Recent years have witnessed an increasing growth in mutual funds that invest according to social criteria. As a consequence, the financial performance of these portfolios has attracted the interest of academics and practitioners. This paper investigates the performance of a sample of socially responsible mutual funds from seven European countries investing globally and/or in the European market. Using unconditional and conditional models, we assess the performance of these funds in comparison to conventional and socially responsible benchmark portfolios. The results show (...) that European socially responsible funds present in general neutral performance in relation to both conventional and socially responsible benchmarks. However, performance estimates seem to be slightly higher when funds are evaluated in relation to socially responsible indices. Our results also show that socially responsible funds are more exposed to conventional than to socially responsible indices. Furthermore, conventional benchmarks are better able to explain fund returns than socially responsible benchmarks. These findings are robust to both unconditional and conditional models of performance. We also observe that conditional models lead to a slight improvement of performance estimates and to the explanatory power of the models, both when conventional and socially responsible benchmarks are considered. This is consistent with most previous empirical findings on conditional performance evaluation. Our results show that investors who wish to hold European funds can add social screens to their investment choices without compromising financial performance. (shrink)
This paper presents a comprehensive analysis of socially responsible funds in Sweden by assessing fund managers' abilities and performances across different market states. These issues are analyzed at the aggregate and individual fund levels. The paper also presents several new statistical tests that allow more precise inferences about differences in performance and the variability in fund returns arising from different benchmarks. In general, SR and conventional funds perform similarly to the market. At the aggregate level, SR funds investing in Sweden (...) and Europe perform similarly to conventional funds, while those investing globally tend to underperform. This underperformance seems to be linked with poor selectivity abilities of global SR fund managers. For individual funds, the performance of both types of funds is more similar. Most funds perform similarly in crisis periods compared to non-crisis periods. Overall, our results are consistent with a mature market for SR investing and support the view that the similar performance of SR and conventional funds is associated with the mainstreaming of SR investment in Sweden. These findings encourage SR investing both by socially conscious investors, who wish to align their social values with their investment decisions, as well as by conventional investors, who will not be penalized by investing in these funds. We also call attention to the difficulties investors face when trying to identify funds with high social standards, considering that there is scarce information on the extent to which each fund holds stocks that comply with ethical and social criteria. (shrink)
Escribir hoy en día un libro sobre hermenéutica, que tal hermenéutica se refiera a la desarrollada por G. Gadamer en su conocido Verdad y método y que se pretenda añadir algo nuevo a lo mucho escrito sobre el tema parecería, a primera vista, empresa irrealizable. Que ambas pretensiones inspiren la sólida monografía de María G. Navarro —titulada Interpretar y argumentar— constituye empresa audaz y arriesgada, plena de coraje innovador, que provoca admiración, curiosidad e interés. Contra lo que pudiera parecer a (...) primera vista, el libro contiene un alto componente de originalidad y creatividad, debido a la estratagema metodoló-gica de que se sirve la autora. A saber, una hermenéutica in obliquo, estrategia consistente en interpretar a la hermenéutica gadameriana a través del prisma de la lógica de la argumentación. (shrink)
This article argues for a distinction between reticence and lying, on the basis of what Kant says about reticence in his correspondence with Maria von Herbert, as well as in his other ethical writings, and defends this distinction against the objections of Rae Langton ("Duty and Desolation", 1992). I argue that lying is necessarily deceptive, whereas reticence is not necessarily deceptive. Allowing another person to remain ignorant of some matter is a form of reticence that is not deceptive. This (...) form of reticence may be ethically permissible. (shrink)
The following paper aims to show that the reception of José María Arguedas’most ambitious work, Todas las Sangres [Every Blood], and his suicide were the consequences of a generation that valued authenticity over sincerity. By making acritical analysis of the life and works of Argueda in the light of Lionel Trilling’s conceptsof “sincerity” and “authenticity”, the following paper concludes that Argueda’s natural sincerity might actually have been more complex and productive than the authenticity of his literary and academic peers.
