This paper seeks to discover whether companies that adopt a stakeholder approach, and thereby demonstrate a wider remit of corporate responsibility, provide inferior returns to those that embrace the shareholder value approach. To classify approaches, mission statements were analysed, the final sample comprising 32 shareholder oriented companies and 48 stakeholder oriented companies. To assess performance both accounting–based and market–based measures were used. A number of moderating variables were taken into account: systematic (beta) risk, gearing (long–term debt to total long–term finance), (...) tax ratios, and firm size. ANOVA and Kruskall–Wallis tests revealed that mission orientation did not affect performance, whether in terms of stock returns or excess returns. Neither were accounting returns on equity different overall, although shareholder oriented companies experienced wider variations in this measure. A number of multiple regressions were also performed. However, the mission dummy was not found to be a significant variable. (shrink)

This article addresses the question whether epistemic emotions are in any sense inherently metacognitive. The paper begins with some critical discussion of a recent suggestion made by Joelle Proust, that these emotions might be implicitly or procedurally metacognitive. It then explores the theoretical resources that are needed to explain how such emotions arise and do their work. While there is a perennial temptation to think that epistemic emotions are somehow about the cognitive states of the person undergoing the emotion, we (...) will see that such views can and should be resisted. (shrink)

This paper examines the points of disagreement between Neo-Darwinian and recent Neo-Aristotelian discussions of the status of purposive language in biology. I discuss recent Neo-Darwinian “evolutionary” treatments and distinguish three ways to deal with the philosophical status of teleological language of purpose: teleological error theory, methodological teleology, and Darwinian teleological realism. I then show how “non-evolutionary” Neo-Aristotelian approaches in the work of Michael Thompson and Philippa Foot differ from these by offering a view of purposiveness grounded in life-cycle patterns, rather (...) than in long-term evolutionary processes or natural selection. Finally, I argue that the crucial difference between Neo-Darwinian and Neo-Aristotelian approaches regards the question of whether or not reproduction deserves the status of an “ultimate” aim of organisms. I offer reasons to reject the concept of an “ultimate” aim in evolutionary biology and to reject the notion that reproduction serves a purpose. I argue that evolutionary biology is not in the position to determine what the “ultimate” explanation of natural purpose is. (shrink)

This article outlines a training activity that can enable both business and governmental professionals to translate the principles in a code of ethics to a specific list of company-related behaviors ranging from highly ethical to highly unethical. It also explores how this list can become a concrete model to follow in making ethical decisions. The article begins with a discussion as to what will improve ethical decision making in business and government. This leads us to explore the factors that can (...) most easily lead to improvement, namely a comprehensive code of conduct and employee training. From there we look at the Critical Incident Technique as a training strategy that has the potential for identifying those behaviors that distinguish really outstanding behaviors from those that go by the book, and can be used to encourage more independent thinking and to set expectations for future decisions. If employees are given the skills and examples that will enable them to make better decisions, they can apply them to any situation. (shrink)

Cramer et al.'s critique of latent variables implicitly advocates a type of scientific anti-realism which can be extended to many dispositional constructs in scientific psychology. However, generalizing Cramer et al.'s network model in this way raises concerns about its applicability to psychopathology. The model could be improved by articulating why a given cluster of symptoms should be considered disordered.

Clinicians and cognitive scientists typically conceive of delusions as doxastic—they view delusions as beliefs. But some philosophers have countered with anti-doxastic objections: delusions cannot be beliefs because they fail the necessary conditions of belief. A common response involves meeting these objections on their own terms by accepting necessary conditions on belief but trying to blunt their force. I take a different approach by invoking a cognitive-phenomenal view of belief and jettisoning the rational/behavioural conditions. On this view, the anti-doxastic claims can (...) be rejected outright, and doxasticism can be defended. I call this the cognitive phenomenological defence of doxasticism. (shrink)

Various aspects of poetic meaning are discussed, centred on the relation of form and content. A C Bradley's thesis of form-content identity, suitably reformulated, is defended against criticisms by Peter Kivy. It is argued that the unity of form-content is not discovered in poetry so much as demanded of it when poetry is read 'as poetry'. A shift of emphasis from talking about 'meaning' in poetry to talking about 'content' is promoted, as is a more prominent role for 'experience' (...) in characterising responses to poetry and its value. It is argued that the key to poetic meaning lies less in a theory of meaning, more in a theory of poetry, where what matters are modes of reading poetry. Content-identity in poetry is said to be 'interest-relative' such that no absolute answer, independent of the interests of the questioner, can determine when a poem and a paraphrase have the same content. Interpretation of poetry need not focus exclusively on meaning, but on ways in which the experience of a poem can be heightened. (shrink)

