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  1. Ontology of finance.Gloria Sansò & Barry Smith (eds.) - forthcoming - Rosenberg & Sellier.
    One famous scene in The Wolf of Wall Street (2013) is the dialogue between the young Jordan Belfort (Leonardo DiCaprio) and the expert trader Mark Hanna (Matthew McConaughey). Hanna is complaining that the stock market is unpredictable; it’s “fugazi … it’s fairy dust. It doesn’t exist. It’s never landed. It is not matter. It’s not on the element chart. It’s not real”. But the fact that something is unpredictable and non-physical does not imply that it does not exist. On the (...)
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  2. John Searle’s ontology of money, and its critics.Louis Larue - 2024 - In Joseph Tinguely (ed.), The Palgrave Handbook of Philosophy and Money. Basingstoke: Palgrave-Macmillan.
    John Searle has proposed one of the most influential contemporary accounts of social ontology. According to Searle, institutional facts are created by the collective assignment of a specific kind of function —status-function— to pre-existing objects. Thus, a piece of paper counts as money in a certain context because people collectively recognize it as money, and impose a status upon it, which in turn enables that piece of paper to deliver certain functions (means of payment, etc.). The first part of this (...)
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  3. The Walking Debt – On the Morals of Ownership in Debt and its Alienability.Simon Derpmann - 2023 - Rivista di Estetica 84:41-57.
    The article provides a moral analysis of the commercial trade of financial claims against private debtors. Secondary debt markets process a type of object that differs from regular commodities. The specificity of debt lies in its peculiar relationality that is in tension with its legal constitution as a commercial object, or with its treatment as a mere thing. The constitution of a credit claim presupposes a corresponding financial liability. Thus, debt relations are constituted by polar correlates of deontic modalities. Debt (...)
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  4. Ownership, preferences, and offers.Gloria Sansò - 2023 - Rivista di Estetica 84 (3):58-74.
    The Action Theory of Exchanges is based on three main assumptions: i) an exchange is motivated by people having convergent preferences, ii) people exchange actions, and iii) offers and acceptances are crucial parts of an exchange and they bring about rights and obligations. The main aim of this paper is to discuss three aspects of this theory to better understand its ontological implications and, possibly, improve it. I first examine the expression “transferring the ownership” by showing an ontological issue behind (...)
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  5. Ontology of finance: an introduction.Gloria Sansò & Barry Smith - 2023 - Rivista di Estetica 84 (3):3-6.
    One famous scene in The Wolf of Wall Street (2013) is the dialogue between the young Jordan Belfort (Leonardo DiCaprio) and the expert trader Mark Hanna (Matthew McConaughey). Hanna is complaining that the stock market is unpredictable; it’s “fugazi … it’s fairy dust. It doesn’t exist. It’s never landed. It is not matter. It’s not on the element chart. It’s not real”. But the fact that something is unpredictable and non-physical does not imply that it does not exist. On the (...)
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  6. What is a service?Barry Smith & Peter Koch - 2022 - The Eighth Joint Ontology Workshops (JOWO’22), August 15-19, 2022, Jönköping University, Sweden.
    When governments collect data relating to economic activity they commonly employ a distinction between goods and services. Both goods and services have economic value. Goods (cars, houses, bottles of milk) are, very roughly, independent continuants which can be alienated (sold, gifted, rented, and so forth). Services (hairdressing, gardening, teaching) are, again very roughly, occurrents. They are occurrents which are further often said to be marked by the fact that production and consumption coincide. Social services under both headings typically involve combinations (...)
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  7. Electronic Coins.Craig Warmke - 2022 - Cryptoeconomic Systems 2 (1).
    In the bitcoin whitepaper, Satoshi Nakamoto (2008: 2) defines an electronic coin as a chain of digital signatures. Many have since defined a bitcoin as a chain of digital signatures. This latter definition continues to appear in reports from central banks, advocacy centers, and governments, as well as in academic papers across the disciplines of law, economics, computer science, cryptography, management, and philosophy. Some have even used it to argue that what we now call bitcoin is not the real bitcoin. (...)
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  8. Monads in the Empire of Value.Graham Hubbs - 2021 - Capitalism: A Journal of History and Economic 2 (2):509-526.
