ABSTRACT:Many scholars and managers endorse the idea that the primary purpose of the firm is to make money for its owners. This shareholder wealth maximization objective is justified on the grounds that it maximizes social welfare. In this article, the first of a two-part set, we argue that, although this shareholder primacy model may have been appropriate in an earlier era, it no longer is, given our current state of economic and social affairs. To make our case, we employ a (...) utilitarian moral standard and examine the apparent logical sequence behind the link between shareholder wealth maximization and social welfare. Upon close empirical and conceptual scrutiny, we find that utilitarian criteria do not support the shareholder model; that is, shareholder wealth maximization is only weakly linked to social welfare maximization. In view of the dubious validity of this sequential argument, we outline some of the features of a superior corporate objective—a variant of normative stakeholder theory. In the second article, we will advance and defend our preferred alternative and then discuss some institutional arrangements under which it could be implemented. (shrink)

This paper is reprinted in the book Machine Ethics, eds. M. Anderson and S. Anderson, Cambridge University Press, 2011.

Kantian constructivists accord a constitutive, justificatory role to the issue of scope: they typically claim that first-order practical thought depends for its authority on being suitably acceptable within the right scope, or by all relevant others, and some Kantian constructivists, notably Onora O'Neill, hold that our views of the nature and criteria of practical reasoning also depend for their authority on being suitably acceptable within the right scope. The paper considers whether O'Neill-type Kantian constructivism can coherently accord this key role (...) to the issue of scope while adhering to the universalist, ‘cosmopolitan’ commitments at its core. The paper argues that this is not so. On the one hand, it shows that O'Neill's attempt to ‘fix’ the scope of practical reasoning supposes, rather than establishes, a view of ethical standing and the scope of practical reasoning. On the other hand, the paper argues that Kantian constructivism should endorse a non-constructivist, perfectionist view of the good to determine that scope. The paper thereby supports the perfectionist conjecture that Kantian constructivism, in order to defend its universalist commitments, should take refuge in non-constructivist, perfectionist considerations, and that Kantian constructivism should therefore construe perfectionism as a partial, though uneasy, ally. (shrink)

Internalism about epistemic justification (henceforth, ‘internalism’) says that a belief B is epistemically justified for S only if S is aware of some good-making feature of B, some feature that makes for B’s having positive epistemic status: e.g., evidence for B. Externalists with respect to epistemic justification (‘externalists’) deny this awareness requirement. Michael Bergmann has recently put this dilemma against internalism: awareness admits of a strong and a weak construal; given the strong construal, internalism is subject to debilitating regress troubles; (...) given the weak construal, internalism is unmotivated; either way, internalism is in serious trouble. I argue for two claims in this article. First, Bergmann’s dilemma argument is unmotivated: he’s given no good reason for accepting one of its crucial premises. And second, Bergmann’s dilemma argument is unsound: the crucial premise in question is false. (shrink)

The paper addresses O'Neill's view that her version of Kant's Categorical Imperative, namely, the requirement of followability (RF), marks the supreme principle of reason; it takes issue with her claim that RF commits us to Kantian constructivism in practical philosophy. The paper distinguishes between two readings of RF: on a weak reading, RF ranges over all (practical) reasoning but does not commit to constructivism, and on a strong version RF commits to constructivism but fails to meet its own test, and (...) so is self-defeating. The paper argues that RF, if understood strongly, depends for its reasonableness on reasons that cannot coherently be required to meet RF, so that RF cannot be the supreme principle of reason. The paper considers several responses to this problem in order to suggest that RF depends for its reasonableness on perfectionist considerations. (shrink)

A consideration of the full dimensions of humanism and of the humanist dimension of law invites two questions: is “humanism” compatible with theocentric religion, and therefore, is the Renaissance compatible with the “otherworldly” Middle Ages, and, has law any humanist dimension at all? The answer to the first question provides the insights that answer the second. Fully integrated humanism includes bath the Classical immanence of humanity in the world and the value accorded to the human being by the declaration in (...) Genesis that all creation is “very good”, a principle reinforced by the Incarnation of the Logos as a man. Understood in the full range of its human relevance, from the quotidian to the transcendent, law too bas a humanist dimension. (shrink)

