This paper investigates the effect of corporate social responsibility (CSR) on firm value and seeks to identify the source of that value, by disaggregating the effects on forecasted profitability, long-term growth and the cost of capital. The study explores the possible risk (reducing) effects of CSR and their implications for financial measures of performance. For individual dimensions of CSR, in general strengths are positively valued and concerns are negatively valued, although the effect is not universal across all dimensions of CSR. (...) We show that these valuation effects are principally driven by CSR performance associated with better long run growth prospects, with an additional minor contribution made by a lower cost of equity capital. (shrink)

This paper argues the case that tests of how investors value corporate social performance (CSP) based upon realised stock market returns are liable to be weak tests if markets are efficient and firms change CSP policies infrequently. We provide a theoretical explanation of why this will be the case using examples to illustrate. Subsequently, we set out an alternative theoretical framework for the purposes of investigating whether markets place a positive, or a negative, valuation on CSP, and show why this (...) is superior to tests based upon Tobin’s Q. Using US KLD data, we demonstrate that, as theorised, markets place a positive value on CSP that is not detected by conventional returns-based tests. Our conclusion is that researchers who are interested in the question of whether engagement with a corporate social responsibility agenda is a value-enhancing activity for a company (as argued by some stakeholder theorists) or value destructive (as argued by Friedman, The social responsibility of business is to increase its profits, The New York Times Magazine, 1970), need to look beyond returns-based tests to answer the research question posed. (shrink)

From Karl Marx to Alexandre Kojève to Luce Irigaray, many writers have explored the implications of the famous master-slave dialectic in Hegel's Phenomenology of Spirit.1 An interesting debate has developed out of the possible gender connotations of this dialectic—a debate that has centered largely on the theory that the master could represent man, with the slave consequently representing woman. A close analysis of the Phenomenology reveals that both the master and the slave are, in fact, supposed to be men. But (...) is it possible to preserve the core ideas of the Phenomenology while simultaneously recasting both the master and the slave as women? And what are the ramifications of this reconfiguration?These questions. (shrink)

In 1676 Leibniz reluctantly left Paris, headed for Hanover, to take up the position of counselor and librarian to Johann Friedrich, duke of Brunswick—Lüneburg—Calenberg. He was to remain in the employ of a succession of dukes and electors of Hanover—the last being Georg Ludwig, who became George I of England in 1714—until his death in November 1716. During this time he also became a familiar at the court in Berlin of the elector of Brandenburg (later King of Prussia) and at (...) the imperial court in Vienna. This paper traces the important relationships that developed between Leibniz and a number of the ladies of these courts. (shrink)

In this book Gregory Browne rejects the views of David Hume and the Logical Positivists, and argues that there are necessary factual truths, which include a wide range of truths from many fields of knowledge. Browne argues for the necessity of Newton's Laws and truths about natural kinds, and for the factuality of definitional truths and truths of logic and mathematics. Browne synthesizes the work of Kripke, Putnam, Quine and others, but goes beyond the usual discussions of the meanings (...) and definitions of terms to discuss the references of various kinds of terms, and specifically to develop a theory of kinds, distinguishing 'Deep Kinds' and 'Shallow Kinds' . His theory of Deep Kinds does not accept all of the assumptions commonly associated wtih a theory of natural kinds. (shrink)

In the first section of this paper I discuss what Leibniz meant by a miracle and why Leibniz’s definition of the best of all possible worlds implies that it is a world in which miracles are minimized. In the second part of the paper I argue that human happiness within the best of all possible worlds also requires, on Leibniz’s principles, that miracles must there be minimized. In the third section of the paper I consider what, if any, miracles actually (...) remain possible for Leibniz within the best of all possible worlds. In the final section I discuss one important kind of event upon which Leibniz vacillated whether it required miraculous intervention -- namely, the elevation of the sensitive soul to rationality -- and some speculation about the cause of this vacillation in Leibniz is offered. (shrink)

