As far as we are aware, this study presents the first comparative analysis of the stock picking and market timing abilities of managers of conventional and socially responsible (SR) pension funds, and of their use of superior information. For the United Kingdom, the results obtained show a slight stock picking ability on the part of SR pension fund managers (although it disappears if multifactorial models are considered), and a negative market timing ability on the part of (...) both SR and conventional pension fund managers (these results hold for multifactorial models controlled by home bias). In relation to the management styles, both conventional and SR pension funds usually invest in small cap and growth values, although it is the SR pension funds that are the most exposed to these styles. We also observed that, while conventional pension fund managers make certain use of superior information to follow stock picking strategies, managers of SR pension funds use superior information to follow market timing strategies. (shrink)

Increasingly visible global distributive inequalities and famine pose considerable challenges for policy-makers and political philosophers alike. A recent proposal forwarded by Thomas Pogge has taken on the challenge of outlining a concept of global justice according to which redistribution is not merely predicated on the beneficiaries being in a state of need. The scheme, which he calls the Global Resources Dividend, aims to compensate people who are excluded from the benefits of the common stock of natural resources, by taxing (...) those who unilaterally exploit it and by subsequently redistributing the revenues to the globally poor. This article assesses the GRD's moral standing once it is institutionalized in the real world. It analyses the causal link between a country's resource endowments and its economic prosperity and identifies the beneficiaries of, and contributors to, the monetary transfers under two possible tax-shifting scenarios. The article concludes that in order to offset the morally questionable results that Pogge's scheme produces, some moral demands need to be relaxed and the GRD scheme be divided into separate stages that operate with distinct moral rationales. (shrink)

What is fiction? It permeates contemporary life: via novels we read, stories we tell, box-sets we watch, and as philosophers, thought experiments we use. Many think it should be characterised in terms of a relation to the imagination. In this essay, I’ll consider prominent expressions of this view, as well as rejections of it. Before this, I’ll introduce two methodological approaches that it’s helpful to distinguish.

Recollection is a central component of Kierkegaard’s dramaturgical aesthetics, as it is recollection that allows for the actor and audience to accomplish continuity between the past and present, and, crucially, the private and the public. This continuity is accomplished imaginatively, wherein an actor or a poet seeks to elicit mood and establish an interpersonal dimension to inwardness, hence allowing the act of recollection to have both existential and social significance. My task is to articulate this aspect of his dramaturgical aesthetics (...) and demonstrate how there is a further continuity, between Kierkegaard’s thinking of the aesthetic and the religious in his authorship. I establish this continuity by analyzing the relationship between the living and the dead in recollection. Because recollection also forms an inward relation to the dead, this analysis has important implications for his doctrine of Christianity. Consequently I suggest Kierkegaard’s authorship fits Lessing’s criteria for a successful Christian drama. At a minimum Kierkegaard wrote in order to be read dramaturgically, with the reader thinking alongside and interpreting the text based on the mood it elicits. Finally, Kierkegaard’s own work of recollecting Christ in a “martyrdom of laughter” [Latterens Martyrium] establishes a continuity between the aesthetic (im)possibility of Christian theater qua Lessing and the religious (im)possibility of imitating Christ. (shrink)

This chapter defends a theory of objectification, conceiving of it as a species of what aestheticians have called ‘seeing‐as’, and more specifically, a kind of seeing‐as which to some degree is insensitive to the mind or mental aspects. An advantage of this view is that it covers both sexual and racial objectification, and can also explain how photographic images can objectify their subjects: namely, by encouraging the viewer to view in a way insensitive to the mind or mental aspects of (...) the subject. It also explains in what context objectification to can be harmless. This view is discussed in relation to several others. (shrink)