The work of Arnon Avron and Ofer Arieli has shown a deep relationship between the theory of bilattices and the Belnap-Dunn logic \. This correspondence has been interpreted as evidence that \ is “the” logic of bilattices, a consideration reinforced by the work of Yaroslav Shramko and Heinrich Wansing in which \ is shown to be similarly entrenched with respect to the theories of trilattices and, more generally, multilattices. In this paper, we export Melvin Fitting’s “cut-down” connectives—propositional connectives that “cut (...) down” available evidence—to the case of multilattices and show that two related first degree systems—Harry Deutsch’s four-valued \ and Richard Angell’s \—emerge just as elegantly and are as intimately connected to the theories of bilattices and trilattices as the Belnap-Dunn logic. (shrink)

This volume comprises essays presented to Alvin Plantinga on the occasion of his 70th birthday.

Incompatibilism about freedom and causal determinism is commonly supported by appeal to versions of the well known Consequence argument. Critics of theConsequence argument have presented counterexamples to the Consequence argument’s central inference principle. The thesis of this article is that proponents of the Consequence argument can easily bypass even the best of these counterexamples.

A critical but sympathetic treatment of Pierre Bayle.

_Metaphysics: A Contemporary Introduction_ is for students who have already completed an introductory philosophy course and need a fresh look at the central topics in the core subject of metaphysics. It is essential reading for any student of the subject. This Fourth Edition is revised and updated and includes two new chapters on Parts and Wholes, and Metaphysical Indeterminacy or vagueness. This new edition also keeps the user-friendly format, the chapter overviews summarizing the main topics, concrete examples to clarify difficult (...) concepts, annotated further reading at the end of each chapter, endnotes, and a full bibliography. Topics addressed include: the problem of universals the nature of abstract entities the problem of individuation the nature of modality identity through time the nature of time the nature of parts and wholes the problem of metaphysical indeterminacy the Realism/anti-Realism debate. Wherever possible, Michael J. Loux and Thomas M. Crisp relate contemporary views to their classical sources in the history of philosophy. As experienced teachers of philosophy and important contributors to recent debates, Loux and Crisp are uniquely qualified to write this book. (shrink)

Many analyses of notion of _metainferences_ in the non-transitive logic ST have tackled the question of whether ST can be identified with classical logic. In this paper, we argue that the primary analyses are overly restrictive of the notion of metainference. We offer a more elegant and tractable semantics for the strict-tolerant hierarchy based on the three-valued function for the LP material conditional. This semantics can be shown to easily handle the introduction of _mixed_ inferences, _i.e._, inferences involving objects belonging (...) to more than one (meta)inferential level and solves several other limitations of the ST hierarchies introduced by Barrio, Pailos, and Szmuc. (shrink)

This volume commemorates the 6th centennial of the birth of Nicholas of Cusa (1401-1464), a Renaissance polymath whose interests included law, politics, metaphysics, epistemology, theology, mysticism and relations between Christians and non-Christian peoples. The contributors to this volume reflect Cusanus' multiple interests; and, by doing so they commemorate three deceased luminaries of the American Cusanus Society: F. Edward Cranz, Thomas P. McTighe and Charles Trinkaus. Contributors include: Christopher M. Bellitto, H. Lawrence Bond, Elizabeth Brient, Louis Dupré, Wilhelm Dupré, Walter (...) Andreas Euler, Lawrence Hundersmarck, Thomas M. Izbicki, Dennis D. Martin, Yelena Matusevich, Bernard McGinn, Clyde Lee Miller, Thomas E. Morrissey, Brian A. Pavlac, and Morimichi Watanabe. Publications by Charles Trinkaus: - Edited by C. Trinkaus and H.A. Oberman, The pursuit of holiness in late medieval and renaissance religion, ISBN: 978 90 04 03791 5 (Out of print). (shrink)