    In spite of their materialist aspirations, both classical and neoclassical economic theories rely on non-material notions of value to explain market activity. André Orléan calls this commitment of orthodox economics "the substance hypothesis." In this essay, I show how the substance hypothesis mirrors Gottfried Wilhelm Leibniz's account of monads, which he called the "true atoms of nature." I argue that value is the atom of economic nature in orthodox economic theories. Like monads, it is a fantasy. The atom of economic (...)
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  9. Common Core Conformant Definitions for an Ontology of Commercial Exchange.Eric C. Merrell, Olivier Massin & Barry Smith - 2021 - 2nd International Workshop on Ontology of Social, Legal and Economic Entities (SoLEE).
    In “Toward an Ontology of Commercial Exchange” [11], we proposed human readable definitions for terms that are central to an ontology of commercial exchange. This paper furthers that project in two ways. First, the definitions have been modified to be compatible with the Common Core Ontologies (CCO). CCO is used in a wide variety of domains including the industrial and military domains. Having a commerce ontology compatible with CCO allows data about the exchange of goods relevant to those domains to (...)
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  10. Financial mechanisms of ensuring the development of business under high interest rates.Vitaliy Shapran & Igor Britchenko - 2021 - VUZF REVIEW 2 (6):16 - 24.
    In the given article the problems of choice as for the types and forms of debt and share financing on the developing and “frontier markets” with high interest rates have been considered, the definition of what kind of interest rates can be viewed as high and under which circumstances nominal interest rate and in which ones – the real interest rate is important for business. Also, the classification of debt and sharing financing is given and the comparative analysis of such (...)
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  11. The establishment of the inflation target and the corridor of fluctuations of the target: analysis of world trends and practice in Ukraine.Vitaliy Shapran & Igor Britchenko - 2021 - VUZF REVIEW 3 (6):13-20.
    The article presents an analysis of global trends in setting the inflation target and the acceptable corridor of inflation target fluctuations. Inflation targeting is an important attribute of the monetary regime of inflation targeting, its main quantitative parameter. The tendency of the inflation targeting regime in 70 countries all over the world are considered, of which 41 countries have official recognition by the International Monetary Fund (IMF) regarding the inflation targeting regime. It was found that most countries set the inflation (...)
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  12. What is Bitcoin?Craig Warmke - 2021 - Inquiry: An Interdisciplinary Journal of Philosophy.
    Many want to know what bitcoin is and how it works. But bitcoin is as complex as it is controversial, and relatively few have the technical background to understand it. In this paper, I offer an accessible on-ramp for understanding bitcoin in the form of a model. My model reveals both what bitcoin is and how it works. More specifically, it reveals that bitcoin is a fictional substance in a massively coauthored story on a network that automates and distributes jobs (...)
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  13. Should Bitcoin Be Classified as Money?Asya Passinsky - 2020 - Journal of Social Ontology 6 (2):281-292.
    The advent of virtual currencies such as bitcoin raises a pressing question for lawmakers, regulators, and judges: should bitcoin and other virtual currencies be classified as money or currency for legal and regulatory purposes? I examine two different approaches to answering this question—a descriptive approach and a normative approach. The descriptive approach says that bitcoin and other virtual currencies should be classified as money or currency just in case they really are money or currency, whereas the normative approach says that (...)
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  14. A Core Ontology for Economic Exchanges.Daniele Porello, Giancarlo Guizzardi, Tiago Prince Sales & Glenda C. M. Amaral - 2020 - In Gillian Dobbie, Ulrich Frank, Gerti Kappel, Stephen W. Liddle & Heinrich C. Mayr (eds.), Conceptual Modeling - 39th International Conference, {ER} 2020, Vienna, Austria, November 3-6, 2020, Proceedings. Lecture Notes in Computer Science 12400. pp. 364-374.
    In recent years, there has been an increasing interest in the development of well-founded conceptual models for Service Management, Accounting Information Systems and Financial Reporting. Economic ex- changes are a central notion in these areas and they occupy a prominent position in frameworks such as the Resource-Event Action (REA) ISO Standard, service core ontologies (e.g., UFO-S) as well as financial stan- dards (e.g. OMG’s Financial Industry Business Ontology - FIBO). We present a core ontology for economic exchanges inspired by a (...)
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  15. Money: What It Is and What It Should Be.Joakim Sandberg & Frank Hindriks - 2020 - Journal of Social Ontology 6 (2):237-243.