VIEIRA, José Álvaro Campos. Aurora de uma espiritualidade sem religião: análise dos sem religião a partir da concepção de espiritualidade não religiosa de Marià Corbi. 2014. Dissertação , Programa de Pós-graduação em Ciências da Religião, Pontifícia Universidade Católica de Minas Gerais, Belo Horizonte.
This article attempts to recover the arguments of Spanish philosopher María Zambrano, particularly from works expounding her thoughts regarding the notion of person, and to demonstrate how such a reflection engenders the constitution of the idea of history for westernman, characterized by anethi..
Medeia representa a mais antiga das peças euripidianas em que o panegírico de Atenas como espaço de harmonia e espelho de valores gregos está presente. Tendo em conta o horizonte histórico da sua representação – o início da Guerra do Peloponeso e uma das suas causas próximas, os confrontos bélicos com Corinto - o contraste Creonte/Egeu confere a esse panegírico uma natureza publicitária. Nesse horizonte sobressai a crítica euripidiana ao comportamento ético grego, na figura de Jasão, que transgride juramentos, pactos (...) de fidelidade, confirmados pelo apertar da mão direita e consubstanciados no leito, espaço de geração dos filhos, bem como transgride a reciprocidade de philia, que é base das relações sociais e no oikos. Por isso Medeia, a bárbara que se esforçou primeiro por se aculturar, radicaliza o seu sentimento de não pertença à Hélade. Eurípides equaciona já aqui a subversão do binómio Grego/Bárbaro. (shrink)
Contents: Preface. SCIENTIFIC WORKS OF MARIA STEFFEN-BATÓG AND TADEUSZ BATÓG. List of Publications of Maria Steffen-Batóg. List of Publications of Tadeusz Batóg. Jerzy POGONOWSKI: On the Scientific Works of Maria Steffen-Batóg. Jerzy POGONOWSKI: On the Scientific Works of Tadeusz Batóg. W??l??odzimierz LAPIS: How Should Sounds Be Phonemicized? Pawe??l?? NOWAKOWSKI: On Applications of Algorithms for Phonetic Transcription in Linguistic Research. Jerzy POGONOWSKI: Tadeusz Batóg's Phonological Systems. MATHEMATICAL LOGIC. Wojciech BUSZKOWSKI: Incomplete Information Systems and Kleene 3-valued Logic. Maciej KANDULSKI: (...) Categorial Grammars with Structural Rules. Miros??l??awa KO??L??OWSKA-GAWIEJNOWICZ: Labelled Deductive Systems for the Lambek Calculus. Roman MURAWSKI: Satisfaction Classes - a Survey. Kazimierz _WIRYDOWICZ: A New Approach to Dyadic Deontic Logic and the Normative Consequence Relation. Wojciech ZIELONKA: More about the Axiomatics of the Lambek Calculus. THEORETICAL LINGUISTICS. Jacek Juliusz JADACKI: Troubles with Categorial Interpretation of Natural Language. Maciej KARPI??N??SKI: Conversational Devices in Human-Computer Communication Using WIMP UI. Witold MACIEJEWSKI: Qualitative Orientation and Grammatical Categories. Zygmunt VETULANI: A System of Computer Understanding of Texts. Andrzej WÓJCIK: The Formal Development of van Sandt's Presupposition Theory. W??l??adys??l??aw ZABROCKI: Psychologism in Noam Chomsky's Theory . Ryszard ZUBER: Defining Presupposition without Negation. PHILOSOPHY OF LANGUAGE AND METHODOLOGY OF SCIENCES. Jerzy KMITA: Philosophical Antifundamentalism. Anna LUCHOWSKA: Peirce and Quine: Two Views on Meaning. Stefan WIERTLEWSKI: Method According to Feyerabend. Jan WOLE??N??SKI: Wittgenstein and Ordinary Language. Krystyna ZAMIARA: Context of Discovery - Context of Justification and the Problem of Psychologism. (shrink)
¿Qué es razonar?, ¿qué es interpretar?, ¿cómo podemos estar seguros de que determinadas interpretaciones, en ciertos contextos políticos, sociales, culturales, etc., son más razonables que otras? Estas preguntas se encuentran en el origen de dos tradiciones de pensamiento: la hermenéutica y la analítica.
