From a certain philosophical perspective, one that is at least as old as Plato but which is addressed also by Aristotle and Kant, business ethics – to the extent that it is marketed as form of enlightened self-interest — constitutes a Thrasymachean compromise: to argue that it is to our advantage to conduct business ethically, perhaps even advantageous to the bottom-line, comes curiously close to endorsing what Plato called the 'shadow of virtue' — i.e., of becoming temperate for the sake (...) of illtemperance. And yet it also seems true that moralistic campaigns to achieve the impossible, e.g., pursuing justice for its own sake or eradicating egoism, often "detract from attaining really important things." This essay explores the need, in business ethics as well as elsewhere, to make — what Dewey and Niebuhr considered to be — painful if not principled philosophical compromises in order to secure is a society in which there would be "enough justice to avoid complete disaster.". (shrink)
The general public in Europe seems tohave lost its confidence in food safety. Theremedy for this, as proposed by the Commissionof the EU, is a scientific rearmament. Thequestion, however, is whether more science willbe able to overturn the public distrust.Present experience seems to suggest thecontrary, because there is widespread distrustin the science-based governmental controlsystems. The answer to this problem is thecreation of an independent scientificFood Authority. However, we argue thatindependent scientific advice alone is unlikelyto re-establish public confidence. It is muchmore (...) important to make the scientific advicetransparent, i.e., to state explicitlythe factual and normative premises on which itis based. Risk assessments are based on arather narrow, but well-defined notion of risk.However, the public is concerned with a broadervalue context that comprises both benefits andrisks. Transparency and understanding of thepublic's perception of food risks is anecessary first step in establishing theurgently required public dialogue about thecomplex value questions involved in foodproduction. (shrink)
Several studies have indicated that scientists are likely to have an outlook on both facts and values that are different to that of lay people in important ways. This is one significant reason it is currently believed that in order for scientists to exercise a reliable ethical reflection about their research it is necessary for them to engage in dialogue with other stakeholders. This paper reports on an exercise to encourage a group of scientists to reflect on ethical issues without (...) the presence of external stakeholders. It reports on the use of a reflection process with scientists working in the area of animal disease genomics (mainly drawn from the EADGENE EC Network of Excellence). This reflection process was facilitated by using an ethical engagement framework, a modified version of the Ethical Matrix. As judged by two criteria, a qualitative assessment of the outcomes and the participants’ own assessment of the process, this independent reflective exercise was deemed to be successful. The discussions demonstrated a high level of complexity and depth, with participants demonstrating a clear perception of uncertainties and the context in which their research operates. Reflection on stakeholder views and values appeared to be embedded within the discussions. The finding from this exercise seems to indicate that even without the involvement of the wider stakeholder community, valuable reflection and worthwhile discourse can be generated from ethical reflection processes involving only scienitific project partners. Hence, the previous assumption that direct stakeholder engagement is necessary for ethical reflection does not appear to hold true in all cases; however, other reasons for involving a broad group of stakeholders relating to governance and social accountability of science remain. (shrink)
The following essay aims at a revisionist reading of Hegel’s “Faith and Knowledge.” Whereas Kant found it necessary to limit [aufheben] reason in order to make room for faith, a principle adopted though significantly revised by Jacobi (and Schleiermacher) and Fichte, Hegel reverses this religious dictum. Ostensibly critical of the theological truce of the times, between a brand of reason no longer worthy of the name and a faith no longer worth the bother, Hegel’s 1802 essay constitutes his first sustained (...) effort to reflect himself out of—or beyond—the limits of reflectivity itself. (shrink)
A physiological model for short-term memory (STM) based on dual theta (5–10 Hz) and gamma (20–60 Hz) oscillation was proposed by Lisman and Idiart (1995). In this model a memory is represented by groups of neurons that fire in the same gamma cycle. According to this model, capacity is determined by the number of gamma cycles that occur within the slower theta cycle. We will discuss here the implications of recent reports on theta oscillations recorded in humans performing the Sternberg (...) task. Assuming that the oscillatory memory models are correct, these findings can help determine STM capacity. (shrink)
The recent publication of Dewey's seminar lectures on Hegel's philosophy of spirit, which he delivered in Chicago in 1897, contributes significantly to the ongoing task of more accurately appreciating the confluence of historical influences that shaped the trajectory of classical American philosophy. Dewey's 1897 Hegel lectures are situated within their philosophical context by two seminal essays describing the relevance of recent scholarship to the philosophical or historical question of Dewey's ambivalent indebtedness to Hegel. In their essays, Shook and Good emphasize (...) the positive roles that certain Hegelian themes played in Dewey's mature thought—that is, in texts produced many years after Dewey's alleged .. (shrink)
This essay provides a pastpostmodem phenomenological account of a good idea. It is a short experiment in what Foucault calls, “the unchanging pedagogical origins of dialectics.” The ‘ostensible’ question considered is: What follows in the wake of nihilism? Scribbling in the margins, a metaphor for the classical task of the public intellectual, is one way of nudging the reader into the periphery of writing.