On Our Allotted Guardian Spirit is a lively and at times perplexing text combining general reflections on the nature of the soul with a discussion of the phenomenon of a personal guardian spirit. Plotinus wants to interpret Plato, and aims to integrate Plato's various statements about daimones into one comprehensive theory. This leads to some views that are, if not exotic, then at least strange on first encounter. However, a closer reading reveals that Plotinus is not interested in demonology per (...) se. Instead, the central concern of the treatise are ideas about the soul, the self, and self-consciousness. Plotinus' explorations produce a theory of the mind as the agent and activity responsible for a person’s ethical choices and conduct of life. The demon emerges as a philosophical tool passed down from Plato, but adapted and rationalized to try to explain motivation to action, the impulse toward the ethical life, and even the various differences in human ethical and psychological constitution. This innovative theory is a response to a strong and ongoing current of thought in the philosophical tradition. The introduction offers an overview of ancient demonologies, starting with Homer and the Presocratics, and is followed by an in-depth examination of Plato, the Stoics, Plotinus, and later Neoplatonic developments. As such the book presents Plotinus’ specific rationalizing response to the idea of a guardian spirit in the context of ancient philosophical demonologies. (shrink)

A popular approach to defining fictive utterance says that, necessarily, it is intended to produce imagining. I shall argue that this is not falsified by the fact that some fictive utterances are intended to be believed, or are non-accidentally true. That this is so becomes apparent given a proper understanding of the relation of what one imagines to one's belief set. In light of this understanding, I shall then argue that being intended to produce imagining is sufficient for fictive utterance (...) as well. (shrink)

One of the strangest of the many strange habits of philosophers, which mark them out as the Ishmaels of the scientific world, is their refusal to agree as to the precise meaning of the words they use. No philosopher, it seems, is bound by the definitions given by predecessors or contemporaries of even the most central terms: each has to define his terms for himself. The resulting situation certainly lends itself to ridicule and caricature, as in the legend of the (...) theological disputants who arrived after long argument at the conclusion that when the one said ‘God’ he meant what the other meant when he said ‘Devil.’ Still it is probable that this idiosyncrasy of philosophers has some real ground in the special nature of the task on which they are engaged, and is not a mere exhibition of aimless malice or sheer incompetence. Whether that is so or not, one of the consequences of this situation is that the titles of philosophic discourses are apt to be singularly unilluminating: as an indication of the problem to be raised they are, to say the least, highly ambiguous. How the reader may understand the title of this paper I do not know; but the question which I had in mind in choosing it was this. (shrink)

A study of moral values is a study of the values relevant to character and conduct. Since conduct consists of actions and character is exhibited in and inferred from actions, the phrase “values relevant to actions” would perhaps suffice. The term “values” needs little amplification. But it is necessary to observe that there are on the face of it two sets of values relevant to actions, namely those which actions themselves possess, so that we differentiate them as good and bad (...) actions—a differentiation which may be made by a spectator in regard to a process in which he himself takes no part; those asserted implicitly by an agent in his action considered as an interference with the course of events. In the most obvious and typical cases this second set of values attach themselves, not to actions, but tothe environment of action as modifiable by it; in particular, to states or events which action may help to maintain or bring about. Thus the act of tidying a room implies a preference under the given circumstances for a tidy rather than an untidy room. (shrink)

In these days, when, if the words of constitutions can be trusted, sovereign Parliaments based on manhood or adult suffrage are rapidly extending their sway over the greater part of the world, there is surely no conception more deserving of the attention of the political theorist than that of Representation. There was a time when government for most men meant monarchy, when ruler meant king or king's minister. To-day for most men ruler means Parliament or ministers responsible to Parliament, and (...) government means representative government. In those former times the political theorist would naturally take the king or prince for his centre-piece, and devote himself to expounding the nature and attributes of the office. “For from the prince, as from a well spring, cometh the flood of all that is good or evil upon the people” . In our own day he would perhaps do well to devote himself first and mainly to reflection on the meaning of this term representation, standing as it does for something which is taken by general consent to constitute the distinctive feature of the normal modern type of government. He may run the risk of speaking merely for his own day; but he should at least be sure of remaining near the centre of his subject. (shrink)

We may look at the relation of will and motive from another side as follows: Will, we have said, is an individual response to an individual situation. Like the situation itself, it is not a fixed thing persisting through change, but involved in a continuous flow of change, re-adapting itself constantly in one respect or another to recognized changes of circumstance. It can have no more immutability than circumstance, and if it is not to be left behind in the march (...) of events and become old-fashioned, it should have the capacity for the same rapidity of change. Now motives also change, but in a different way. First one motive operates, then another, as circum-. (shrink)