The relationship between Mary and the Holy Spirit can be appointed in Scriptures passages that supply us enough security to affirm it a different relationship of that others creatures can have with God. This relationship is a model of the integration desired by God with his Church. May be perceived that many of the mentions done at Holy Spirit in the New Testament have Mary like person of the respective context. Being herself a masterpiece of the Holy Spirit she is (...) quoted in intention to serve like prototype of that spreaks a text. Is based on this affirmation that Mary is a start point to the ecclesiology and to pneumatology since long tradition in the Church. A study about Mary and the Holy Spirit have in view, therefore, afford elements of theological elaboration to both treaties of fundamental relevance. (shrink)
El presente artículo tiene como objetivo invitar a reflexionar sobre la obra de una filósofa que representa uno de los pensamientos más originales del quehacer filosófico español: María Zambrano. Sus planteamientos en torno a la crítica cultural y género, la crítica al pensamiento moderno, son en sí, una clara crítica a la razón patriarcal. Repensar el quehacer político-práctico de María Zambrano como una figura de la emancipación nos permitirá entender nuestro propio presente.
María Jesús Vitón es Doctora en Ciencias de la Educación y Profesora Titular de la Universidad Autónoma de Madrid. Desarrolla su docencia y sus investigaciones en el terreno de lo socio-educativo, en grupos, en territorios, en países y en paisajes donde su quehacer profesional cobra el sentido de contribuir a transformar; a transformar con otros.Diálogos con Raquel es una propuesta metodológica práctica para planificar, desarrollar y evaluar acciones educativas en la diversidad cultural, con ..
Desde las filosofías de la imaginación y vitalista, María Zambrano habla del exilio político. Lo protagonizan los bienaventurados, a saber, los fieles a sus ideales, unos seres libres que no mienten porque no necesitan los disfraces de la maldad. Las fases del exilio son: 1) el destierro o pérdida d..
“¿Cómo un ser humano cualquiera, educado en los valores cristianos que son predominantes en los sectores militares de la sociedad chilena pudo, como resultado de sus comportamientos de obediencia, transgredir los umbrales de la ética y realizar actos criminales?”. Esta pregunta de investigación guía el trabajo de María Teresa Pozzoli que reseñamos. El libro de María Teresa Pozzoli aborda la debida obediencia militar arraigada en la ideología de las Fuerzas Armadas chilenas durante el período..
El libro de María Novo está compuesto por un conjunto de artículos en los que diversos autores denuncian el tratamiento invisibilizante que el paradigma vigente -en el contexto de la Modernidad y también de la Globalización- ha comprometido la dignidad y la integridad de dos sujetos o entidades: la mujer y la naturaleza. El primer capítulo escrito por la misma María Novo, examina el papel que en los últimos siglos las sociedades patriarcales le han otorgado a la naturaleza y a (...) las mujeres, am.. (shrink)
This paper lays out the epistemology of Maria Montessori . I start with what I call Montessori's ‘interested empiricism’, her empiricist emphasis on the foundational role of the senses combined with her insistence that all cognition is infused with ‘interest’. I then discuss the unconscious. Partly because of her emphasis on early childhood, Montessori puts great emphasis on unconscious cognitive processes and develops a conceptual vocabulary to make sense of the continuity between conscious and unconscious processes. The final sections (...) turn to two brief but important applications of this general epistemic framework, the importance of ‘meditation’ as an epistemic practice and Montessori's accounts of epistemic virtues. (shrink)
This article draws on Martha Nussbaum's distinction between basic, internal, and external capacities to better specify possible locations for children's ‘incapacity’ for autonomy. I then examine Maria Montessori's work on what she calls ‘normalization’, which involves a release of children's capacities for autonomy and self-governance made possible by being provided with the right kind of environment. Using Montessori, I argue that, in contrast to many ordinary and philosophical assumptions, children's incapacities for autonomy are best understood as consequences of an (...) absence of external conditions necessary for children to exercise capacities they already have internally, rather than intrinsic limitations based on their stage of life. In a closing section, I show how Montessori proposes a model wherein both children and adults have autonomy, power, and responsibility, but over different spheres, and suggest implications of these differences for who has responsibility for establishing the conditions under which children can flourish. (shrink)