Following Manne (1966, Insider Trading and the Stock Market (New York, Free Press)) we introduce a distinction between insider trading and market manipulation on the one hand and corporate insiders versus misappropriators on the other hand. This gives rise to four types of alleged inside transactions. We argue that the literature on insider trading has often targeted inside transactions type II, III and IV but that these arguments do not necessarily hold for type I transactions. We look for consequentionalist as (...) well as non-consequentionalist arguments against type I transactions and demonstrate that these are hard to find. Throughout the article we refer extensively to the economic literature on insider trading in order to overcome a relative divide between the economic, legal, and philosophical discussion on insider trading. (shrink)

I explore the evolution of strategies in an Augmented Stag Hunt game that adds a punishing strategy to the ordinary Stag Hunt strategies of cooperating, which aims for optimality, and defecting, which “plays it safe.” Cooperating weakly dominates punishing and defecting is the unique evolutionarily stable strategy. Nevertheless, for a wide class of Augmented Stag Hunts, polymorphic strategies combining punishing and cooperating collectively have greater attracting power for replicator dynamics than that of the ESS. The analysis here lends theoretical support (...) to the altruistic punishment hypothesis in the social sciences. (shrink)

As plagiarism is a notion specific to a particular culture and epoch, and is also understood in a variety of ways by individuals, particular attention must be paid to the putting of the phenomenological question, What is plagiarism in its appearing? Resolution of this issue leads us to locate students' perceptions and opinions within the lifeworld, and to seek an initially idiographic set of descriptions. Of twelve interview analyses, three are presented. A student who took an especially anxious line, his (...) morality having to do with the fear of being shamed were he to be accused of plagiarism in his work. A student who saw academic development as the movement from dependence on respected authors such that the novice's work is near plagiaristic, to autonomy and self-assured originality. A student whose degree involved painting and art history—disciplines with very distinct understandings of plagiarism. To combat plagiarism, then, one must not assume that students have a prior grasp of the unequivocal meaning of the notion, but must accept that a process of acculturation is required. (shrink)

We argue that pre-cueing studies show that perception is cognitively penetrated via mental imagery. It is important to be clear about the relation between attention and mental imagery here. We do not want to question the role of attention in pre-cueing studies. After all, it is attention that is being pre-cued. The pre-cue draws attention to certain features, which via top-down connections induces mental imagery for the pre-cued properties, which, then, after stimulus-presentation, interacts with and influences the online computations that (...) process stimulus features. That is, what mediates the cognitive penetration of perceptual processing is not pre-cued attention, but cue-induced mental imagery. (shrink)

The Collective Imagination explores the social foundations of the human imagination. A comprehensive audit of the creativity claims of the post-modern age - that finds them badly wanting and looks to the future - this book will appeal to sociologists and philosophers concerned with cultural theory, cultural and media studies and aesthetics.

We appreciate Meynen’s examination of ethical implications of using neurotechnologies to decode neural data and make inferences about cognitive processes. Here, we address three issues that we beli...

The volume concludes with a specially-written reply by Sen, in which he responds to his critics and provides a rich commentary on the preceding essays.

This book is available either individually, or as part of the specially-priced Arguments of the Philosphers Collection.

Between innocence and commitment: speculation and experience -- Reasonable commitment -- Some comparisons -- Commitment to reason and to scientific realism -- Humanist commitment -- Humanism and the cosmic agent -- Commitment to God -- Corollaries.

Coming from Hubert Dreyfus’ recent book ‘‘Retrieving Realism”, the paper presents embodied pre-conceptual perception and representational cognition as two contrasting perspectives on accessing the world. It further characterises the ‘different forms of knowledge emerging from these perspectives and how they dynamically relate to each other. Taking up the Peircean theory of signs and abductive reasoning as methods of discovery, computers are analysed as semiotic machines that formally model and objectify explicit knowledge about social practices and that can be embedded in (...) the sign processes of thereby restructured practices. This practice theoretical perspective allows for both, understanding the limits of AI and pointing to options for productively combining the performance of ‘‘cognitive artifacts” with the tacit skills of knowledge workers. (shrink)

The fact that the emergence of “technoscience,” resulting from the coalescing of science and technology, may have serious social and cultural impact has been debated in recent years particularly with regard to the field of medicine. The present article is exploring the scope and limits of the “technoscientization” of medicine using the example of rare disease patient associations. It is investigated whether and to what extent these organizations adopt technoscientific illness identities and subscribe to the research priorities and objectives of (...) biomedicine. In addition, it is analyzed whether Paul Rabinow’s highly influential concept of biosociality entails a technoscientific model of identity or, quite to the contrary, offers a framework for contesting biomedical ascriptions of identities. As the article shows, patient associations do refer to technoscientific definitions of diseases yet constantly modify and transform them based on their everyday illness experiences. Likewise, the “biosociality” of rare disease patients emerges from the shared experience of having been neglected by mainstream medical research rather than from supposedly objective biomedical classifications. (shrink)

An intellectual biography of Max Weber which uses his most famous work, The Protestant Ethic and the Spirit of Capitalism as its starting point, with wider reference to the social, political, and religious thought of the time.