While he was in the employ of the Elector of Mainz, between 1668 and 1671, Leibniz produced a series of important studies in natural law. One of these, dated between 1670 and 1671, is especially noteworthy since it contains Leibniz's earliest sustained attempt to develop an account of justice. Central to this account is the notion of what Leibniz would later come to call `disinterested love', a notion that remained essentially unchanged in Leibniz's work from this period to the end (...) of his life. Through his notion of disinterested love, Leibniz sought to resolve the supposed conflict between self- and other-regarding motives. For a variety of reasons, many commentators have failed to understand the basis of Leibniz's proposed resolution. My purpose in the present paper is to clarify the terms in which Leibniz effected this resolution, as well as to point out important developments in his later thought concerning the relation between pleasure, good, and happiness. (shrink)

One argument that Leibniz employed to rule out the possibility of a world soul appears to turn on the assumption that the very notion of an infinite number or of an infinite whole is inconsistent. This argument was considered in a series of three papers published in The Leibniz Review: in the first, by Laurence Carlin, the argument was delineated and analyzed; in the second, by myself, the argument was criticized and rejected; in the third, by Richard Arthur, an attempt (...) was made to defend Leibniz’s argument against my criticisms. In the present paper, I take up the matter again in an attempt to clarify the issues involved and to defend my original criticisms of the argument against the objections raised by Arthur. (shrink)

In this paper I wish to examine the nature and role of "the phenomena of God" in Leinbiz's mature thought. In the first part of the paper, I discuss the nature of the universal harmony and argue that they are the perceptiual states of finite substances and the relations among them that constitute God's phenomena. In the second part of the paper, I attempt to specify the theoretical role that God's phenomena play in Leibniz's phenomenalism. This leads finally to a (...) discussion of Leibniz's teleological reasoning in the investigation of nature and of how that justification undercuts the argument for God's existence from the pre-established harmony. (shrink)

One argument that Leibniz employed to rule out the possibility of a world soul appears to turn on the assumption that the very notion of an infinite number or of an infinite whole is inconsistent. This argument was considered in a series of three papers published in The Leibniz Review: in the first, by Laurence Carlin, the argument was delineated and analyzed; in the second, by myself, the argument was criticized and rejected; in the third, by Richard Arthur, an attempt (...) was made to defend Leibniz’s argument against my criticisms. In the present paper, I take up the matter again in an attempt to clarify the issues involved and to defend my original criticisms of the argument against the objections raised by Arthur. (shrink)

My aim in this paper is to elucidate Leibniz’s account of moral normativity and the relation between motivation and obligation. I argue against the recent interpretation of Christopher Johns, according to which Leibniz’s moral theory is actually a deontological theory, having more in common with Kantian moral theory than with any form of consequentialism. I argue that for Leibniz reason is not itself the source of practical normativity and real obligation; the source of that is rather the agent’s desire for (...) his own happiness or perfection. For Leibniz, reason in its practical role functions instrumentally: the desire for one’s own happiness is the source of practical normativity, and reason functions only to transfer that normativity from the end that it does not determine to the means to those ends that it does determine. (shrink)

"The documents gathered in this volume cut a winding path through the tumultuous final thirty-three months of Leibniz's life, from March 1714 to his death on 14 November 1716. The disputes with Newton and his followers over the discovery of the calculus and, later, over the issues in natural philosophy and theology that came to dominate Leibniz's correspondence with Samuel Clarke certainly loom large in the story of these years. But as the title of this volume is intended to convey, (...) the letters exchanged between Leibniz and Caroline of Brandenburg-Ansbach, Electoral Princess of Braunschweig-Luneburg and later Princess of Wales, also figure prominently in their telling, and I have included their complete extant correspondence from 1714 to 1716. These letters are of particular interest inasmuch as they provide valuable insights into how and why Leibniz's correspondence with Clarke arose, and why it developed as it did, with Caroline in the role of influential go-between; whence the title, The Leibniz-Caroline-Clarke Correspondence. But there is more; for these letters provide a window into the evolving personal relationship between Leibniz and Caroline. Much of the early correspondence between Leibniz and Caroline after her arrival in England is filled with thoughtful and engaging exchanges about philosophy, literature, and politics, about people Caroline was meeting in England, about those known by Leibniz far and wide, about the new royal family in England, headed by George I (Georg Ludwig of Braunschweig-Luneburg), as well as gossip about affairs of state in both England and Europe at large. Beyond the interest they hold for Leibniz scholars in particular, many of these exchanges should also be of interest to historians of early 18th-century England and Europe, and especially to those interested in the period immediately preceding and following the Hanoverian succession to the throne of England. But even quite early on in their correspondence Leibniz seemed to sense a threat to his relationship with Caroline, and a worrisome paranoia began to creep into some of his letters to her, letters in which he expressed concerns about her continuing allegiance to him now that she had been installed in England amongst his rivals. As the correspondence progressed, Leibniz's paranoia only deepened; but it was nevertheless prophetic of a tragic truth to come. For the letters exchanged between Leibniz and Caroline document the rather sad story of the slow but steady erosion of Caroline's loyalty to Leibniz after she departed Hanover on 12 October 1714 and landed in England at Margate in Kent on 22 October as the new Princess of Wales and future Queen of England. In 1727 the Scottish poet James Thomson penned A Poem Sacred to the Memory of Sir Isaac Newton, calling him "our philosophic sun," and it was by force of the political and cultural mass of this sun that Caroline was eventually, and inexorably, drawn into its orbit, and away from Leibniz". (shrink)