Consider a sequence of outcomes of descending value, A > B > C > . . . > Z. According to Larry Temkin, there are reasons to deny the continuity axiom in certain cases, i.e. cases of triplets of outcomes A, B and Z, where A and B differ little in value, but B and Z differ greatly. But, Temkin argues, if we assume continuity for cases, i.e. cases where the loss is small, we can derive continuity for the case (...) by applying the axiom of substitution and the axiom of transitivity. The rejection of continuity for cases therefore renders the triad of continuity in cases, the axiom of substitution and the axiom of transitivity inconsistent. (shrink)
What counts as an intuitively plausible set theoretic content (notion, axiom or theorem) has been a matter of much debate in contemporary philosophy of mathematics. In this paper I develop a critical appraisal of the issue. I analyze first R. B. Jensen's positions on the epistemic status of the axiom of constructibility. I then formulate and discuss a view of intuitiveness in set theory that assumes it to hinge basically on mathematical success. At the same time, I present accounts (...) of set theoretic axioms and theorems formulated in non-strictly mathematical terms, e.g., by appealing to the iterative concept of set and/or to overall methodological principles, like unify and maximize, and investigate the relation of the latter to success in mathematics. (shrink)
Interest in the notion of the possible financial sacrifice suffered by socially responsible investment (SRI) fund investors for considering ethical, social and environmental issues in their investment decisions has spawned considerable academic interest in the performance of SRI funds. Both the Australian and international research literature have yielded largely mixed results. However, several of these studies are hampered by methodological problems which can obscure the significance of reported results, such as the use of small sample sizes, inconsistencies in the time (...) frames selected to analyse performance and different modelling frameworks used to estimate investment returns. This study attempts to redress some of these issues by investigating the returns performance of 89 ethical funds in Australia over the period 1986–2005. Using a multi-factor CAPM model [Fama, E. F., and K. R. French (1996) J. Finance 51(1), 55] (which controls for factors such as size, book-to-market value and momentum) we find that ethical funds significantly under-perform the market in Australia, particularly in the most recent 5 years of our sample period (2000–2005). Risk adjusted returns (using Jensen’s alpha) indicate that average annual underperformance is around 1.52% in the 2000–2005 period for our sample and .88% over the whole sample period. Our results contrast with many previous studies (both Australian and international), which have not found statistically significant differences in the performance of ethical funds relative to market benchmarks and/or a matched sample of conventional funds. (shrink)
Our main results are: Theorem 1. Con(ZFC + "every function $f : \omega_{1} \rightarrow \omega_1$ is dominated by a canonical function") implies Con(ZFC + "there exists an inaccessible limit of measurable cardinals"). [In fact equiconsistency holds.] Theorem 3. Con(ZFC + "there exists a non-regular uniform ultrafilter on ω1") implies Con(ZFC + "there exists an inaccessible stationary limit of measurable cardinals"). Theorem 5. Con (ZFC + "there exists an $\omega_{1}-sequence$ T of $\omega_{1}-complete$ uniform filters on ω1 s.t. every $A \subseteq \omega_1$ (...) is measurable w.r.t. a filter in T (Ulam property)") implies Con(ZFC + "there exists an inaccessible stationary limit of measurable cardinals"). We start with a discussion of the canonical functions and look at some combinatorial principles. Assuming the domination property of Theorem 1, we use the Ketonen diagram to show that $\omega_{2}^V$ is a limit of measurable cardinals in Jensen's core model $K_{MO}$ for measures of order zero. Using related arguments we show that $\omega_{2}^V$ is a stationary limit of measurable cardinals in $K_{MO}$ , if there exists a weakly normal ultrafilter on ω1. The proof yields some other results, e.g., on the consistency strength of weak*-saturated fiters on ω1, which are of interest in view of the classical Ulam problem. (shrink)
The efficiency argument for profit maximization says that corporations and their managers should maximize profits because this is the course of action that will lead to an or outcome (see e.g. Jensen 2001, 2002). In this paper, I argue that the fundamental problem with this argument is not that markets in the real world are less than perfect, but rather that the argument does not properly acknowledge the personal sphere. Morality allows each of us a sphere in which we (...) are free to pursue our personal interests, even if these are not optimal from the social point of view. But the efficiency argument does not come to terms with this feature of social life. (shrink)
This paper concerns the theory of morasses. In the early 1970s Jensen defined (κ,α)-morasses for uncountable regular cardinals κ and ordinals $\alpha . In the early 1980s Velleman defined (κ, 1)-simplified morasses for all regular cardinals κ. He showed that there is a (κ, 1)-simplified morass if and only if there is (κ, 1)-morass. More recently he defined (κ, 2)-simplified morasses and Jensen was able to show that if there is a (κ, 2)-morass then there is a (κ, (...) 2)-simplified morass. In this paper we prove the converse of Jensen's result, i.e., that if there is a (κ, 2)-simplified morass then there is a (κ, 2)-morass. (shrink)
Partial models of the theory New Foundations (NF) introduced by Quine have already appeared in the literature, but in every model the membership set of NF is missing. On the other hand, Jensen showed that "NF + Urelements" is consistent with respect to ZF and, in the model built there, the membership set of the theory exists. Here we build a partial model of NF from the one of Jensen in which the membership set exists.
