Shareholders are sometimes considered to be, in moral terms, the owners of a company, they are after all the carriers of the residual liabilities and bear a higher proportion of the financial risk. However, in company law, the shareholders’ responsibility is limited, and in financial terms shareholders are only liable up to the fully paid value of the share certificate. Moreover, when the shares are sold, the responsibility and risk are transferred completely to the new bearer of the shares. Whether (...) this gap in moral and legal perceptions can be judged to be satisfactory in business ethics terms is a moot point and will be partly explored in this case study which seeks to analyse the shareholder’s responsibility towards a firm in which they own shares. The case study company chosen as a vehicle to explore these issues is that of Turner & Newall; a company that subjected its employees, communities and customers to a major health hazard – asbestosis. This paper will use the Turner & Newall archive materials to illustrate the moral hazards that can arise for shareholders. In particular it will examine the ethical responsibilities of shareholders towards those stakeholders who were exposed to the dangers of asbestos. This case is a significant test of the veracity of the legal system of company control, and exposes the ineffectiveness of that system in accountability terms. The case study also deals with specific issues that arose in the asbestos crisis, as well as with more general issues in our present system of corporate governance and shareholder responsibilities. (shrink)

Following in the fashion of Stephen Jay Gould and Peter Medawar, one of the world's leading scientists examines how "pure science" is in fact shaped and guided by social and political needs and assumptions.

In this paper I discuss logic from a naturalist point of view, characterizing it as those shared patterns of thought which are socially selected from among the various patterns of thought to which we are naturally inclined. Drawing on Evans-Pritchard's anthropology. I discuss a particular example of Zande thought. I argue that Evans-Pritchard's and Timm Triplett's analyses of this example make the mistake of applying Western logic to Zande beliefs and thus find a contradiction. I argue that from the naturalistic (...) point of view. Zande logic is different from Western logic and that there is no contradiction in Zande thought. (shrink)

"[This book] proposes new foundations for the Bayesian principle of rational action, and goes on to develop a new logic of desirability and probabtility."—Frederic Schick, _Journal of Philosophy_.

Richard Jeffrey is beyond dispute one of the most distinguished and influential philosophers working in the field of decision theory and the theory of knowledge. His work is distinctive in showing the interplay of epistemological concerns with probability and utility theory. Not only has he made use of standard probabilistic and decision theoretic tools to clarify concepts of evidential support and informed choice, he has also proposed significant modifications of the standard Bayesian position in order that it provide a (...) better fit with actual human experience. Probability logic is viewed not as a source of judgment but as a framework for explaining the implications of probabilistic judgments and their mutual compatability. This collection of essays spans a period of some 35 years and includes what have become some of the classic works in the literature. There is also one completely new piece, while in many instances Jeffrey includes afterthoughts on the older essays. (shrink)

Born in 1126 to a family of Maliki legal scholars, Ibn Rushd, known as Averroes, enjoyed a long career in religious jurisprudence at Seville and Cordoba while at the same time advancing his philosophical studies of the works of Aristotle. This translation of Averroes’ Long Commentary on Aristotle’s _De Anima_ brings to English-language readers the complete text of this influential work of medieval philosophy. Richard C. Taylor provides rich notes on the Long Commentary and a generous introduction that discusses (...) Averroes’ most mature reflections on Aristotle’s teachings as well as Averroes' comprehensive philosophical views on soul and intellect. It is only in the Long Commentary that Averroes finally resolves to his satisfaction the much vexed issue of the nature of intellect, Taylor shows. (shrink)

One of our most brilliant evolutionary biologists, Richard Lewontin has also been a leading critic of those--scientists and non-scientists alike--who would misuse the science to which he has contributed so much. In The Triple Helix, Lewontin the scientist and Lewontin the critic come together to provide a concise, accessible account of what his work has taught him about biology and about its relevance to human affairs. In the process, he exposes some of the common and troubling misconceptions that misdirect (...) and stall our understanding of biology and evolution.The central message of this book is that we will never fully understand living things if we continue to think of genes, organisms, and environments as separate entities, each with its distinct role to play in the history and operation of organic processes. Here Lewontin shows that an organism is a unique consequence of both genes and environment, of both internal and external features. Rejecting the notion that genes determine the organism, which then adapts to the environment, he explains that organisms, influenced in their development by their circumstances, in turn create, modify, and choose the environment in which they live.The Triple Helix is vintage Lewontin: brilliant, eloquent, passionate, and deeply critical. But it is neither a manifesto for a radical new methodology nor a brief for a new theory. It is instead a primer on the complexity of biological processes, a reminder to all of us that living things are never as simple as they may seem. (shrink)

Philosophers of science are becoming more sensitive to the claims about truth and rationality being made by sociologists of science. There is a tendency among some of these philosophers to dismiss such claims as irrelevant to philosophy of science and as self-refuting. Larry Laudan, in his 'arationality assumption', has captured the essence of positions which argue that sociology of science can only be concerned with scientific claims which are not rational (or, in some versions, 'not true'). I show that the (...) arguments he gives in support of the arationality assumption are not sound, that the arationality assumption has absurd consequences, and I argue that the arationality assumption undermines the possibility of fruitful cooperation between philosophers and sociologists of science. I conclude that the arationality assumption should be rejected. (shrink)

