Using a conviction-based measure, we find that local public corruption exerts a negative effect on the lending activity of US banks. Our baseline estimations show that the difference in public corruption between, for example, Alabama, where corruption is high, and Minnesota, where corruption is low, implies that banks headquartered in the former state grant 0.55% less credit ceteris paribus. Using proxies for relationship lending and monitoring, we also find that these bank characteristics weaken the negative effect of public corruption on (...) lending. These results are robust to tests that address endogeneity, to the use of perception-based measures of corruption, and after controlling for credit demand conditions. In further analysis, we show that these effects are more evident for smaller banks and banks operating in a single state. These findings provide evidence that public corruption could facilitate information asymmetry in the lending market and, thus, could hinder local development by reducing bank credit. (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 (as most of these works have been housed in our most important libraries around the world), 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 (individual or corporate) 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)

Everyone's favorite houseguest who never left, Leon Black (played by award-winning comedian JB Smoove on HBO's Curb Your Enthusiasm) drops his wisdom and good-bad advice for the masses. Learn the secrets Larry David has gleaned from the Falstaff of television."--Amazon.

Growing detrimental effects on the bio-physical environment have been responsible for a large number of small firms to adopt a more strategic stance toward exploiting green-related opportunities. This article aims to shed light on how internal company factors help to formulate a green business strategy among small manufacturing firms, and how this, in turn, influences their competitive advantage and performance. Based on data received from 153 small Cypriot manufacturers, we propose and test a conceptual model anchored on the Resource-based View (...) of the firm. The findings underscore the critical role of both organizational resources and capabilities in pursuing a green business strategy. The adoption of this strategy was more evident in the case of firms operating in more harmful, as opposed to less harmful, industries. The implementation of a green business strategy was found to generate a positional competitive advantage, with this association becoming stronger under conditions of high regulatory intensity, high market dynamism, high public concern, and high competitive intensity. It was also revealed that this competitive advantage is conducive to gaining heightened market and financial performance. Our study makes a fivefold contribution: it injects a theoretical perspective into a relatively atheoretic field, underlines the role of organizational resources/capabilities as drivers of eco-friendly initiatives, highlights the often neglected strategic aspects of small firms’ ecological business activities, stresses the contingent role of external forces in moderating the positive impact of small firm green business strategy on competitive advantage, and focuses on the performance implications of the small firm’s engagement in environmental operations. (shrink)

Greece's agricultural economy has undergone a gradual process of adjustment since World War II. While farm numbers have been reduced and average farm size has increased, the relative size of the farm population is still large by European standards. The slow rate of consolidation and adjustment in the agricultural sector of Greece is influenced by the following three factors: (1) lack of developed markets for long term capital; (2) multiple job holding among Greek farmers; and (3) protective agricultural policies.Greece's accession (...) into the European Economic Community in 1981 has shifted her trade patterns towards her European partners. In terms of agricultural trade, Greece exported considerably more agricultural goods to EEC members in 1987 than was imported from EEC countries. Greece's agricultural trade balance with all nations of the world is roughly one to one, i.e., agricultural imports equal agricultural exports in value. Since entry into the EEC, Greece has improved her degree of competitiveness or self-sufficiency in vegetables, citrus, and wine, but has reduced her self-sufficiency or competitiveness in meat and livestock products.Improved competitiveness of Greece's agricultural sector in the 1990s will require adoption of known production technologies, reduction in government bureaucracy, development of new technologies for improving product quality and minimizing plant diseases, reduction in production and marketing costs, and more effective domestic and export group marketing strategies. (shrink)

Man in Continuation at this Earth of a Nature of Reality throughout the Universe - By Tradition of that Reality from its original Universe of Force is an unchanged, high-quality reprint of the original edition of 1894. Hansebooks is editor of the literature on different topic areas such as research and science, travel and expeditions, cooking and nutrition, medicine, and other genres. As a publisher we focus on the preservation of historical literature. Many works of historical writers and scientists are (...) available today as antiques only. Hansebooks newly publishes these books and contributes to the preservation of literature which has become rare and historical knowledge for the future. (shrink)

The Hungry Soul is a fascinating exploration of the natural and cultural act of eating. Kass brilliantly reveals how the various aspects of this phenomenon, and the customs, rituals, and taboos surrounding it, relate to universal and profound truths about the human animal and its deepest yearnings. "Kass is a distinguished and graceful writer. . . . It is astonishing to discover how different is our world from that of the animals, even in that which most evidently betrays that we (...) too are animals--our need and desire for food."--Roger Scruton, Times Literary Supplement "Yum."--Miss Manners. (shrink)

It’s constitutive of classical theism that there is a necessarily existent personal god who is also the creator of the universe, where the latter claim includes at least the following three theses: (i) God is wholly distinct from the natural world; (ii) God is the originating or sustaining cause of the natural world; and (iii) God created the natural world ex nihilo, i.e., without the use of pre-existing materials. Call this tripartite component of classical theism the classical view of creation. (...) In this paper, I offer a new argument against classical theism. In particular, I argue that creation ex nihilo is prima facie impossible, and that since the doctrine of creation ex nihilo is constitutive of classical theism, classical theism is false. (shrink)

Leonidas Montes presents a new reading of Adam Smith's legacy. The classical influences, the meaning of some key concepts, and what other authors were saying at the time, are fundamental to understand what Smith really said. Starting with the famous Das Adam Smith Problem, Montes investigates the causes and the context of the Problem, and proposes the importance of the moral triad of the supposed impartial spectator, propriety and self-command for understanding Smith's broad concept of sympathy. Smith's virtues are fundamental (...) to his moral thought, and the nature of the meaning of self-command and propriety have important philosophical implications, reflecting the relevance of moral autonomy in Smith's thought. The concluding chapter gives an example of the mistake of simply looking at a problem through the eyes of today. It questions the popular version of Smith as a forerunner or founder of general economic equilibrium theory by investigating the real nature of Smith's Newtonianism. (shrink)

