Can a corporation have a conscience? What is wrong with reverse discrimination? Can ethical management and managed care coexist? Hoffman, Frederick, and Schwartz address these and many other current, intriguing, often complex issues in corporate morality. This introductory business ethics text contains a thorough general introduction on ethical theory, 54 readings, and 25 cases. Divided into five parts, each with an introduction that presents the major themes of its articles and cases, the text contains an impartial, point-counterpoint presentation of (...) different perspectives on the most important issues being debated in business ethics. Each chapter ends with questions that can be used for student discussion, review, tests/quizzes, or for student assignments. The fourth edition has 27 new readings, 15 new cases, and 10 new mini-cases. (shrink)

' ...this volume extracts the moral and ethical conflicts presented by everyday police activity and makes explicit the assumption that shape the police response... '.

We develop a framework for assessing security market quality, relating five elements of market design to three metrics of market integrity and two metrics of market efficiency. We empirically implement this integrity–efficiency MQ framework by testing a hypothesis that trade-based ramping manipulation at the close raises execution costs on 24 security markets worldwide. Estimating a simultaneous equations model of ramping incidence, spreads, and the probability of deploying real-time surveillance, we show that quoted bid-ask spreads are positively related to the incidence (...) of MTC across seven liquidity deciles. The magnitude is economically significant; improving market integrity by cutting MTC in half reduces spreads 6–11 %. Allowing direct market access in conjunction with RTS, conducting auctions at the close, and developing regulations that require surveillance, all reduce MTC and thereby lower spreads, assuring better market integrity and enhancing market efficiency. Introducing circuit breakers or prohibiting shorts poses integrity–efficiency tradeoffs. (shrink)

Edited by Hans-Christoph Schmidt am Busch & Christopher Zurn. This volume collects original, cutting-edge essays on the philosophy of recognition by international scholars eminent in the field. By considering the topic of recognition as addressed by both classical and contemporary authors, the volume explores the connections between historical and contemporary recognition research and makes substantive contributions to the further development of contemporary theories of recognition.

Both fairness and efficiency are important considerations in market design and regulation, yet many regulators have neither defined nor measured these concepts. We develop an evidencebased policy framework in which these are both defined and measured using a series of empirical proxies. We then build a systems estimation model to examine the 2003–2011 explosive growth in algorithmic trading on the London Stock Exchange and NYSE Euronext Paris. Our results show that greater AT is associated with increased transactional efficiency and reduced (...) information leakage in top quintile stocks. For less liquid stocks, manipulation at the close declines. We also document the tradeoff between reduced spreads and increased manipulation or information leakage following the introduction of MiFID1. (shrink)

The standard model for mereotopological structures are Boolean subalgebras of the complete Boolean algebra of regular closed subsets of a nonempty connected regular T0 topological space with an additional "contact relation" C defined by xCy ? x n ? Ø.

Schober et al. describe two studies on how survey interview respondents misunderstand interview questions. After answering a survey, participants are given standardized definitions of the questions they have just answered. Even apparently simple questions such as “Have you smoked more than 100 cigarettes?” are interpreted very differently by participants. Moreover, clarifying the meaning of the definitions with the interviewer does not always help resolve the miscommunication.

In the history of philosophy, Fichte's thought marks a crucial transitional stage between Kant and post-Kantian philosophy. Fichte radicalized Kant's thought by arguing that human freedom, not external reality, must be the starting point of all systematic philosophy, and in Foundations of Natural Right, thought by many to be his most important work of political philosophy, he applies his ideas to fundamental issues in political and legal philosophy, covering such topics as civic freedom, rights, private property, contracts, family relations, and (...) the foundations of modern political organization. This volume offers a complete translation of the work into English, by Michael Baur, together with an introduction by Frederick Neuhouser that sets it in its philosophical and historical context. (shrink)

Recently, Rueger and Sharp (1996) and Koperski (1998) have been concerned to show that certain procedural accounts of model confirmation are compromised by non-linear dynamics. We suggest that the issues raised are better approached by considering whether chaotic data analysis methods allow for reliable inference from data. We provide a framework and an example of this approach.