This paper elucidates the core principles of Maria Montessori's metaphysics. Her attention to embryological, evolutionary, and educational development led to her teleological metaphysics of life. Individual organisms are governed by internally driven, perfectionist, discontinuous teleology. And this individual teleology is integrated into a holistic, ecological context whereby individuals' striving towards perfection works for the increased ordered complexity of the systems of which they are parts. Moreover, Montessori extends this metaphysics of life to include nonliving components of nature, such that (...) atoms, planets, and inorganic molecules are governed by the same general teleological structure. (shrink)
Through philosophical analysis of Montessori’s critiques of psychology, I aim to show the enduring relevance of those critiques. Maria Montessori sees experimental psychology as fundamental to philosophy and pedagogy, but she objects to the experimental psychology of her day in four ways: as disconnected from practice, as myopic, as based excessively on methods from physical sciences, and—most fundamentally—as offering detailed examinations of human beings (particularly children) under abnormal conditions. In place of these prevailing norms, Montessori suggests a model of (...) the teacher-scientist in a specially prepared environment, who can engage in sustained and impassioned observation of “normalized” children. Drawing from a variety of texts and recently published lectures, this article lays out Montessori’s philosophy of experimental psychology and briefly discusses its relevance today. (shrink)
1. As John Hawthorne and Maria Lasonen-Aarnio appreciate, some of the central issues raised in their ‘Knowledge and Objective Chance’ arise for all but the most extreme theories of knowledge. In a wide range of cases, according to very plausible everyday judgments, we know something about the future, even though, according to quantum mechanics, our belief has a small but nonzero chance (objective probability) of being untrue. In easily constructed examples, we are in that position simultaneously with respect to (...) many different propositions about the future that are equiprobable and probabilistically independent of each other, at least to a reasonable approximation. (shrink)
Resumen: Diez años después de la muerte de Franco, la escritora catalana Maria Barbal publicó Pedra de tartera, una novela sobre la trayectoria vital de una campesina del Pirineo marcada por la Guerra Civil española. El objetivo de este artículo es demostrar que el éxito local e internacional de la obra reside en la capacidad de la voz narrativa por rememorar el pasado desde el posicionamiento ético en contra de los seculares poderes patriarcales y el compromiso con la denuncia (...) de la condición de la mujer. La obra de Barbal ha merecido una atención académica poco significativa, que además no ha profundizado en su dimensión de relato de guerra. Con el fin de situar Pedra de tartera en el corpus de narrativas de la memoria que abordan la Guerra Civil, proponemos una exégesis que pone el foco en el reconocimiento de la violencia patriarcal, bélica y postbélica que sufre la protagonista.: Ten years after Franco’s death, the Catalan writer Maria Barbal published Stone in a Landslide, a novel about the life story of a peasant woman of the Pyrenees marked by the Spanish Civil War. The aim of this paper is to prove that local and international success of the work lies in the ability of the narrative voice to remember the past from the ethical stance against the secular patriarchal powers and commitment to denouncing the woman’s condition. The work of Barbal still has not had the academic attention that it deserves, especially as a war narrative. In order to place Stone in a Landslide in the corpus of the narrative of memory addressing Civil War, we propose an exegesis that places the focus on the recognition of patriarchal, war and postwar violence suffered by the protagonist. (shrink)
El libro de María González Navarro se presenta a sí mismo como una “nueva hermenéutica” (23). La novedad involucra dos aspectos: uno que llamaremos metateórico y otro hermenéutico en propiedad. Hablando metateóricamente, el libro presenta una hermenéutica gadameriana vigorizada y robustecida por las teorías pragma-dialécticas de la argumentación. Desde el punto de vista hermenéutico propiamente dicho, la novedad reposa en que se considera que la interpretación correcta está indesligablemente vinculada a la argumentación abductiva.