We may look at the relation of will and motive from another side as follows: Will, we have said, is an individual response to an individual situation. Like the situation itself, it is not a fixed thing persisting through change, but involved in a continuous flow of change, re-adapting itself constantly in one respect or another to recognized changes of circumstance. It can have no more immutability than circumstance, and if it is not to be left behind in the march (...) of events and become old-fashioned, it should have the capacity for the same rapidity of change. Now motives also change, but in a different way. First one motive operates, then another, as circum-. (shrink)

Moral philosophy characteristically sees moral standards as reasons. That an action would be kind or just or in some way morally admirable is supposed to give us a reason for performing it. And surely there is something right about the thought that moral standards imply reasons for conforming to them. For we offer the morality of an action as a relevant consideration in practical argument— a consideration to support that action's performance. You should provide the help, because it would be (...) kind, or just, and so forth. And an argument, surely, is in the business of offering reasons for what the argument supports. (shrink)

In the first half of this book, I offer a theory of fictional content or, as it is sometimes known, ‘fictional truth’.The theory of fictional content I argue for is ‘extreme intentionalism’. The basic idea – very roughly, in ways which are made precise in the book - is that the fictional content of a particular text is equivalent to exactly what the author of the text intended the reader to imagine. The second half of the book is concerned with (...) showing how extreme intentionalism and the lessons learnt from it can illuminate cognate questions in the philosophy of fiction and imagination. For instance, I argue, my position helps us to explain how fiction can provide us with reliable testimony ; it helps explain the phenomenon of imaginative resistance ; and it fits with, and so supports, a persuasive theory of the nature of fiction itself. In my final chapter, I show how attending to intentionalist practices of interpreting fictional content can illuminate the nature of propositional imagining itself. (shrink)

Since its inception, psychoanalysis has been hailed as a revolutionary theory of how the mind works, whilst some of its ideas such as the Oedipus complex have become part of everyday conversation. In Psychoanalysis: A Very Short Introduction, Daniel Pick offers a lucid, lively, and wide-ranging survey of psychoanalysis. This book offers the reader a flavour of what it might be like to enter treatment, and suggests the possible surprises that can await both analyst and patient, as well as the (...) potential benefits. Yet whilst Freud's writings have shaped the way many of us understand dreams, desires, and destructiveness, as well as anxieties, blunders, and guilt, numerous critics have warned of the dangerous methods and time-bound assumptions of psychoanalysis, doubted the efficacy of its drawn-out methods, and dismissed its core claims as pseudo-science. Looking at modern ideas of the self, exploring the nature of unconscious aspects of relationships, and considering how psychoanalysis has evolved, Pick ponders the particular challenges now facing the analytic profession, and shows why psychoanalysis remains an important resource for investigating the mind, its creative functioning and many afflictions.ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable. (shrink)

This research applies the impression management theory of exemplification in an accounting study by identifying and measuring differences in both auditor and public perceptions of exemplary behaviors. The auditors were divided into two groups, one of which reported self-perceptions (A-S) while the other group reported their perceptions of a typical auditor (A-O). There were two separate public groups, which gave their perceptions of a typical auditor and were divided based on their levels of accounting sophistication. The more sophisticated public group (...) was comprised of bank loan officers (LO) while the less sophisticated public group consisted of investment club members (IC). Comparisons were made on 30 behaviors contained in the AICPA Code of Professional Conduct, which served as the basis for the research instrument. Profile analysis, a special form of MANOVA technique, was used to analyze the results. A-S perceptions were the highest of the four treatment levels and were significantly higher (i.e., more exemplary) than the perceptions of both the A-O and LO groups. The more sophisticated user group (LO) provided the lowest perceptions of the four treatment levels. For at least four of the six measures, the LO treatment group perceived the typical auditor to be less exemplary than both the IC and A-O treatments. There were no differences in perceptions between the A-O group and IC. Additional analysis revealed that auditors overrated the degree to which the public relied on financial statements. However, both public groups reported a reasonably high level of reliance on financial statements when making decisions. (shrink)