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  16. Differential Information, Arbitrage, and Subjective Value.Catherine Greene - 2019 - Topoi 1:1-9.
    de Bruin et al. (The Stanford Encyclopedia of Philosophy, Stanford University, Stanford, 2018) write that it is a philosophically interesting question “whether there is such a thing as an 'intrinsic' value of financial assets” noting that the calculation of any intrinsic price will depend, in part, on subjective elements. McCauley suggest that there are at least five different notions of the ‘true value’ of an asset in finance theory, and argues, consistent with de Bruin et al. that in many cases (...)
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  17. Information in Financial Markets.Catherine Greene - 2019 - In Mark Addis, Fernand Gobet & Peter Sozou (eds.), Scientific Discovery in the Social Sciences. Springer Verlag.
    The concept of ‘information’ is central to our understanding of financial markets, both in theory and in practice. Analysing information is not only a critical part of the activities of many financial practitioners, but also plays a central role in the Efficient Market Hypothesis (EMH). The central claim of this paper is that different data can count as information in fi-nancial markets and that particular investors do not consider all of the available data. This suggests that firstly, saying the price (...)
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  18. Collective Risk Social Dilemma: Role of information availability in achieving cooperation against climate change.Medha Kumar & Varun Dutt - 2019 - Journal of Dynamic Decision Making 5 (1):2-2.
    Behaviour change via monetary investments is a way to fighting climate change. Prior research has investigated the role of climate-change investments using a Collective-Risk-Social-Dilemma game, where players have to collectively reach a target by contributing to a climate fund; failing which they lose their investments with a probability. However, little is known on how variability in the availability of information about players’ investments influences investment decisions in CRSD. In an experiment involving CRSD, 480 participants were randomly assigned to different conditions (...)
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  19. Blockchain as a medium for transindividual collective.Juho Rantala - 2019 - Culture, Theory, and Critique 60 (3–4):1–14.
    Today, digitalisation is penetrating every corner of our mundane life, thus affecting our being in manifold ways. In spite of this, digital technologies provide us with paths towards advancing humanity. One way to model the possibilities of the new technologies in a sustainable way is to frame them in light of Gilbert Simondon’s philosophy and especially his understanding of ‘transindividuality’, which is the foundation for a robust, evolving collective. The transindividual relation, mediated by technical objects, is the possibility of a (...)
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  20. Toward an Ontology of Commercial Exchange.Jonathan Vajda, Eric Merrell & Barry Smith - 2019 - In Proceedings of the Joint Ontology Workshops (JOWO), Graz.
    In this paper we propose an Ontology of Commercial Exchange (OCE) based on Basic Formal Ontology. OCE is designed for re-use in the Industrial Ontologies Foundry (IOF) and in other ontologies addressing different aspects of human social behavior involving purchasing, selling, marketing, and so forth. We first evaluate some of the design patterns used in the Financial Industry Business Ontology (FIBO) and Product Types Ontology (PTO). We then propose terms and definitions that we believe will improve the representation of contractual (...)
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  21. Money and mental contents.Sarah Vooys & David G. Dick - 2019 - Synthese 198 (4):3443-3458.
    It can be hard to see where money fits in the world. Money seems both real and imaginary, since it has obvious causal powers, but is also, just as obviously, something humans have just made up. Recent philosophical accounts of money have declared it to be real, but for very different reasons. John Searle and Francesco Guala disagree over whether money is just whatever acts like money, or just whatever people believe to be money. In developing their accounts of institutions (...)
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  22. Collective Choice and Social Welfare: Economics Imperialism in Action and Inaction.Ben Fine - 2018 - Ethics and Social Welfare 12 (4):393-399.
  23. El capital social en situaciones de cambio institucional.María G. Navarro - 2018 - Bajo Palabra. Revista de Filosofía 20:65-84.
    In this article, the hypothesis according to which the institutional change is determined by the mobilization of social capital is exposed. It is analysed what consequences derived from this fact in relation to the processes of deinstitutionalization of the policy. It proposes an interpretation of academically relevant results about the meaning of the term ‘deinstitutionalization’, explains some of the most important antecedents on institutional theory and, fially, proposes some fundamental ideas to advance the philosophical reflction about the so-called new institutionalism.
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  24. Ontological Foundations of Competition.Tiago Prince Sales, Daniele Porello, Nicola Guarino, Giancarlo Guizzardi & John Mylopoulos - 2018 - In Stefano Borgo, Pascal Hitzler & Oliver Kutz (eds.), Formal Ontology in Information Systems: Proceedings of the 10th International Conference (FOIS 2018). Amsterdam: IOS Press. pp. 96-112.