The General Account of Pleasure in Plato's Philebus THOMAS M. TUOZZO 1. INTRODUCTION DOES PLATO IN THE Philebus present a single general account of pleasure, applicable to all of the kinds of pleasure he discusses in that dialogue? Gosling and Taylor think not;' Dorothea Frede has recently reasserted a version of the contrary, traditional view. 2 The traditional view, I shall argue in this essay, is correct: the Philebus does contain a general account of pleasure applicable to all pleasures. (...) Nonetheless, Gosling and Taylor have pointed to a real difficulty with the traditional view, a difficulty that has never been adequately ad- dressed. To show how it can be overcome will involve showing that Plato's account of pleasure, and his analyses of other phenomena of moral psychol- ogy in the Philebus, are more complex and subtle than has often been realized. Gosling and Taylor offer two considerations in support of their view: Socrates insists against Protarchus that different pleasures can be "most oppo- site" to each other, which suggests that no single account can apply to them all,s and Socrates does not indicate how the most likely candidate for a general account of pleasure, one involving the restoration of a natural har- ,j. c. B. Gosling and C. C. W. Taylor, The Greeks on Pleasure , 14o: "It seems clear that in the Philebus Plato has no general formula to encapsulate the nature of pleasure .... " So, too, C. Hampton, Pleasure,.. (shrink)

Thomas Aquinas, John Duns Scotus, and William of Ockham disagree over how and whether virtues are specified by their objects. For Thomas, habits and acts are specified by their formal objects. For instance, the object of theft is something that belongs to someone else, and more particularly theft is distinct from robbery because theft is the open taking of another’s good, whereas robbery is open and violent. A habit such as a virtue or a vice shares or takes (...) the act’s object. For Scotus, although the same virtue or act cannot have objects which differ formally, different virtues and acts can have an object which is identical according to its formal ratio, in the way that the different theological virtues might even formally have God as their object. Ockham accepts Scotus’s view that charity and hope are two kinds of love, we will see how, unlike Scotus, he argues that these theological virtues differ on account of their immediate complex objects. The disagreement between these three figures raises important difficulties concerning what it even means to be a formal object. (shrink)

This Element defends a version of the classical theory of divine ideas, the containment exemplarist theory of divine ideas. The classical theory holds that God has ideas of all possible creatures, that these ideas partially explain why God's creation of the world is a rational and free personal action, and that God does not depend on anything external to himself for having the ideas he has. The containment exemplarist version of the classical theory holds that God's own nature is the (...) exemplar of all possible creatures, and therefore that God's ideas of possible creatures are in some sense ideas of himself. Containment exemplarism offers a monotheism fit for metaphysics, insofar as it is coherent, simple, and explanatorily powerful; and offers a metaphysics fit for monotheism, insofar as it leaves God truly worthy of the unconditional worship which Christians, along with Jews and Muslims, aspire to offer to God. (shrink)

We compared the ability of three different contextual models of lexical semantic memory and of a simple associative model to predict the properties of semantic networks derived from word association norms. None of the semantic models were able to accurately predict all of the network properties. All three contextual models over-predicted clustering in the norms, whereas the associative model under-predicted clustering. Only a hybrid model that assumed that some of the responses were based on a contextual model and others on (...) an associative network successfully predicted all of the network properties and predicted a word's top five associates as well as or better than the better of the two constituent models. The results suggest that participants switch between a contextual representation and an associative network when generating free associations. We discuss the role that each of these representations may play in lexical semantic memory. Concordant with recent multicomponent theories of semantic memory, the associative network may encode coordinate relations between concepts, and contextual representations may be used to process information about more abstract concepts. (shrink)

