined as ones that are widely held to have some special non-market value that makes them unsuited for buying and selling. One subset of priceless goods isprescription drugs—particularly life-saving and life-enhancing ones. Drug makers are under pressure to price their medicines responsibly, which means to restrain their prices (and profits). However, this article argues that it is precisely because life-saving and life-enhancing medicines are priceless (...) that it is especially urgent to leave companies free to charge market prices for them. (shrink)

Moralists tend to have a low opinion of self-interest. It is seen as force that has to be controlled or transcended. This essay tries to get beyond the bifurcation of human motivations into self-interest (which is seen as vicious or non-moral) and concern for others (which is virtuous). It argues that there are some surprising affinities between self-interest and morality. Notably the principal force that checks self-interest is self-interest itself. Consequently, self-interest often coincides with and reinforces the commands of morality (...) and promotes civility and consideration for others. Therefore it provides us with resources for constructing a more humane and civil society. (shrink)

What are international codes of conduct for? The broad support for such codes masks fundamental differences about their purpose. Corporations see codes of conduct as regimes for regulating their relations with their suppliers in developing countries and—not least—to counter negative publicity. For labor and human rights activists, on the other hand, codes of conduct are levers for forcing positive change in global labor and environmental standards. Here I consider two areas typically covered by codes of conduct—wages and child labor—and identify (...) some of the dangers of using codes to force change. If low wages or child labor are the result of poverty, and can’t be fixed by enlightened corporate policies, then codes will at best leave the underlying problems untouched and at worst will aggravate them. I conclude that we should be cautious about using codes to force higher standards. (shrink)

This paper examines recent communitarian writing about the market. Much of this work explains the loss of community in our times as a result of the expansion of the market and market values. As the market has invaded other domains, such as family andneighborhood, relationships there have become infected by the instability and transience that characterize market relations. Centralto this critique of the market is the view that the market is unable to sustain lasting commitments. This paper tests this hypothesis (...) byexamining the fate of the family—the paradigmatic case of commitment—in three separate historical periods when market orcommercial values were especially dominant. It then extends the analysis to two other component institutions of community—voluntaryand charitable activities. Finally, it examines institutions where so-called market values should presumably hold unchallenged sway,namely in the work place and the marketplace. The paper finds that communitarian values appear to thrive in market society. Instead ofbeing a juggernaut the market may be an endangered species. (shrink)

There is a growing literature that attempts to define the substantive rights of employees in the workplace, a.k.a. the duties of employers toward their employees. Following Nozick, this article argues that — so long as there is a competitive labor market — to set up a class of moral rights in the workplace invades workers' rights to freely choose the terms and conditions of employment they judge best.

In a commercial society, said Adam Smith, “every man becomes in some measure a merchant.” If Smith is right, what does that mean for the character of the society? This paper addresses the character forming effects of the market—and, specifically its impact on the “virtues.” There is a long tradition of viewing commerce as subversive of the virtues. In this view, the market is held to have legitimated the pursuit of narrow self-interest at the expense of social and civic obligations (...) and moral restraints. But, as Albert Hirschman has shown, many Enlightenment moralists saw commercial society as a moralizing force. Which view is right? This paper examines how many of the character traits that we commonly call virtues are rewarded— and so presumably reinforced and diffused—by the market. In this way, the market (as it were by a hidden hand) strengthens its own foundations and reproduces a moral culture that is functional to its own needs. (shrink)

Ian Maitland defends sweatshop labor on the grounds that “A wage or labor practice is ethically acceptable if it is freely chosen by informed workers” (he calls his view “the Classical Liberal Standard,” CLS). I present several examples of economic exchanges that are mutually beneficial and satisfy the requirements of the CLS, but, nonetheless, are morally wrong. Maitland’s arguments in defense of sweatshops are unsuccessful because they depend on the flawed “CLS.” My paper criticizes Maitland’s arguments in (...) defense of sweatshops, but I do not claim that his conclusions are false—I do not claim to have shown that the labor practices Maitland defends are morally wrong. I argue that some of the disagreements about sweatshops between Maitland and his critics depend on disagreements about the answers controversial questions in ethical theory. In the absence of definitive answers to those questions , there are no decisive arguments for or against Maitland’s view about sweatshops. (shrink)

Professor Ian Maitland advances a version of utilitarianism, constrained by Robert Nozick’s minimal state, that finds no connectionbetween the pervasiveness of “market values,” which he gamely pursues, and the kind of problems that dominate our social scene. Inhis judgment, the prevailing tendency towards community or communitarian ends needlessly obstructs freedom, the overriding value of the libertarian-minimal state. When coupled with wrongheaded and perverse policies, communitarianism shackles the free market with crippling inefficiencies. This paper will interrogate Maitland’s characterization of (...) communitarianism, challenge his view that traditional values can be instrumentalized without harming community, and paint a more plausible and complex picture of thecommunitarian tendency. (shrink)