    It is widely recognized that accurately identifying and classifying competitors is a challenge for many companies and entrepreneurs. Nonetheless, it is a paramount activity which provide valuable insights that affect a wide range of strategic decisions. One of the main challenges in competitor identification lies in the complex nature of the competitive relationships that arise in business envi- ronments. These have been extensively investigate over the years, which lead to a plethora of competition theories and frameworks. Still, the concept of (...)
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  25. Legal Institutionalism: Capitalism and the Constitutive Role of Law.Simon Deakin, David Gindis, Geoffrey M. Hodgson, Kainan Huang & Katharina Pistor - 2017 - Journal of Comparative Economics 45 (1):188-20.
    Social scientists have paid insufficient attention to the role of law in constituting the economic institutions of capitalism. Part of this neglect emanates from inadequate conceptions of the nature of law itself. Spontaneous conceptions of law and property rights that downplay the role of the state are criticized here, because they typically assume relatively small numbers of agents and underplay the complexity and uncertainty in developed capitalist systems. In developed capitalist economies, law is sustained through interaction between private agents, courts (...)
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  26. Cigarettes, dollars and bitcoins – an essay on the ontology of money.J. P. Smit, Filip Buekens & Stan Du Plessis - 2016 - Journal of Institutional Economics 12 (2):327 - 347.
    What does being money consist in? We argue that something is money if, and only if, it is typically acquired in order to realise the reduction in transaction costs that accrues in virtue of agents coordinating on acquiring the same thing when deciding what thing to acquire in order to exchange. What kinds of things can be money? We argue against the common view that a variety of things (notes, coins, gold, cigarettes, etc.) can be money. All monetary systems are (...)
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  27. Seeing the Potential of Realism in Economics.Jamie Morgan - 2015 - Philosophy of the Social Sciences 45 (2):176-201.
    In this article, I clarify some of the key concepts and commitments of realist social ontology in economics. To do so, I make use of a recent critique of Lawson’s Reorienting Economics by Mohun and Veneziani. Their article provides a useful foil because responding to their critique allows us to emphasize that realism’s claims are more conditional and less controversial than one might otherwise anticipate. The basic claim is that ontology matters and that explicit recognition and consideration of ontological issues (...)
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  28. The Influence of Decision Frames and Vision Priming on Decision Outcomes in Work Groups: Motivating Stakeholder Considerations.Kevin D. Clark, Narda R. Quigley & Stephen A. Stumpf - 2014 - Journal of Business Ethics 120 (1):27-38.
    Organizational leaders are increasingly emphasizing a stakeholder perspective in order to address concerns about business ethics. This study examined the choices of 94 groups in the context of a business decision-making simulation to determine how specific actions and communications can facilitate the consideration of different stakeholder perspectives. In particular, we examined whether generally framing the business situation as one involving diverse stakeholders versus a primarily profit-driven operation (referred to as framing), and whether specific suggestions that participants consider the concerns of (...)
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  29. Why macroeconomics does not supervene on microeconomics.Brian Epstein - 2014 - Journal of Economic Methodology 21 (1):3-18.
    In recent years, the project of providing microeconomic foundations for macroeconomics has taken on new urgency. Some philosophers and economists have challenged the project, both for the way economists actually approach microfoundations and for more general anti-reductionist reasons. Reductionists and anti-reductionists alike, however, have taken it to be trivial that the macroeconomic facts are exhaustively determined by microeconomic ones. In this paper, I challenge this supposed triviality. I argue that macroeconomic properties do not even globally supervene on microeconomic ones. This (...)
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  30. Collective intentionality in economics: making Searle's theory of institutional facts relevant for game theory.Cyril Hédoin - 2013 - Erasmus Journal for Philosophy and Economics 6 (1):1.
    Economic theories of team reasoning build on the assumption that agents can sometimes behave according to beliefs or preferences attributed to a group or a team. In this paper, I propose a different framework to introduce collective intentionality into game theory. I build on John Searle’s account, which makes collective intentionality constitutive of institutional facts. I show that as soon as one accepts that institutions are required to solve indetermination problems in a game, it is necessary to assume a form (...)