I argue that Diego Alvarez and Thomas de Lemos through their participation in the De auxiliis controversy developed and defended Cajetan’s view of the causation of sin in such a way that they were able to defend the predetermination of the material aspect of sin while at the same time assimilating important aspects from his critics. It is important to recognize that Lemos and his associates hold both that the premotion of sin’s material aspect is not necessarily connected with (...) the Catholic faith and that it is knowable by natural reason. Even though they argued that other Molinist theses should be condemned as heretical, they held that this rejection of the Dominican thesis concerning sin is simply wrong but not heretical. First, I consider Cajetan’s position. Second, I consider the reception of this position by Medina, Zumel, and Báñez. Third, I show that Alvarez and Lemos make distinctions that allow them to incorporate the insights of both Cajetan and his critics. (shrink)

RÉSUMÉ: Moore attribuait l’idéalisme de Berkeley à sa négligence de la distinction entre l’acte d’appréhension et son objet. Bien que Berkeley ait justement tracé cette distinction dans le premier Dialogue, et l’ait rejetée, peu s’en sont aperçu, et ceux qui l’ont remarqué lui reprochent habituellement de confondre l’acte d’appréhension avec une action. La thèse ici développée est que Berkeley n’est pas coupable de cette confusion et qu’il rejette la distinction, en fait, pour de bonnes raisons à caractère empiriste, qui ont (...) à voir avec ce que l’on tient pour son argument principal. (shrink)

Knobe reports that subjects' judgments of whether an agent did something intentionally vary depending on whether the outcome in question was seen by them as good or as bad. He concludes that subjects' moral views affect their judgments about intentional action. This conclusion appears to follow only if different meanings of “intention” are overlooked.

In this paper I respond to separate criticisms by Bill Shaw (JBE, July 1988) and Richard Nunan (JBE, December 1988) of my paper A Critique of Milton Friedman's Essay The Social Responsibility of Business Is to Increase Its Profits (JBE, August 1986). Professors Shaw and Nunan identify several points where my argument could benefit from clarification and improvement. They also make valuable contributions to the discussion of the broad issue area of whether and to what extent business should exercise moral (...) initiative.My objectives are (1) to show, with the aid of examples (inspired by Shaw) and the addition of one point of correction (inspired by Nunan), that my disapproving critique of Friedman's famous argument remains sound, (2) to show that Professor Shaw's argument contains serious problems, and (3) to build on the base laid by my critics by developing important reasons why business should exercise moral initiative. (shrink)

" Our various cultures are symbolic environments or "spiritual ecologies" within which the Human Eros can thrive. This is how we inhabit the earth. Encircling and sustaining our cultural existence is nature.

In lieu of an abstract, here is a brief excerpt of the content:Journal of the History of Ideas 63.2 (2002) 225-237 [Access article in PDF] Did Bayle Read Saint-Evremond? Thomas M. Lennon Of course Bayle read Saint-Evremond—he quotes him. Moreover, he published one of Saint-Evremond's texts. But there is reading, and then there is reading. There is selective, inattentive perusal of excerpts or even secondary sources, with no attempt to penetrate beyond a superficial understanding; and then there is comprehensive, (...) close scrutiny of the best primary sources, with sensitivity to nuance, and attention to context. In short, there is a difference between skimming and studying. Did Pierre Bayle (1647-1706) skim or study the work of Saint-Evremond (ca.1614-1703)?This article argues that Bayle's first-hand knowledge of Saint-Evremond's work was superficial and dependent on a secondary source that gives that work a less than obvious, and hitherto unappreciated meaning for Bayle. This shift matters because it bears on the question of the status of Bayle's religious faith. With her classic Pierre Bayle (1963-64), Elizabeth Labrousse set aside the traditional view of Bayle as a religious skeptic whose professions of faith cannot be taken at face value. Such had been the view held by many in Bayle's own time, most notably by Pierre Jurieu, and near-universally from the Enlightenment into the twentieth century. Very recently, in a work that is no less impressive than hers on this and other topics in Bayle, Gianluca Mori has defended the traditional view, basing a part of his argument on Bayle's use of Saint-Evremond. 1 Thus the question above. Moreover, the matter of Bayle's religious belief is not a merely biographical one. First, there is the fact of his [End Page 225] influence, especially given his huge readership, although Bayle's influence may well be other than anything he intended. Secondly, in any case, the interpretation of Bayle's work as a whole depends on it, for virtually everything he wrote besides the Dictionnaire has a religious dimension.To appreciate the importance of the question, something must first be said about Charles de Marguetel de St. Denis, sieur de Saint-Evremond. He was known in his time, and still is, as a libertine. It is difficult, however, to define libertinage beyond a combination of hedonistic mores and dubious religious beliefs—Epicureanism in some loose and popular sense. 2 What is more important, in any case, is how Bayle might have thought the term applied to Saint-Evremond; and here it is clear that outright atheism may have been at issue. Bayle reports that it was publicly known that Saint-Evremond "ended his long life, just as he had lived it, en esprit fort." He seems certainly to have died without benefit of religion. When asked on his deathbed whether he wished to be reconciled, says Bayle, he answered yes, "with all my heart. I would like to be reconciled with my appetite. For my stomach is no longer functioning in its usual way." Bayle was often at pains to insist upon the ultimate inaccessibility of others' real beliefs (and of the inappropriateness of attempting to reach them). In this case, however, he was prepared to hold up Saint-Evremond as a counter-example to the widely-held belief that there were no speculative atheists, i.e., people who would sincerely deny the existence of God, but only practical atheists, i.e., people who live as if they did not believe in the existence of God, but who, try as they may, are at least occasionally aware of it. 3This view of Saint-Evremond is important because, when accused of irreligion himself, Bayle cited the libertine's work as indicative of his own beliefs. To understand how Bayle came to be accused, and the significance of this response to it, some of the historical background is first necessary. Bayle's Dictionnaire historique et critique sold better than any text in the eighteenth century, philosophical or otherwise; and it was a best-seller right from the publication of its first edition, in... (shrink)

