This paper contrasts the normative foundations of the stakeholder and shareholder theories of the firm. It demonstrates how the shareholder theory of the firm appears to have at least as much normative support as stakeholder theory and suggests that a way forward may be for a variant of pure shareholder theory to emerge.

In a series of papers Geoff Moore has applied Alasdair MacIntyre’s much cited work to generate a virtue-based business ethics. Central to this project is Moore’s argument that business falls under MacIntyre’s concept of ‘practice’. This move attempts to overcome MacIntyre’s reputation for being ‘anti-business’ while maintaining his framework for evaluating social action and replaces MacIntyre’s hostility to management with a conception of managers as institutional practitioners (craftsmen). I argue however that this move has not been justified. Given the (...) importance MacIntyre places on the protection of practices, the result is that much of Moore’s contribution is misplaced. Business cannot name a practice but business institutions certainly do house practices. The task then is to try to understand the circumstances under which practices might flourish and those under which they might founder in a business context. This is not aided by Moore’s redescription of all businesses as practices. (shrink)

This paper aims to contribute to a greater understanding of the theory of virtue ethics and its applications in the business arena. In contrast to other prominent approaches to ethics, virtue ethics provides a useful perspective in making sense of various business ethics issues with an emphasis on the moral character of the individuals and its transformational influences in driving ethical business conduct. Building on Geoff Moore’s :19–32, 2002; Bus Ethics Q 15:237–255, 2005; Bus Ethics Q 18:483–511, 2008) treatment (...) of Alasdair MacIntyre’s practice–institution schema, the paper discusses how individuals, as moral agents, can serve to promote virtuous business conduct and help foster a moral and ethical climate in the organization and in society at large. Using interview data from a broader study of the New Zealand wine industry as explanatory examples, the paper argues that while many companies’ sustainable practices are still largely market based, such excellent business practices are often driven by individuals’ moral and ethical pursuits. (shrink)

Margaret Moore offers a comprehensive normative theory of territory.

In lieu of an abstract, here is a brief excerpt of the content:The Listening Eye: Postmodernism, Paranoia, and the HypervisibleJerry Aline Flieger (bio)Jean Baudrillard. The Transparency of Evil: Essays on Extreme Phenomena. Trans. James Benedict. London: Verso, 1993. Trans. of La transparence du mal: Essai sur les phénomènes extrêmes. Paris: Galilée, 1990.Jean-François Lyotard. The Inhuman: Reflections on Time. Trans. Geoff Bennington and Rachel Bowlby. Stanford: Stanford UP, 1991. Trans. of L’inhumain. Paris: Galilée, 1988.Slavoj Zizek. Looking Awry: An Introduction to (...) Jacques Lacan Through Popular Culture. Cambridge: MIT P, 1992.“To the insides of the ear belong those who have a sight of internal hearing.” That’s the nocturnal look, the listening eye.—Emmanuel Swedenborg, cited in Lyotard, The InhumanPostmodernism, Yet AgainIn this essay, I shall take a cue from Slavoj Zizek’s discussion of Lacanian anamorphosis, or skewed perspective (Looking Awry), in order to read three dissimilar works alongside one another, and from a “paranoid” slant. For in spite of sometimes radically incommensurate subject matter, the three works I discuss here—The Transparency of Evil (Jean Baudrillard), Looking Awry (Slavoj Zizek) and The Inhuman (Jean-François Lyotard)—all share a focus on the dehumanizing effects of technology as determinants of what Lyotard has called the postmodern condition. 1 Moreover, all three works themselves adopt something like a paranoid perspective, suggesting that under the sway of an ethic of sheer performativity, human contact—face to face—has been rendered obsolete by interface.In the bleak vision of The Transparency of Evil (1993), for instance, Baudrillard describes an isolated disembodied satellite man, cut loose from his moorings: “The centrifugal force of our proliferating technologies has stripped us of all weight.... Freed of all density, all gravity, we are being dragged into an orbital motion which threatens to become perpetual” [30–31]. Similarly, in “The Ecstasy of Communication” (1983), Baudrillard describes a robotic subject mesmerized by pornographic hypervisibility, [End Page 90] “more visible than the visible... the obscenity of what no longer has any secret, or what dissolves completely in information and communication” [130–31]. 2Like Baudrillard, Lyotard (The Inhuman) describes the loss of dimensional intersubjectivity, suggesting that space is no longer an enabling interval between subjects, the scene of the exchanged gaze: contemporary cyberspace is the scene of communication without community, saturated with hypervisible information. But while for Baudrillard, we are already in weightless orbit, in a postcatastrophic, fractal aftermath, for Lyotard our fate is not yet cast, although adumbrated disaster—the end of the species or of the universe—provides a telos for our existence.Slavoj Zizek is not nearly so metaphysical, nor so glum, as his fellow post-philosophers, but he is every bit as concerned with the optical, Looking Awry. Zizek is a patient and even cheery exegete of Lacan, attempting to “introduce” Lacanian thought by looking at film, detective fiction, and other user-friendly instances of modern culture as templates of theory. Indeed, compared to his fellow travelers, Zizek is resolutely quotidian, even earthbound, focusing on the contemporary human subject as consumer/spectator, seated not in a satellite capsule or at a computer terminal but at the movies, popcorn in hand.Yet in spite of his goodwill, Zizek’s take on postmodernism is anything but sanguine: he too depicts a subject who is prey to the fascination of overexposed “obscene” virtual reality (X-rated Hitchcock, if you will), and always threatened as well by the eruption of the menacing Lacanian real into the web of symbolic reality—an intrusion that awakens the paranoid “post-man” from an absorption in the image on the screen, with a reminder of the precariousness of all that appears evident or meaningful. Thus in “The Obscene Object of Postmodernity” [Looking Awry, chap. 8], Zizek describes a blot or stain that sticks out or refuses assimilation to the totalizing gaze, eclipsing the heretofore meaningful and legible symbolic universe with an ineffable real that “produces a radical opacity and blocks every essay of interpretation” [151]. I suggest that Zizek’s notion of the obscene object as blot—like the hair on the camera lens that “disturbs” our absorption in the screen—as well as Lyotard’s notion of obdurate matter, may... (shrink)

