This article explores the financialisation of the world’s most important commodity, oil. It argues that much of the literature on the financialisation of commodities tends to adopt a dualistic approach to financial markets and physical producers, where financial and non-financial activities are assumed to be externally-related and counterposed to one another. The article locates the roots of this analytical separation in a mistaken acceptance of the fetish character of interest-bearing capital – a view that the exchange of loanable sums of (...) capital represents a relationship between money-capitalists rather than a relationship to the moment of production. Against such dichotomous readings, the article argues that the financialisation of oil needs to be understood as part of the reworking of ownership and control across the oil commodity circuit, expressed through the combined centralisation and concentration of capital over the money, productive and commercial moments. This argument is demonstrated through an original empirical investigation of the US oil industry, including 20 years of weekly trading data on the New York Mercantile Exchange and a detailed study of more than 160 oil and energy-related firms in the US. By mapping the structural weight and connections between different capitalist actors involved in accumulation across the oil sector, we gain a better understanding of the ultimate dynamics of the carbon economy. (shrink)
The countries of the Gulf Cooperation Council are most typically understood from the perspective of their position as the world’s key oil- and gas-producing states. This essay explores the largely-overlooked processes of class-formation in the GCC, and argues that very profound tendencies of capital-internationalisation are occurring alongside Gulf regional integration. The circuits of capital are increasingly cast at the pan-Gulf scale, and a capitalist class – described as khaleeji-capital – is emerging around the accumulation-opportunities presented within the new regional space. (...) The formation of khaleeji-capital represents the development of a class increasingly aligned with the interests of imperialism and has important ramifications for understanding the region’s political economy. (shrink)
Adam Świeżyński | : The experience of loneliness is usually seen as a negative aspect of human existence and something to overcome. However, it is worth trying to break free, if only on a trial basis, from the established traditional perception of loneliness, and strive to reduce it immediately from being one of the main sources of human affliction and to rethink its importance in human life. In order to do this, we must first consider the question of the (...) essence of loneliness, and then examine the question of its axiological status, i.e. its value. The ontological dimension and the axiological dimension of the issue should include the opportunity to construct the concept of human loneliness, by taking into account its internal and external aspect. The purpose of this paper is to propose an outline concept of loneliness, which, on the basis of findings on its essence, seeks to determine its axiological nature. The designated point of departure is the biblical image of human loneliness presented in Genesis. | : L’expérience de la solitude est souvent perçue comme un aspect négatif de l’existence humaine, nécessitant d’être surmonté. Il convient cependant d’essayer de se libérer de cette perception figée de la solitude, selon laquelle celle-ci est réduite immédiatement à l’une des sources fondamentales du malheur humain, et d’essayer de revisiter le sens qu’elle a l’égard de la vie humaine. Pour ceci, il est nécessaire dans un premier lieu de considérer l’être de la solitude pour ensuite analyser son statut axiologique. La dimension axiologique et ontologique de la question évoquée devraient ensemble permettre de construire une conception de la solitude considérant sont aspect extérieur et intérieur. L’objet de cet écrit est de proposer une esquisse de la conception de la solitude qui en partant des précisions sur son être a pour objectif de définir son caractère axiologique. L’image de la solitude humaine telle que présentée dans la Genèse sera prise comme point de départ. (shrink)
It is a pleasure to be able to pay tribute to Adam Potkay’s interesting and impressive book on two of the most important figures in the eighteenth century. It brings together the philosophical and the literary, the “anatomist” and the “painter” of the passions and the moral life, integrating worlds that, however isolated they may have become in the twentieth century, were not seen as all that distinct in the eighteenth. Having said this, the most remarkable feature of Potkay’s (...) book is that it unites two figures usually thought to be opposed—the irascible, domineering, and deeply Christian Johnson and the dispassionate, moderate, and pagan Hume. (shrink)
This edition of John M. Lothian’s transcription of an almost complete set of a student’s notes on Smith’s lectures given at the University of Glasgow in 1762–63 brings back into print not only an important discovery but a valuable contribution to eighteenth-century rhetorical theory.
This is a reply to de Sousa's 'Emotional Truth', in which he argues that emotions can be objective, as propositional truths are. I say that it is better to distinguish between truth and accuracy, and agree with de Sousa to the extent of arguing that emotions can be more or less accurate, that is, based on the facts as they are.