I undertake to examine how Descartes understood the relationship between physics and mathematics. My thesis is that what distinguishes the objects of mathematics from those of physics on Descartes's view is that the former are considered in abstraction from a material substratum while the latter are considered as involving a material substratum. Since it has often been maintained that Descartes identified matter with extension, and hence rejected the notion of a material substratum, I attempt in the first part of my (...) paper to establish the textual basis for ascribing a substratum view to Descartes. In the second part of the paper, I present the case for my thesis concerning Descartes's account of the difference between the objects of mathematics and those of physics. (shrink)

Building on the advances made by feminist reconsiderations of methods, methodology and epistemology, this paper calls for an alliance between feminist social science and the emerging field of queer theory. By challenging traditional scientific approaches to research on sexual minority groups, a distinctly ‘queer’ approach is advocated that adopts a reflexive position on subjectivity and sexuality. While essentialist approaches privilege gay/lesbian, man/woman, and object/subject, this approach advances a framework of critical sexualities that moves social science into an arena of inclusivity (...) and multiple identities, rather than reductionistic categorical thought. The implications are clear: a rethinking of identity categories that transcend stagnant dualisms. (shrink)

(2013). A Review of “Out of the Classroom and into the World: Learning from Fieldtrips, Educating from Experience, and Unlocking the Potential of Our Students and Teachers”. Educational Studies: Vol. 49, No. 6, pp. 567-572.

This is a superbly crafted and exhaustively researched account of the development of Leibniz’s thought, his ambitious plans and undertakings, his myriad intellectual engagements, and his ceaseless comings and goings across Europe. It captures, accurately and in great detail, the remarkably expansive mind of a singularly creative thinker. It is an extraordinary achievement, for the task of writing an intellectual biography of Leibniz is huge. To read even a portion of what he wrote and read, in the languages in which (...) he wrote and read it, to come to grips with the nuances of religion, politics, and intellectual practice that define his world, and to identify the hundreds of individuals, illustrious and forgotten, with whom he interacted would challenge even the most skilled and dedicated scholar. There is no doubt that Antognazza has met this challenge with a biography that surpasses any available account of Leibniz’s life.The book is divided into three parts. A brief introduction surveys past attempts at capturing the breadth of Leibniz’s thought and articulates “four basic, underlying theses” that unify the chapters to follow. They are: first, that Leibniz’s life and work need to be assessed as a whole as opposed to focusing narrowly on his contributions to one or another field; second, that Leibniz’s life and thought are integrated to a remarkable degree and that it is a mistake to. (shrink)

... THIRD WORLD EPISTEMOLOGY L. Jonathan Cohen . Sir Karl Popper's striking hypothesis about a third world of objective knowledge deserves careful scrutiny ...

The U.S. and Canadian health care systems are more similar than is commonly believed. This article debunks some of the powerful myths about these health care systems and opens up the discussion for greater policy learning from both sides of the border. Cross-border comparisons can yield a number of lessons from common policy challenges such as cost control, physician organization and payment, and the organization of health coverage and services for Native Americans and Indigenous Canadians.