According to Rainer Forst, (i) moral and political claims must meet a requirement of reciprocal and general acceptability (RGA) while (ii) we are under a duty in engaged discursive practice to justify such claims to others, or be able to do so, on grounds that meet RGA. The paper critically engages this view. I argue that Forst builds a key component of RGA, i.e., reciprocity of reasons, on an idea of the reasonable that undermines both (i) and (ii): if RGA (...) builds on this idea, RGA is viciously regressive and a duty of justification to meet RGA fails to be agent transparent. This negative result opens the door for alternative conceptions of reciprocity and generality. I then suggest that a more promising conception of reciprocity and generality needs to build on an idea of the reasonable that helps to reconcile the emancipatory or protective aspirations of reciprocal and general justification with its egalitarian commitments. But this requires to downgrade RGA in the order of justification and to determine on prior, substantive grounds what level of discursive influence in reciprocal and general justification relevant agents ought to have. (shrink)

Nicolas Malebranche is now recognised as a major figure in the history of philosophy, occupying a crucial place in the Rationalist tradition of Descartes, Spinoza and Leibniz. The Search after Truth is his first, longest and most important work; this volume also presents the Elucidations which accompanied its third edition, the result of comments that Malebranche solicited on the original work and an important repository of his theories of ideas and causation. Together, the two texts constitute the complete expression of (...) his mature thought, and are written in his subtle, argumentative and thoroughly readable style. They are presented in the distinguished translations by Thomas M. Lennon and Paul J. Olscamp, together with a historical introduction, a chronology of Malebranche's life, and useful notes on further reading. (shrink)

In his ethical writings, Duns Scotus emphasized both divine freedom and natural goodness, and these seem to conflict with each other in various ways. I offer an interpretation of Scotus which takes seriously these twin emphases and shows how they cohere. I argue that, for Scotus, all natural laws obtain just by the natures of actual things. Divine commands, such as the Ten Commandments, contingently track natural laws but do not make natural laws to be natural laws. I present textual (...) evidence for this claim. I also show how this view of Scotus on the natural law is consistent with a number of troubling passages. Scotus’s ethical theory implies that there are genuinely moral reasons for acting which are not absolutely binding (because subject to a divine command or permission otherwise) and also some moral reasons for acting which are absolutely binding (because not thus subject). (shrink)