I explore heterogeneous constructionism, my term for the perspective that science in the making is a process of agents building by combining a diversity of components. Issues addressed include causality and explanation; transcending both realism and relativism; scientists as acting, intervening, and imaginative agents; explanations that span many levels of social practice; counterfactuals in the analysis of causal claims; and practical reflexivity. An analogy from research on the social origins of depression and a sketch from my own experience in socioeconomic (...) modeling are used to motivate and render more concrete the form of heterogeneous constructionism I am advocating. (shrink)

In their study of reasoning with diagrammatic and non-diagrammatic representations, Larkin and Simon (1987) are concerned with _external_ representations and explicitly avoid drawing inferences about the bearing of their work on the issue of internal, mental representations. Nonetheless, we may infer the bearing of their work on internal representations from the theories of Kosslyn, Finke and other ‘pictorialists’ who take internal representations to be importantly like external ones regarding their ‘privileged’ spatial properties of depicting and resembling their referents. Thus, Finke (...) (1990) suggests that “perceptual interpretive processes are applied to mental images in much the same way that they are applied to actual physical objects. In this sense, imagined objects can be “interpreted” much like physical objects” (1990, p. 18). Elsewhere he suggests that “The image discoveries which then ‘emerge’ resemble the way perceptual discoveries can follow the active exploration and manipulation of physical objects” (1990, p. 171). (shrink)

The compatibilism debate revolves around the question whether moral responsibility and free will are compatible with determinism. Prima facie, this seems to be a substantial issue. But according to the triviality objection, the disagreement is merely verbal: compatibilists and incompatibilists, it is maintained, are talking past each other, since they use the terms “free will” and “moral responsibility” in different senses. In this paper I argue, first, that the triviality objection is indeed a formidable one and that the standard replies (...) to it are unconvincing. This, however, does not mean that the objection succeeds. Starting with the debate about moral responsibility, I attempt to show that there is an account of moral responsibility which enables us to defend the compatibilism debate against the charge of triviality—namely, the normative conception of moral responsibility. If “moral responsibility” is defined in normative terms, then we cannot distinguish between a compatibilist and an incompatibilist sense of “moral responsibility”, because such a disambiguation would be inconsistent with the essential action-guiding force of normative expressions. Finally, I examine how the normative conception of moral responsibility can help us to defend the free will debate against the triviality objection and draw some general conclusions. (shrink)

This paper starts from an assumption defended in the author's previous work. This is that distinctivelyhuman flexible and creative theoretical thinking can be explained in terms of the interactions of a variety of modular systems, with the addition of just a few amodular components and dispositions. On the basis of that assumption it is argued that distinctively human practical reasoning, too, can be understood in modular terms. The upshot is that there is nothing in the human psyche that requires any (...) significant retreat from a thesis of massively modular mental organization. (shrink)

François Huet (1814-1869), a French philosopher, sought to reconcile the principles of Christianity with those of socialism. He argues that each person is entitled to the wealth he/she produces and to an equal share of the wealth from natural resources and from artifacts inherited from previous generations. Unlike Colins, Huet holds that agents have the right to give and bequeath wealth that they have created, but no such right with respect to wealth they inherited or received as a gift. (This (...) view was later endorsed and modified by Rignano.). (shrink)

Dynamical Grammar explores the consequences for language acquisition, language evolution, and linguistic theory of taking the underlying architecture of the language faculty to be that of a complex adaptive dynamical system. It contains the first results of a new and complex model of language acquisition which the authors have developed to measure how far language input is reflected in language output and thereby get a better idea of just how far the human language faculty is hard-wired.

This article analyzes the socio-cultural theories of Adorno, Benjamin, and Brecht through the lens of the theatre, most especially as it pertains to the work of actors. It explores the forces of capitalism that determine how art is produced, distributed, and consumed. Following Adorno’s reading of Marx, actors are here posited as commodities whose labor is separated from the product they create for public consumption. This commodification raises various questions: How does a market economy shape the production and consumption of (...) art? What is technology’s function in the commodification of art? What is art’s sociopolitical role and how does it apply to theatre? To address these questions I juxtapose the cultural theory of Adorno and Benjamin with Brecht’s epic theatre. This comparison exposes the ritualistic potential of the theatre to bring an audience together as a community through sharing a socially enriching event. (shrink)

Conditions for description are general rules to which language must conform if it is to serve descriptive purposes. It is argued that the existence of such rules renders scepticism about them incoherent. The only way we can decide whether or not there are such conditions is by seeing in practice whether or not there are certain rules such that we cannot in fact break them without making language unfit for describing. The case is similar to that of, e.g., the law (...) of contradiction, which is itself a condition for description. If we find other conditions, the sceptic, like anyone else, will have to accept that he is bound by them no less than he is bound by the law of contradiction. (shrink)