This book offers a concise survey of basic probability theory from a thoroughly subjective point of view whereby probability is a mode of judgment. Written by one of the greatest figures in the field of probability theory, the book is both a summation and synthesis of a lifetime of wrestling with these problems and issues. After an introduction to basic probability theory, there are chapters on scientific hypothesis-testing, on changing your mind in response to generally uncertain observations, on expectations of (...) the values of random variables, on de Finetti's dissolution of the so-called problem of induction, and on decision theory. (shrink)

This paper examines the lawsuits brought by state and local government entities against prescription opioid producers and sellers. It examines their potential liability as well as some of the defenses they might raise. The paper also discusses multidistrict litigation and government lawsuits in state court. It concludes that litigation is not the best solution to the opioid crisis.

Timm Triplett argues (Inquiry 29 [1986], no. 4) that David Bloor does not succeed in justifying a relativistic interpretation of mathematics. It is objected that Triplett has focused his attention on the wrong chapter of Bloor's Knowledge and Social Imagery, and that the examples which Triplett demands Bloor provide to make the case do appear in the subsequent chapter. Moreover, Bloor has anticipated and refuted Triplett's brief criticism of the examples that make Bloor's case for the relativism of mathematics. Finally, (...) Triplett's own example of a basic mathematical truth can be shown to be socially relative. (shrink)

After a very brief introduction, Davidson begins with an informed and detailed account of the views of Aristotle and his major commentators, whose writings had enormous influence on the development of the medieval traditions. Davidson's account is supplemented with a critical exposition of the relevant teachings from the Plotiniana Arabica, from al-Kindi, and from a treatise on the soul attributed to Porphyry in the Arabic tradition. Impressive as all this is, it is simply stage setting for Davidson's detailed accounts of (...) the doctrines and arguments of al-Farabi, Avicenna, and Averroes. (shrink)

Preliminary Material -- INTRODUCTION -- CHAPTER ONE: THE LEGACY FROM ANTIQUITY -- CHAPTER TWO: ERIUGENA AND HIS FOLLOWERS -- CHAPTER THREE: THE SECOND QUARTER OF THE TWELFTH CENTURY -- CHAPTER FOUR: EXOTIC VIEWS -- CHAPTER FIVE: THE EARLY THIRTEENTH CENTURY -- CHAPTER SIX: THE DECADE OF THE 1250S -- CHAPTER SEVEN: THE DEVELOPMENT OF THE CONTROVERSY -- CHAPTER EIGHT: THE CONDEMNATION OF 1270 AND ITS AFTERMATH -- CHAPTER NINE: THE CLIMAX OF THE CONTROVERSY -- CHAPTER TEN: THE AFTERMATH OF THE (...) CONDEMNATION -- CHAPTER ELEVEN: THE EARLY FOURTEENTH CENTURY: OXFORD -- CHAPTER TWELVE: THE EARLY FOURTEENTH CENTURY: PARIS -- EPILOGUE -- SELECT BIBLIOGRAPHY -- INDEX OF NAMES -- SUBJECT INDEX. (shrink)

The 65th year of a scholar who has devoted 40 years to editing and elucidating Robert Grosseteste provides us with a collection of essays. Not surprisingly, they emanate from colleagues and former students of Richard Dales and reflect his interest, among other concerns, in Grosseteste's aspectus et affectus - range of vision and disposition of mind - those twin peaks with which the 13th century thinker helped to get Christian thought through Aristotle without mutual destruction.

Within evolutionary biology a distinction is frequently made between proximate and ultimate causes. One apparently plausible interpretation of this dichotomy is that proximate causes concern processes occurring during the life of an organism while ultimate causes refer to those processes (particularly natural selection) that shaped its genome. But ultimate causes are not sought through historical investigations of an organisms lineage. Rather, explanations referring to ultimate causes typically emerge from functional analyses. But these functional analyses do not identify causes of any (...) kind, much less ultimate ones. So-called ultimate explanations are not about causes in any sense resembling those of proximate explanations. The attitude, implicit in the term ultimate cause, that these functional analyses are somehow superordinate to those involving proximate causes is unfounded. Ultimate causes are neither ultimate nor causes. (shrink)

Rendell and Whitehead argue persuasively that individual foraging specializations, if socially learned, are examples of cetacean culture. However, they discount ecological variation experienced by individuals within a population as a factor in such behavior. I suggest that ecological variation may play an important role in individual foraging specializations and describe several ecological parameters that may help us understand the high frequency of this interesting behavior in the marine habitat.

Then, in 1960, Carnap drew up a plan of articles for Studies in Inductive Logic and Probability — a surrogate for Volume II of the ...

’Ethical codes of conduct are superficial and distracting answers to the question of how to promote ethical behaviour in corporate life.’The author is Principal Lecturer in the Department of Business Studies at Manchester Metropolitan University.