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  31. What is money? An alternative to Searle's institutional facts.J. P. Smit, Filip Buekens & Stan du Plessis - 2011 - Economics and Philosophy 27 (1):1-22.
    In The Construction of Social Reality, John Searle develops a theory of institutional facts and objects, of which money, borders and property are presented as prime examples. These objects are the result of us collectively intending certain natural objects to have a certain status, i.e. to ‘count as’ being certain social objects. This view renders such objects irreducible to natural objects. In this paper we propose a radically different approach that is more compatible with standard economic theory. We claim that (...)
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  32. Searle and Menger on money.Emma Tieffenbach - 2010 - Philosophy of the Social Sciences 40 (2):191-212.
    In Searle’s social ontology, collective intentionality is an essential component of all institutional facts. This is because the latter involve the assignment of functions, namely "status functions," on entities whose physical features do not guarantee their performance, therefore requiring our acceptance that it be performed. One counter-example to that claim can be found in Carl Menger’s individualistic account of the money system. Menger’s commitment to the self-interest assumption, however, prevents him from accounting for the deontic dimensions of institutional facts.
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  33. The issue of design in managerial decision making.Marcus Selart & Erkki Patokorpi - 2009 - Problems and Perspectives in Management 7 (4):92-99.
    It is argued that the design of decisions is a process that in many ways is shaped by social factors such as identities, values, and influences. To be able to understand how these factors impact organizational decisions, the focus must be set on the management level. It is the management that shoulders the chief responsibility for designing collective actions, such as decisions. Our propositions indicate that the following measures must be taken in order to improve the quality of organizational decisions: (...)
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  34. The Mystery of Capital and the Construction of Social Reality.Barry Smith, David M. Mark & Isaac Ehrlich (eds.) - 2008 - Open Court.
    John Searle’s The Construction of Social Reality and Hernando de Soto’s The Mystery of Capital shifted the focus of current thought on capital and economic development to the cultural and conceptual ideas that underpin market economies and that are taken for granted in developed nations. This collection of essays assembles 21 philosophers, economists, and political scientists to help readers understand these exciting new theories.
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  35. Real Estate: Foundations of the Ontology of Property.Barry Smith & Leo Zaibert - 2003 - In Heiner Stuckenschmidt, Erik Stubjkaer & Christoph Schlieder (eds.), The Ontology and Modelling of Real Estate Transactions. Ashgate. pp. 51-67.
    Suppose you own a garden-variety object such as a hat or a shirt. Your property right then follows the ageold saw according to which possession is nine-tenths of the law. That is, your possession of a shirt constitutes a strong presumption in favor of your ownership of the shirt. In the case of land, however, this is not the case. Here possession is not only not a strong presumption in favor of ownership; it is not even clear what possession is. (...)
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  36. Social Capital, Collective Intelligence and Expansive Learning: Thinking through the Connections. Education and the Economy.James Avis - 2002 - British Journal of Educational Studies 50 (3):308 - 326.
    The paper seeks to draw out the connections between social capital, collective intelligence and expansive learning, interrogating the terms for their progressive potential. It sets these concepts within their socio-economic context, one which asserts that the development of social capital will be a vehicle for economic regeneration and competitiveness as well as a mechanism for the generation of social inclusion and cohesion. It concludes by arguing that the debate is set within a context that accepts capitalist relations and that this (...)
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  37. The Continuing Quest for Accountable, Ethical, and Humane Corporate Capitalism: An Enduring Challenge for Social Issues in Management in the New Millennium.Edwin M. Epstein - 2000 - Business Ethics Quarterly 10 (1):145-157.
    Abstract:From their inception, the Social Issues in Management (SIM) field and the SIM Division within the Academy of Management have provided the essential venues to examine the complex, dynamic, two-way relationship between economic institutions of our society and the social systems in which they operate. They have blended the normative with the scientific, the speculative with the empirical, and the philosophical with the pragmatic. The field and the Division have served, perhaps most importantly, as the conscience of management education and (...)
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  38. The Reality of Brands: Towards an Ontology of Marketing.Wolfgang Grassl - 1999 - American Journal of Economics and Sociology 58:313-360.
    The ontology of marketing, particularly the question of what products and brands are, is still largely unexplored. The ontological status of brands hinges on their relationship with products. Idealists about brands see perceptual or cognitive acts of consumers grouped under the heading ‘brand awareness’ or ‘brand image’ as constitutive for the existence of brands so that, in their view, tools of the marketing mix can influence relevant mental dispositions and attitudes. Brand realists, on the other hand, reject the view of (...)