_Psychoanalysis in the Age of Totalitarianism_ provides rich new insights into the history of political thought and clinical knowledge. In these chapters, internationally renowned historians and cultural theorists discuss landmark debates about the uses and abuses of ‘the talking cure’ and map the diverse psychologies and therapeutic practices that have featured in and against tyrannical, modern regimes. These essays show both how the Freudian movement responded to and was transformed by the rise of fascism and communism, the Second World War, (...) and the Cold War, and how powerful new ideas about aggression, destructiveness, control, obedience and psychological freedom were taken up in the investigation of politics. They identify important intersections between clinical debate, political analysis, and theories of minds and groups, and trace influential ideas about totalitarianism that took root in modern culture after 1918, and still resonate in the twenty-first century. At the same time, they suggest how the emergent discourses of ‘totalitarian’ society were permeated by visions of the unconscious. Topics include: the psychoanalytic theorizations of anti-Semitism; the psychological origins and impact of Nazism; the post-war struggle to rebuild liberal democracy; state-funded experiments in mind control in Cold War America; coercive ‘re-education’ programmes in Eastern Europe, and the role of psychoanalysis in the politics of decolonization. A concluding trio of chapters argues, in various ways, for the continuing relevance of psychoanalysis, and of these mid-century debates over the psychology of power, submission and freedom in modern mass society. Psychoanalysis in the Age of Totalitarianism will prove compelling for both specialists and readers with a general interest in modern psychology, politics, culture and society, and in psychoanalysis. The material is relevant for academics and post-graduate students in the human, social and political sciences, the clinical professions, the historical profession and the humanities more widely. (shrink)

He discusses the work of such familiar commentators as Clausewitz, Engels, and Treitschke, and examines little-known writings by Proudhon, De Quincey, Ruskin, Valery, and many others, culminating in the extraordinary dialogue between Freud ...

Pick's The Cabala: Its Influence on Judaism and Christianity is a wonderful brief overview of the Cabala. In it, Pick describes the origin of the Cabala, the pre-Zohar, Zohar, and post-Zohar periods, and how the Cabala relates to Judaism and Christianity. A table of contents is included for easier navigation.

This article considers a series of ideas disturbing the conventional wisdom that decrees education an essential force in saving the world. Taking Morton's descriptions of hyperobjects seriously, we consider his radical idea that the world has ended amidst the eco-political depredations of the Anthropocene. Accordingly, we claim that education in modernity most properly belongs - materially and ideologically - with technological enframing and the rise of biopower. In other words, what is taken almost universally as the sacred realm of education (...) is, in fact, a contributory factor in the global eco-ontological crisis. Morton describes global warming, plastics and nuclear arsenals as hyperobjects: viscous, nonlocal entities that exist in temporal and spatial planes vastly different from our own immediate worlds. They are the threatening, difficult to access entities that express the Anthropocene. While most will propose that education will be vital in combating looming ecological apocalypse, we consider that education is a hyperobject itself. Education, we opine, is aligned with the forces and conditions that have generated the present crisis. This is because education embodies the same qualities as the hyperobjects of modernity; according to any rigorous historical ontology, education as we know it must be seen as the most extensive expression of a dangerous biopower that is beyond control. If this position is to be taken seriously, education is not merely impotent in combatting ecological catastrophe, but is a key apparatus supporting the Anthropocene. Education is thus another element of the end of the world. (shrink)

This article charts the contiguity of farming and film, blending permaculture and cinema to advance a modality of sustainable film theory and practice we call “permacinema.” As an alternative approach to looking and labour, permaculture exhibits a suite of cinematic concerns, and offers a model for cinematic creativity that is environmentally accountable and sensitive to multispecies entanglements. Through the peaceable gestures of cultivation and restraint, permacinema proposes an ecologically attentive philosophy of moving images in accordance with permaculture’s three ethics: care (...) of earth, care of people, and fair share. We focus on work by Indigenous artists in which plants are encountered not only as raw material or as aesthetic resource but as ingenious agents and insightful teachers whose pedagogical and creative inputs are welcomed into the filmmaking process. By integrating Indigenous epistemologies and cosmologies we hope to situate permacinema in the wider project of cinema’s decolonization and rewilding. (shrink)

This article explores Simone Weil's concept of ‘affliction’ and the black poetics of Saidiya Hartman and Fred Moten in relation to two nonfiction films: Artur Aristakisyan's Palms and Foroug...