Humanity has sat at the center of philosophical thinking for too long. The recent advent of environmental philosophy and posthuman studies has widened our scope of inquiry to include ecosystems, animals, and artificial intelligence. Yet the vast majority of the stuff in our universe, and even in our lives, remains beyond serious philosophical concern. In _Alien Phenomenology, or What It’s Like to Be a Thing_, Ian Bogost develops an object-oriented ontology that puts things at the center of being—a philosophy in (...) which nothing exists any more or less than anything else, in which humans are elements but not the sole or even primary elements of philosophical interest. And unlike experimental phenomenology or the philosophy of technology, Bogost’s alien phenomenology takes for granted that _all_ beings interact with and perceive one another. This experience, however, withdraws from human comprehension and becomes accessible only through a speculative philosophy based on metaphor. Providing a new approach for understanding the experience of things _as_ things, Bogost also calls on philosophers to rethink their craft. Drawing on his own background as a videogame designer, Bogost encourages professional thinkers to become makers as well, engineers who construct things as much as they think and write about them. (shrink)

The phrase γρòν δωρ in Anacreontic 33.22 requires more explanation than has until now been offered: the parallel passages cited by M. L. West in his edition , namely Ovid, Ars Am. 3.224, ‘nuda Venus madidas exprimit imbre comas’ and Her. 18.104, ‘madidam…imbre comam’, present the same image, but with quite a different vocabulary, whilst Patricia A. Rosenmeyer regards it only as an example of tautology characteristic of the Anacreontic corpus. But it is by no means unique, and, both for (...) this reason and in the context of the nature of the whole poem, it is capable of further elucidation. (shrink)

Despite US policy documents which recommend that in areas of environmental risk, interaction between scientific experts and the public move beyond the so-called “Decide, Announce, and Defend model,” many current public involvement policies still do not guarantee meaningful public participation. In response to this problem, various attempts have been made to define what counts as sufficient or meaningful participation and free informed consent from those affected. Though defining “meaningfulness” is a complex task, this paper explores one under-examined dimension that concerns (...) the relationship between consent and the idea that citizens should be sufficiently informed: epistemic capacity. This paper will look at some of the work on meaningful participation and consent, give a definition of epistemic capacity, and argue that only a community with sufficient epistemic capacity can have the understanding and competence to give informed enough consent and thus participate meaningfully. (shrink)

Environmental groups have worked tirelessly to save several species of endangered fish along the Colorado River, including the humpback chub (Gila cypha). The humpback chub does not seem to have any significant instrumental goods, but these environmentalists have championed its cause nonetheless. If the humpback chub has no instrumental goods, then appealing to another kind of goods is needed to show that it should be preserved. Some environmental ethicists have suggested appealing to the intrinsic goods of a species (or, alternatively, (...) its intrinsic value or inherent value). Drawing on and going beyond John O’Neill’s work, it can be argued that all currently existing (biological) species have their own goods, or intrinsic goods. In terms of the notion of flourishing, the intrinsic goods of a species consist in its abilities to flourish. These goods can be used to construct a defense of the view that a species, even a species such as the humpback chub, ought to be preserved. One way to construct this defense is to appeal to virtue ethics, specifically the virtue of humility. Exercising the virtue of humility in our relations with species that we human beings have endangered involves preserving them along with preserving their intrinsic goods. (shrink)

The findings identified by Zuk et al. (2023) demonstrate the importance of understanding personality, mood, and behavior (PMB) as theory and value-laden concepts. Although their research covered bo...

_ Source: _Volume 5, Issue 2, pp 323 - 343 The following article attempts to bring critical realism to bear on the changing nature of aesthetic value. Beginning with the transitive-intransitive distinction, it is advised that we withhold judgment on the possibility of aesthetic judgment, lest we commit the epistemic fallacy. Without hoping to attain a form of aesthetic value absolutism, a strategy of ‘eliminative realism’ is introduced, which seeks to remove false causes of apparent judgmental relativism. Then a rough (...) sketch of the ontology of art works and art practices is made in order to provide sufficient complexity for the changing aspects of value from different points of view and assumptions. Finally, a case study is given, in the creation of a market of African slingshots in the 1908s, and the theory is tested. The article closes with a plea to take aesthetic value seriously, as a requirement of ideological discussion. (shrink)

Extending a construction of Andreka, Givant, and Nemeti (2019), we construct some finite vector spaces and use them to build finite non-representable relation algebras. They are simple, measurable, and persistently finite, and they validate arbitrary finite sets of equations that are valid in the variety RRA of representable relation algebras. It follows that there is no finitely axiomatisable class of relation algebras that contains RRA and validates every equation that is both valid in RRA and preserved by completions of relation (...) algebras. Consequently, the variety generated by the completions of representable relation algebras is not finitely axiomatisable. This answers a question of Maddux (2018). (shrink)

It is suggested that, pace Michael Golby, recourse to metaphor has little role to play in enabling governing bodies to come to terms with their new and onerous responsibilities. The better way forward is a clearer appreciation of what is demanded of them by law.