This volume brings together a number of original articles by leading Leibniz scholars to address the meaning and significance of Leibniz’s notions of compossibility and possible worlds. In order to avoid the conclusion that everything that exists is necessary, or that all possibles are actual, as Spinoza held, Leibniz argued that not all possible substances are compossible, that is, capable of coexisting. In Leibniz’s view, the compossibility relation divides all possible substances into disjoint sets, each of which constitutes a possible (...) world, or a way that God might have created things. For Leibniz, then, it is the compossibility relation that individuates possible worlds; and possible worlds form the objects of God’s choice, from among which he chooses the best for creation. Thus the notions of compossibility and possible worlds are of major significance for Leibniz’s metaphysics, his theodicy, and, ultimately, for his ethics. Given the fact, however, that none of the approaches to understanding Leibniz’s notions of compossibility and possible words suggested to date have gained universal acceptance, the goal of this book is to gather a body of new papers that explore ways of either refining previous interpretations in light of the objections that have been raised against them, or ways of framing new interpretations that will contribute to a fresh understanding of these key notions in Leibniz’s thought. (shrink)

A major aim of the books in this series is to promote psychology's appreciation of the neglected giants in its history. The chapters document the significance of these early contributions, many of them made more than a century ago. Most of the chapters are revisions of invited addresses delivered at psychological conventions. Several of the authors are students, colleagues, or offspring of their pioneers and all of them are intrigued by the life and work of the psychologists about whom they (...) have written. All of the portraits are informal; on occasion, even humorous. Some are "impersonations"--telling stories in what were or might have been the pioneer's own words. This book provides source materials for teachers of undergraduate courses in psychology--particularly the history of psychology--who want to add a personal view in their lectures and offer interesting readings for their students. Each of the five volumes in this series contains different profiles thereby bringing more than 100 of the pioneers in psychology more vividly to life. (shrink)

End-of-life decision making is fraught with ethical challenges. Withholding or withdrawing life support therapy is widely considered ethical in patients with high treatment burden, poor premorbid status, or significant projected disability even when such treatment is not “futile.” Whether such withdrawal of therapy in the aftermath of attempted suicide is ethical is not well established in the literature. We provide a clinical vignette and propose criteria under which such withdrawal would be ethical. We suggest that it is appropriate to withdraw (...) life support, regardless of the cause of the critical illness or disability, when the following criteria are met: (1) Surrogates request withdrawal of care and the adequacy of surrogates is confirmed, (2) an external reasonability standard is met, (3) passage of time, perhaps 72 hours, to allow certainty regarding the patient's wishes, and (4) psychiatric morbidity should be considered as grounds for withdrawal only in truly treatment-refractory cases. Fundamentally, we believe the question to ask is, “If this were not an attempted suicide, would a request to withdraw care be reasonable?” We believe that under these circumstances, such withdrawal of life support, even in an individual who has attempted suicide, does not constitute physician assistance with suicide and is distinct from physician aid-in-dying in several important respects. (shrink)

End-of-life decision making is fraught with ethical challenges. Withholding or withdrawing life support therapy is widely considered ethical in patients with high treatment burden, poor premorbid status, or significant projected disability even when such treatment is not ?futile.? Whether such withdrawal of therapy in the aftermath of attempted suicide is ethical is not well established in the literature. We provide a clinical vignette and propose criteria under which such withdrawal would be ethical. We suggest that it is appropriate to withdraw (...) life support, regardless of the cause of the critical illness or disability, when the following criteria are met: (1) Surrogates request withdrawal of care and the adequacy of surrogates is confirmed, (2) an external reasonability standard is met, (3) passage of time, perhaps 72 hours, to allow certainty regarding the patient's wishes, and (4) psychiatric morbidity should be considered as grounds for withdrawal only in truly treatment-refractory cases. Fundamentally, we believe the question to ask is, ?If this were not an attempted suicide, would a request to withdraw care be reasonable?? We believe that under these circumstances, such withdrawal of life support, even in an individual who has attempted suicide, does not constitute physician assistance with suicide and is distinct from physician aid-in-dying in several important respects. (shrink)