This volume is a collection of original contributions about the core knowledge in fundamental domains. It includes work on naive physics, such as formal specifications of intuitive theories of spatial relations, time causality, substance and physical objects, and on naive psychology.

Ongoing research in nanotechnology promises both innovations and risks, potentially and profoundly changing the world. This book helps to promote a balanced understanding of this important emerging technology, offering an informed and impartial look at the technology, its science, and its social impact and ethics. Nanotechnology is crucial for the next generation of industries, financial markets, research labs, and our everyday lives; this book provides an informed and balanced look at nanotechnology and its social impact Offers a comprehensive background discussion (...) on nanotechnology itself, including its history, its science, and its tools, creating a clear understanding of the technology needed to evaluate ethics and social issues Authored by a nanoscientist and philosophers, offers an accurate and accessible look at the science while providing an ideal text for ethics and philosophy courses Explores the most immediate and urgent areas of social impact of nanotechnology. (shrink)

PREFACE. THE Author of this very practical treatise on Scotch Loch - Fishing desires clearly that it may be of use to all who had it. He does not pretend to have written anything new, but to have attempted to put what he has to say in as readable a form as possible. Everything in the way of the history and habits of fish has been studiously avoided, and technicalities have been used as sparingly as possible. The writing of this (...) book has afforded him pleasure in his leisure moments, and that pleasure would be much increased if he knew that the perusal of it would create any bond of sympathy between himself and the angling community in general. This section is interleaved with blank shects for the readers notes. The Author need hardly say that any suggestions addressed to the case of the publishers, will meet with consideration in a future edition. We do not pretend to write or enlarge upon a new subject. Much has been said and written-and well said and written too on the art of fishing but loch-fishing has been rather looked upon as a second-rate performance, and to dispel this idea is one of the objects for which this present treatise has been written. Far be it from us to say anything against fishing, lawfully practised in any form but many pent up in our large towns will bear us out when me say that, on the whole, a days loch-fishing is the most convenient. One great matter is, that the loch-fisher is depend- ent on nothing but enough wind to curl the water, -and on a large loch it is very seldom that a dead calm prevails all day, -and can make his arrangements for a day, weeks beforehand whereas the stream- fisher is dependent for a good take on the state of the water and however pleasant and easy it may be for one living near the banks of a good trout stream or river, it is quite another matter to arrange for a days river-fishing, if one is looking forward to a holiday at a date some weeks ahead. Providence may favour the expectant angler with a good day, and the water in order but experience has taught most of us that the good days are in the minority, and that, as is the case with our rapid running streams, -such as many of our northern streams are, -the water is either too large or too small, unless, as previously remarked, you live near at hand, and can catch it at its best. A common belief in regard to loch-fishing is, that the tyro and the experienced angler have nearly the same chance in fishing, -the one from the stern and the other from the bow of the same boat. Of all the absurd beliefs as to loch-fishing, this is one of the most absurd. Try it. Give the tyro either end of the boat he likes give him a cast of ally flies he may fancy, or even a cast similar to those which a crack may be using and if he catches one for every three the other has, he may consider himself very lucky. Of course there are lochs where the fish are not abundant, and a beginner may come across as many as an older fisher but we speak of lochs where there are fish to be caught, and where each has a fair chance. Again, it is said that the boatman has as much to do with catching trout in a loch as the angler. Well, we dont deny that. In an untried loch it is necessary to have the guidance of a good boatman but the same argument holds good as to stream-fishing... (shrink)