This article attempts to utilize the conceptual clarity typical of the work of Lucia Pizzo Russo to address the muddled question of the objectivity of perspective. By separating out the distinct problems of the objectivity of optical geometry, simple sight, and object recognition, we can clarify what we are not discussing when talking about linear perspective. These forms of objectivity are secured. But the claim is still made that linear perspective in pictorial perception is relative, because its results are not (...) consistent and often not relevant to making pictures. In its place, I nominate another objective method, the so-called Egyptian method, outlined by Rudolf Arnheim in his Art and Visual Perception. Therefore, my position is not purely relativist because the dismantling of linear perspective does not suggest that all is conventional. (shrink)

This is an excellent textbook on classical social theory, concentrating on the founding thinkers of sociology - Marx, Weber, Durkheim, and Simmel - and written in an accessible and engaging style. It will become a key text allowing students to assess the enduring significance of these writers in our epoch of major social change, and will be essential reading on classical social theory, sociological theory, and introduction to sociology courses.

On several critical occasions in his philosophical and theological musings, we find Abelard having recourse to what is at heart the same philosophical simile -- in one instance drawing comparison to a stone statue, in another to a bronze statue, in a third to a wax image. The common point of comparison is obvious; each of these examples gives us a case where some physical material has come to receive some manner of shape. The doctrine illustrated by these means is (...) not, as might be supposed, a conventional Aristotelian form/matter metaphysics. (shrink)

Cora Diamond’s discussions of the ethics of our treatment of animals offer a critique of conceptions of morality which regard our ethical responses as founded on reasons which ought to be reasons for anyone. Diamond takes issue with accounts of our treatment of animals based on their possession of capacities which are shared with us. She offers instead a concept of the moral life, as a form of life—inherited, shared and negotiated—only within which can moral reasons count as reasons at (...) all. Our fellow creatures have some share in this life, but one that must be recognized as partial and problematic.In this discussion, we offer an account which is consistent with Diamond’s general perspective. But one which also offers a more generous account of ways in which the discoveries of the ethological sciences dynamically reshape the place of animals in our shared moral life. (shrink)

SummaryThis paper argues that the Tacitean passage (Annales 2.53.3) referring to an actual foedus between Rome and Athens should be accepted, and that the date for this treaty may be assigned to 191 BC.

This deeply informed history traces the controversial record of "mercy-killing," a source of heated debate among doctors and laypeople alike. Dowbiggin examines evolving opinions about what constitutes a good death, taking into account the societal and religious values placed on sin, suffering, resignation, judgment, penance, and redemption. He also examines the bitter struggle between those who stress a right to compassionate and effective end-of-life care and those who define human life in terms of either biological criteria, utilitarian standards, a faith (...) in science, humane medical treatment, the principle of personal autonomy, or individual human rights. Considering both the influence of technological and behavioral changes in the practice of medicine and the public's surprising lack of awareness of death's many clinical and biological dimensions, this book raises profound personal and collective questions on the future of euthanasia. (shrink)

A study of the work of Jean-Paul Sartre and of its relevance for contemporary sociology. Dr Craib sees Sartre as a central figure in modern European thought - providing links between Husserl and Heidegger on the one hand and Marxists and Structuralists on the other. He is concerned to relate Sartre's apparently abstract and often obscure philosophical work to methodological and other research problems in sociology; in particular he uses Sartrean philsophy to criticize the very influential work of Gouldner, Goffman (...) and Garfinkel. In the first part of the book Dr Craib concentrates on Being and Nothingness and considers the way in which Sartre's brand of phenomenology can inform studies of inter-personal relationships. In the second part, he examines La Critique de la raison dialectique, which deals with the wider structure of society, the nature of social classes and the development of history. He goes on to investigate the connections between these two levels of analysis, and the complex inter-relationships between the sociologist, his fellows, his objects of study and his theoretical work. (shrink)

. In responding to David Griffin's critique of my book, Issues in Science and Religion, I suggest that most of the points which he initially presents as differences between us concerning reduction and emergence are resolved in the second half of his article. I spoke of the emergence of higher‐level “properties” and “activities,” rather than “entities,” but my analysis of whole and parts is similar to his, although it was perhaps not always clearly articulated. We agree also that Alfred North (...) Whitehead's God is involved in every event in ways which avoid the problems of the supernatu‐ralist “God of the gaps,” but we differ as to whether God's action might be taken into account in a new “post‐modern” science. (shrink)