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  39. Business Ethics and Corporate Social Policy Reflections on an Intellectual Journey, 1964-1996, and Beyond.Edwin M. Epstein - 1998 - Business and Society 37 (1):7-39.
  40. Welfare in America: How Social Science Fails the Poor.William M. Epstein - 1997
    William M. Epstein charges that most current social welfare programs are not held to credible standards in their design or their results. Rather than spending less on such research and programs, however, Epstein suggests we should spend much more, and do the job right. The American public and policymakers need to rely on social science research for objective, credible information when trying to solve problems of employment, affordable housing, effective health care, and family integrity. But, Epstein contends, politicians treat welfare (...)
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  41. Commonsense aspects of buying and selling.Varol Akman & Murat Ersan - 1996 - Cybernetics and Systems: An International Journal 27 (4):327-352.
    We describe an experimental approach toward implementing a commonsense "microtheory" for buying and selling. Our prototype system characterizes how intelligent agents hold items and money, how they buy and sell items, and the way money and items are transferred. The ontology of the system includes money (cash, check, credit card), agents (people, organizations), items (movable, real estate, service), barter, and the notions of transfer, loan, buying by installments, profit, and loss.
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  42. Prolegomena to a Metaphysics of Real Estate.Barry Smith & Leo Zaibert - 1996 - In Roberto Casati (ed.), Shadows and Socio-Economic Units. Foundations of Formal Geography. Technical University of Vienna. pp. 151--155.
    As an object in which property rights can be invested, land is a peculiar hybrid structure that comprehends both spatial and non-spatial aspects. Even in its purely spatial aspect land is treated differently from culture to culture, thus for example in the degree to which property rights in land are held to relate to vague or precisely delineated parcels and to portions of space above and below the surface of the earth. When we examine the non-spatial aspects of landed property, (...)
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  43. Business ethics, corporate good citizenship and the corporate social policy process: A view from the united states. [REVIEW]Edwin M. Epstein - 1989 - Journal of Business Ethics 8 (8):583 - 595.
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  44. Edwin M. Epstein.Spring Epstein - 1987 - The Corporate Social Policy Process: Beyond Business Ethics, Corporate Social Responsibility, and Corporate Social Responsiveness, California Management Review 29:99-114.
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  45. Adam Smith e il concetto di ricchezza.Sergio Volodia Marcello Cremaschi - 1986 - In Francesco Fagiani & Gabriella Valera (eds.), Categorie del reale e storiografia. Milano, Italy: Franco Angeli. pp. 289-299.
    The novelty in Smith’s way of looking at the economy is the discovery of a social character of wealth, something new in comparison with its definition in physical terms by the Physiocrats. The possibility of carrying out such an idealization was a result of the adoption of a Newtonian, as opposed to a Cartesian, epistemology, where an intermediate and provisional character of theoretical entities is explicitly accepted, dropping Cartesian strong epistemological realism.
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  46. Taxation in a Lockean World*: RICHARD A. EPSTEIN.Richard A. Epstein - 1986 - Social Philosophy and Policy 4 (1):49-74.
    'Tis true governments cannot be supported without great charge, and it is fit everyone who enjoys a share of the protection should pay out of his estate his proportion for the maintenance of it. But still it must be with his own consent, i.e., the consent of the majority giving it either by themselves or their representatives chosen by them. For if any one shall claim a power to lay and levy taxes on the people, by his own authority, and (...)
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  47. Book Review: Marx's Social OntologyMarx's Social Ontology. By GouldCarol. Cambridge: The MIT Press, 1978. Pp. xxvi + 208. $18.00 Can. [REVIEW]Walter L. Adamson - 1981 - Philosophy of the Social Sciences 11 (1):108-113.
  48. Marx’s Social Ontology. [REVIEW]W. S. A. - 1979 - Review of Metaphysics 32 (4):755-756.
    Marx is generally taken to be important in the history of thought as a social philosopher, that is, a philosopher whose main categories are human individuals, their interactions, and the development and modification of institutions, values, and the like. Not so, according to Carol C. Gould, who contends, rather, that Marx is important in the history of thought as a metaphysician, that is, a philosopher whose main categories are particulars, classes, the relation of individuals to class concepts, change, causation, and (...)
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