This paper assesses the relationship between corporate social responsibility and downside equity tail risk, a field of research that is underdeveloped at this moment. Using global equities data over the period of January 2003 to December 2011, inclusive, the downside tail risk of each company is estimated using techniques of extreme value theory and CSR is approached using stakeholder theory. Our findings show a significant relationship between certain aspects of CSR and downside tail risk. The nature of the relationship differs (...) across region, stakeholder and time. Furthermore, the relationships we found are sequential, which makes a causal link between CSR and tail risk plausible. (shrink)

Many situations require the simultaneous processing of auditory and visual information, however, stimuli presented to one sensory modality can sometimes interfere with processing in a second sensory modality (i.e., modality dominance). The current study further investigated modality dominance by examining how task demands and bimodal presentation affect speeded auditory and visual discriminations. Participants in the current study had to quickly determine if two words, two pictures, or two word-picture pairings were the same or different, and we manipulated task demands across (...) three different conditions. In an immediate recognition task, there was only one second between the two stimuli/stimulus pairs and auditory dominance was found. Compared to the respective unimodal baselines, pairing pictures and words together slowed down visual responses and sped up auditory responses. Increasing the interstimulus interval to four seconds and blocking verbal rehearsal weakened auditory dominance effects, however, conflicting and redundant visual cues sped up auditory discriminations. Thus, simultaneously presenting pictures and words had different effects on auditory and visual processing, with bimodal presentation slowing down visual processing and speeding up auditory processing. These findings are consistent with a proposed mechanism underlying auditory dominance, which posits that auditory stimuli automatically grab attention and attenuate/delay visual processing. (shrink)

This unique edited collection illuminates Paul Ricoeur's engagement with Scripture. The contributors include one of the primary translators, several who studied at the University of Chicago, and some of this generation's noted Ricoeur scholars. The essays discuss Hebrew and Christian Scripture, hermeneutics, and biblical scholarship.

Developmental origins of health and disease and epigenetics have expanded understanding of how the environment affects the health of women before and during pregnancy—with lifelong health consequences for the fetus. This has translated to a narrow focus on women’s lifestyle during pregnancy, especially for women classified as obese. In this study, we show that psychosocial harms such as distress or shame felt by pregnant women are rarely countenanced in these endeavors. To demonstrate this, we examine published documents about a large (...) set of trials of lifestyle interventions united through an international consortium. Yet there is now a literature in which pregnant women with large bodies report feeling humiliated and a wider literature on the stigma of obesity. We argue that shame is produced and reproduced through the discursive and material knowledge-making scientific practices of DOHaD translation. Interventions that intensify the shame of large body size in pregnancy may be stressful, and neurophysiological stress pathways are well-known within DOHaD to have consequences for fetal development, so these interventions potentially undermine the very processes they set out to protect. A feminist response may protect women from shame and redirect attention to the social and structural determinants of health. (shrink)

According to Kant, being purely rational or purely reasonable and being autonomously free are one and the same thing. But how can this be so? How can my innate capacity for pure reason ever motivate me to do anything, whether the right thing or the wrong thing? What I will suggest is that the fundamental connection between reason and freedom, both for Kant and in reality, is precisely our human biological life and spontaneity of the will, a conjunctive intrinsic structural (...) property of our animal bodies, which essentially constitutes human personhood and rational agency. I say ‘suggest’ because, obviously, no proper argument for such a conclusion could ever be worked out in a short essay. I would nevertheless like to motivate my suggestion by way of a commentary on the second part of Adrian Moore's extremely rich and interesting recent book, Noble in Reason, Infinite in Faculty. (shrink)

Background: New Zealand health and disability providers are expected to have local open disclosure policies in place, however, empirical analysis of these policies has not been undertaken. Aim: This study aims to examine the scope and content of open disclosure policies in New Zealand compare open disclosure policies in New Zealand, and provide baseline results for future research. Methods: Open disclosure policies were requested from all twenty New Zealand District Health Boards in June 2016. A total of twenty-one policies were (...) received, with nineteen policies included in the review. The data were analysed using conventional content analysis. Areas of identified guidance were categorised categorized under the headings: 1) identification of an adverse event, 2) actions before disclosure, 3) disclosure of harm, and 4) actions after disclosure. Results: A total of forty-six distinct areas of guidance could be categorized under the different phases of the open disclosure life-cycle. Conclusion: This review has identified significant unwarranted heterogeneity and important gaps in open disclosure documents in New Zealand which urgently needs to be addressed. Open disclosure policies which are both flexible and specific should enhance the likelihood that injured patients’ needs will be met. (shrink)

The integration of first-, second-, and third-personal information within joint intentional collaboration provides the foundation for broad-based second-personal morality. We offer two additions to this framework: a description of the developmental process through which second-personal competence emerges from early triadic interactions, and empirical evidence that collaboration with a concrete goal may provide an essential focal point for this integrative process.