Among the elements which have gradually been complicating the countless representations of the Virgin Mary throughout history, this paper seeks to highlight and interpret conceptually one of special doctrinal significance in some Marian images during the fourteenth and fifteenth centuries: the temple, in whose interior some artists place some actual or symbolic episodes of Mary, from her birth or her Annunciation to the Sacra Conversazione, to give a few examples. Even though at first sight it looks as a mere scenographic (...) or ornamental ingredient, without iconographic value, this precise shape of temple reveals in fact some profound Mariological and Christological meanings. In that order of ideas, this essay is based on a double methodological strategy: first and foremost, to analyze some Marian images which include in the aforementioned period the shape of a temple, in order to see what kind of role such a religious building plays in them; secondly, to discover the relevant keys for interpreting such images, by analyzing some specific texts of the Church Fathers and medieval theologians who identify with Mary the figure of the «temple of God». For this reason, after a brief introduction to the problem, the present study is structured into three main parts inextricably intertwined: in the first we comparatively analyze twelve Marian paintings of the fourteenth and fifteenth centuries in which the Virgin appears inside a temple; in the second we explain the many exegesis that, in a consistent and strong patristic and theological tradition, identify the analogy of the templum Dei directly with the Virgin Mary, or indirectly with the Christ’s human body conceived in her womb; on the basis of this double analysis of images and exegetical writings, the third part of the paper states as a synthetic conclusion that the artistic representation of a temple or a church building in some Marian images of this period offers a compelling plastic metaphor of Mary and, ultimately, of her virginal divine motherhood. (shrink)
Este trabajo tiene por propósito presentar de manera secuencial dos puntos asociados a la actualidad filosófica de lo religioso en el contexto de un pensamiento como el de María Zambrano. Por qué María Zambrano, pues porque nos da dos cosas:1) nos ubica en un tejido hermenéutico que califica de filosófica la cuestión religiosa y, 2) si bien lo religioso como problema tiene su tiempo, Zambrano recupera el tono de actualidad de la relación Dios-persona, vale decir, su pertinencia para la descripción (...) de la impronta del lugar primario de lo religioso en la comunidad humana. Además, que ante la tarea de validar sus objetivos filosóficos, ve en la razón la capacidad de elaborar discursos explicativos sobre la presencia o no de lo sacro en la existencia. This paper has for intention to present sequentially two points associated with the philosophical current importance of the religious thing in a context of a thought as that of Maria Zambrano. Why Maria Zambrano, because she gives us two things: 1) She locates us in a hermeneutical tissue who qualifies of philosophical the religious question and 2) though the religious thing like problem has his time, Zambrano recovers the tone of current importance of the relationship God-person, that is, its pertinence for the description of the stamp of primary place that the religious thing take place in the human community. In addition, that before the task of validating her philosophical aims, she sees in the reason the aptitude to elaborate explanatory speeches about the presence or not of the sacred thing in the existence. (shrink)
lydia maria child was one of the best-known women intellectuals of the nineteenth century on the American scene, and yet her name is not often heard today.1 Although it might seem gratuitous to attempt to label a thinker—and, in some cases, not only unnecessary, but demeaning—there is ample reason to think that Child can be called a transcendentalist, as well as an early abolitionist and feminist. In any case, the independent and very forward-looking work of this woman thinker of (...) her time, it can be argued, deserves further consideration and is not without philosophical import.Child’s name comes up now because there is renewed interest in a number of circles in the efforts of abolitionists, both black.. (shrink)