BackgroundTo prevent the planet from catastrophic global warming a reduction of greenhouse gas emissions to net zero is required. Thus, divestment from fossil fuels must be a strategic interest for health insurers. The aim of this study was to analyse the implementation of environmental, social and governance criteria in German private health insurers’ investments.MethodsIn 2019 a survey about ESG strategies was sent to German private health insurance companies. The survey evaluated investment strategies and thresholds for the exclusion of sectors and (...) business practices, as well as company strategies for sustainable business development.FindingsGiven their business reports, German private health insurers manage assets of more than €350 billion. 11 of 40 insurance companies provided quantitative data, 10 refused to answer. According to quantitative data, €66 billion of assets is managed according to any ESG criteria; this equals an average of 76% of each company’s bonds. None of these insurers excluded the production and sale of fossil fuels. All excluded coal mining but only at high thresholds. For €226 billion, no data were provided.InterpretationThe findings are in contrast to the expected intrinsic economic interest of the insurers to stop global warming and improve public health. The majority of assets are managed in a highly problematic manner, especially the absence of capital allocated in fields contrary to medical ethics cannot be presumed. Lack of transparency is a major problem that limits clients in choosing the insurer who has the most advanced ESG criteria. (shrink)

A long-standing tenet of virtue theory is that moral virtue and knowledge are connected in some important way. Julia Driver attacks the traditional assumption that virtue requires knowledge. I argue that the examples of virtues of ignorance Driver offers are not compelling and that the idea that knowledge is required for virtue has been taken to be foundational for virtue theory for good reason. I propose that we understand modesty as involving three conditions: 1) having genuine accomplishments, 2) being aware (...) of the value of these accomplishments, and 3) having a disposition to refrain from putting forward one's accomplishments. When we understand modesty this way, we can properly identify genuine cases of modesty and see how modesty requires knowledge. Something similar can be said about other alleged virtues of ignorance. With the proposal in place, we have no serious reason to think that moral virtue requires ignorance. Additionally, we have good reasons for thinking that acting virtuously requires having good intentions and that a necessary condition of having a virtue is having knowledge. Although some might take these results to be trivial or obviously true, I think the Julia Driver's challenge should not be dismissed out of hand. Even though there are some reasons for thinking that some situations suggest that knowledge and virtue can be separated from one another, close analysis reveals this impression is only surface deep. (shrink)

A symposium on Michael Strevens' book "Tychomancy", concerning the psychological roots and historical significance of physical intuition about probability in physics, biology, and elsewhere.

The standard model for mereotopological structures are Boolean subalgebras of the complete Boolean algebra of regular closed subsets of a nonempty connected regular T 0 topological space with an additional "contact relation" C defined by xCy x ØA (possibly) more general class of models is provided by the Region Connection Calculus (RCC) of Randell et al. We show that the basic operations of the relational calculus on a "contact relation" generate at least 25 relations in any model of the RCC, (...) and hence, in any standard model of mereotopology. It follows that the expressiveness of the RCC in relational logic is much greater than the original 8 RCC base relations might suggest. We also interpret these 25 relations in the the standard model of the collection of regular open sets in the two-dimensional Euclidean plane. (shrink)

Both fairness and efficiency are important considerations in market design and regulation, yet many regulators have neither defined nor measured these concepts. We develop an evidencebased policy framework in which these are both defined and measured using a series of empirical proxies. We then build a systems estimation model to examine the 2003–2011 explosive growth in algorithmic trading on the London Stock Exchange and NYSE Euronext Paris. Our results show that greater AT is associated with increased transactional efficiency and reduced (...) information leakage in top quintile stocks. For less liquid stocks, manipulation at the close declines. We also document the tradeoff between reduced spreads and increased manipulation or information leakage following the introduction of MiFID1. (shrink)