‘The Principles of the Pure Type Theory’ is a translation of Leon Chwistek's 1922 paper ‘Zasady czystej teorii typów’. It summarizes Chwistek's results from a series of studies of the logic of Whitehead and Russell's Principia Mathematica which were published between 1912 and 1924. Chwistek's main argument involves a criticism of the axiom of reducibility. Moreover, ‘The Principles of the Pure Type Theory’ is a source for Chwistek's views on an issue in Whitehead and Russell's ‘no-class theory of classes’ involving (...) the notion of ‘scope’. (shrink)
[Marilyn McCord Adams] In this paper I begin with Aristotle's Categories and with his apparent forwarding of primary substances as metaphysically special because somehow fundamental. I then consider how medieval reflection on Aristotelian change led medieval Aristotelians to analyses of primary substances that called into question how and whether they are metaphysically special. Next, I turn to a parallel issue about supposits, which Boethius seems in effect to identify with primary substances, and how theological cases-the doctrines of the Trinity, the (...) Incarnation, and of the human soul's separate survival between death and resurrection-call into question how and to what extent supposits are metaphysically special. I conclude with some reflections on various senses of being metaphysically special and how they pertain to primary substances and supposits. /// [ Richard Cross] Scotus's belief that any created substance can depend on the divine essence and/or divine persons as a subject requires him to abandon the plausible Aristotelian principle that there is no merely relational change. I argue that Scotus's various counterexamples to the principle can be rebutted. For reasons related to those that arise in Scotus's failed attempt to refute the principle, the principle also entails that properties cannot be universals. (shrink)
Few books have so firmly established their place in American literature as The Education of Henry Adams. When it was first published in 1918, it became an instant bestseller and went on to win the Pulitzer Prize. More than eighty years later, in an age of self-reflection and exhaustive memoirs, The Education still stands as perhaps the greatest American autobiography. The son of a diplomat, the grandson and great-grandson of two American presidents, a man of extraordinary gifts and learning in (...) his own right, Henry Adams recounts his life from his birth in 1838 and upbringing as a Boston Brahmin, through the Civil War, the nation's industrial expansion, and its emergence as a world power. In the process, he gives us a brilliant history of a changing country as well as a thoughtful, humane, often tender exploration of himself. From the original publisher, this edition of The Education of Henry Adams, newly introduced by Donald Hall, celebrates and honors this classic work on what it means to be an American. (shrink)
Alston's perceptual account of mystical experience fails to show how it is that the sort of predicates that are used to describe God in these experiences could be derived from perception, even though the ascription of matched predicates in the natural order are not derived in the manner Alston has in mind. In contrast, if one looks to research on shared attention between individuals as mediated by mirror neurons, then one can give a perceptual account of mystical experience which draws (...) a tighter connection between what is reported in mystical reports and the most similar reports in the natural order. (shrink)
"Adam Smith is widely regarded as the founder of political economy and one of the great thinkers of the Enlightenment period. Best-known for his founding work of economics, The Wealth of Nations, Smith's thought engaged equally with the nature of morality, above all in his Theory of Moral Sentiments. Smith's brilliance leaves us with an important question, however: Was he first and foremost a moral philosopher, who happened to turn to economics for part of his career? In this outstanding (...) philosophical introduction Samuel Fleischacker argues that Smith is a superb example of the broadly curious thinkers who flourished in the Enlightenment; one for whom morality, politics and economics were just a few of the many fascinating subjects that could be illuminated by naturalistic modes of investigation. After a helpful overview of his life and work, Fleischacker examines the full range of Smith's thought, including: epistemology, philosophy of science and aesthetics, moral sentimentalism, moral approval, sympathy, and judgement, the character of virtue advantages and disadvantages of Smith's moral philosophy, Smith's views on religion, justice and jurisprudence, governmental policy, economic principles, Smith's philosophical legacy and his place in the history of liberalism. Including chapter summaries, suggestions for further reading and a glossary, Adam Smith is essential reading for those studying ethics, political philosophy, the history of philosophy, and the Enlightenment, as well as those reading Smith in related disciplines such as economics, law and religion"--. (shrink)
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps, and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may (...) freely copy and distribute this work, as no entity has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant. (shrink)
_ Source: _Volume 38, Issue 1, pp 211 - 228 In this Reply, I argue that _pace_ Knud Haakonssen it is dubious that Adam Smith managed to ‘blow up’ Hugo Grotius’s universalist system of natural jurisprudence. Rather, Smith emerges as a closet rationalist who put forward crypto-normative universalist claims himself and found that he could not in the end improve upon Grotius’s system. Grotius was not seen by Smith as a ‘casuist’ _tout court_. I try to give an explanation (...) for the tensions introduced into Smith’s work by his incorporation of key aspects of Grotius’s theory of justice. Furthermore, I try to clarify in what regard Grotius should be seen as a novel and original thinker. Lastly, I argue in favor of according ideas and arguments their own weight, against a facile contextualism that is always in danger of falling prey to the genealogical fallacy. (shrink)