Michael Winters | : Dans cette contribution, on formule l’hypothèse qu’il y a deux styles de leadership dominants dans les discours épiscopaux qui émergent de nos jours aux États-Unis : un premier, plutôt agressif, qui adopte une attitude défensive vis-à-vis de la culture ambiante ; un second, plus traditionnel, qui se contente de relayer l’enseignement de l’Église et laisse les laïcs incarner cet enseignement dans la culture. | : In this paper, it will be argued that there are two (...) dominant styles of leadership which dominate in the United States today : one is the style of the culture warrior, who takes a defensive posture towards the dominant culture ; the other, more traditional, is that of the churchman, who teaches what the Church teaches, but lets the laity engage that teaching in the culture. (shrink)

Bullying often results in negative coping in victims, including an increased consumption of alcohol. Recently, however, an increase in alcohol use has also been reported among perpetrators of bullying. The factors triggering this pattern are still unclear. We investigated the role of empathy in the interaction between bullying and alcohol use in an adolescent sample (IMAGEN) at age 13.97 (±0.53) years (baseline (BL), N = 2165, 50.9% female) and age 16.51 (±0.61) years (follow-up 1 (FU1), N = 1185, 54.9% female). (...) General empathic distress served as a significant moderator of alcohol use in perpetrators (F9, 493 = 17.978, p < 0.01), which was specific for males and FU1. Male perpetrators, who are generally less sensitive to distress, might thus be more vulnerable to alcohol abuse. (shrink)

More attention has been paid in recent years to the relationship between Aristotle’s science and his ethics, but little effort has been directed toward constructing a concrete model of a science of Aristotle’s ethics. I offer a proposal about how we might go about constructing a science of Aristotle’s ethics. I argue that constructing an axiomatic model for a portion of Aristotle’s ethics is not only possible, but helpful in making explicit relationships among concepts at the core of Aristotle’s theory. (...) The model of an axiomatic approach to Aristotle’s ethics, which I propose in this paper, is only a small first step in constructing a full-blown science of Aristotle’s ethics, but taking this first step goes a long way toward showing that this project is promising. (shrink)

More attention has been paid in recent years to the relationship between Aristotle’s science and his ethics, but little effort has been directed toward constructing a concrete model of a science of Aristotle’s ethics. I offer a proposal about how we might go about constructing a science of Aristotle’s ethics. I argue that constructing an axiomatic model for a portion of Aristotle’s ethics is not only possible, but helpful in making explicit relationships among concepts at the core of Aristotle’s theory. (...) The model of an axiomatic approach to Aristotle’s ethics, which I propose in this paper, is only a small first step in constructing a full-blown science of Aristotle’s ethics, but taking this first step goes a long way toward showing that this project is promising. (shrink)

This article presents a case for thinking that moral principles within Aristotle's ethical theory can be both codifiable and action-guiding without minimizing the role of practical reason in determining what should be done. I argue that McDowell dismisses this possibility too hastily. Much of the force of this case rests on my interpretation of "for the most part" relationships in Aristotle.

Recent literature concerning laws of nature highlight the close relationship between general metaphysics and philosophy of science. In particular, a person's theoretical commitments in either have direct implications for her stance on laws. In this dissertation, I argue that an ontic structural realist should be a realist about laws, but only within a non-Whiteheadean process framework. Without the adoption of a process framework, any account of laws the ontic structural realist offers will require metaphysical commitments that are at odds with (...) ontic structural realism. In arguing towards this aim, I adopt an attenuated methodological naturalistic stance to show that traditional substance metaphysics, of the sort neo-Aristotelians endorse, is problematic and that we have naturalistic reasons for further developing process metaphysics. I then apply this framework to develop a processual account of mereological structures and show how we can understand structures as being stable processes. In the final section, I argue that these are the kind of structures with which the ontic structural realist concerns herself. By adopting a realist account of laws the ontic structural realist can explain how these structures enter into modal and causal relations. (shrink)

Goguen categories extend the relational calculus and its categorical formalization to the fuzzy world. Starting from the fundamental concepts of sets, binary relations and lattices, this book introduces several categorical formulations of an abstract theory of relations such as allegories, Dedekind categories and related structures. It is shown that neither theory is sufficiently rich to describe basic operations on fuzzy relations.