Volume 51, Issue 3, July 2020, Page 278-280.

n recent years, there has been a resurgence of academic interest in Adam Smith. As a consequence, a large number of PhD dissertations on Smith have been written by international scholars - in different languages, and in many diverse disciplines, including economics, women’s studies, philosophy, science studies, political theory and english literature: diversity which has enriched the area of study. In response to this activity, and in order to making these contributions more easily accessible to other Smith scholars, Leonidas Montes (...) and Eric Schliesser have edited this important new book. Of interest to Smith scholars and those interested in the history of economic thought in general, the contributions to this book are self-consciously interdisciplinary and skilfully employ many different methodologies. (shrink)

In this paper we argue that defenders of Frankfurt-style counterexamples to the Principle of Alternative Possibilities do not need to construct a metaphysically possible scenario in which an agent is morally responsible despite lacking the ability to do otherwise. Rather, there is a weaker (but equally legitimate) sense in which Frankfurt-style counterexamples can succeed. All that's needed is the claim that the ability to do otherwise is no part of what grounds moral responsibility, when the agent is indeed morally responsible.

Building on the seminal work of Kit Fine in the 1980s, Leon Horsten here develops a new theory of arbitrary entities. He connects this theory to issues and debates in metaphysics, logic, and contemporary philosophy of mathematics, investigating the relation between specific and arbitrary objects and between specific and arbitrary systems of objects. His book shows how this innovative theory is highly applicable to problems in the philosophy of arithmetic, and explores in particular how arbitrary objects can engage with the (...) nineteenth-century concept of variable mathematical quantities, how they are relevant for debates around mathematical structuralism, and how they can help our understanding of the concept of random variables in statistics. This fully worked through theory will open up new avenues within philosophy of mathematics, bringing in the work of other philosophers such as Saul Kripke, and providing new insights into the development of the foundations of mathematics from the eighteenth century to the present day. (shrink)

This article argues against ontology as an intelligible project for social theory. Ontological questions have proliferated in social thought in the past decades mainly as a way of recasting traditional sociological questions about individuals/society and structure/agency. Far from being an advance in our understanding, however, this form of reasoning has frequently brought confusion. This is demonstrated with detailed reference to a contribution from an ongoing debate, centred on the issue whether social structures are causally efficacious. I argue that the ontological (...) project is mainly fuelled by a misconception of language and that, once this picture is exposed as incoherent, ontology loses its intelligibility. (shrink)

Widely chosen by students of society as an approach under which to labour, emancipatory, liberatory or, otherwise put, critical social thought occupies a position between knowledge and practical action whose coherence is taken for granted on account of the pressing nature of the issues it attempts to deal with. As such it is rarely subjected to scrutiny and the methodological, conceptual and moral challenges it faces are not properly identified. The contribution of this article is to raise these problems into (...) view clearly and unambiguously. This is undertaken via a careful examination of Alice Crary’s recent work, in which she attempts, firstly, to defend a left-Hegelian version of Critical Theory by relating it to the work of Peter Winch and, second, to issue a set of methodologically radical recommendations on employing the sensibility-shaping powers of the literary form. The article aims to deepen our understanding of the fundamental tensions between the Critical Theory and Wittgensteinian traditions, which Crary attempts to bring together and, ultimately, of those crucial features of our moral practices that frustrate the enterprise of critical social thought. (shrink)

This article attempts to evidence the idea that progress in social theory is impeded by central theoretical procedures embodying a host of conceptual mistakes. The article focuses on realist theorizing, examining both early realist work on science and contemporary critical realism, and demonstrates how conceptual procedures employed therein lead to error and confusion. The standard use of these procedures entails, among other things, that social theoretical debates tend to remain irresolvable and that understanding of what it takes to demonstrate a (...) theoretical scheme as superior remains poor. Alternative ways of proceeding are outlined, which lead to defensible social theoretical practice. (shrink)

Dans la présente étude, nous livrons un premier aperçu des quelques monnaies restaurées provenant des fouilles réalisées dans la partie Nord‑Est de la province de Mégalopolis à la frontière avec la Laconie, région qui, dans l’Antiquité, relevait de la Belminatide (partie Nord du territoire de Lacédémone). Il s’agit de monnaies en bronze romaines datées du iie s. au troisième quart du ive s., d’Hadrien à Constant II, et qui sont ici replacées dans le contexte de la région, dont l’activité économique (...) tournée vers la vallée de l’Eurotas s’articulait au réseau de routes antiques et à des installations rurales et industrielles repérées par les fouilles menées dans la région ces trois dernières années. (shrink)

This article scrutinizes some theoretical procedures prevalent in the philosophy of social science. These procedures are exemplified in Elder-Vass’s critical realism, which promises to place the social sciences on a sound ontological footing. The article focuses on the way that Elder-Vass’s general emergentist ontology is constituted and on the methods through which it is applied to society. It is contended that the ontology is not and could not be grounded in science and that its philosophical use distorts what it is (...) applied to. The incoherent methods that social ontological projects constitutionally rely on entail that they cannot ground social scientific explanation. (shrink)

In this article ideas from Kit Fine’s theory of arbitrary objects are applied to questions regarding mathematical structuralism. I discuss how sui generis mathematical structures can be viewed as generic systems of mathematical objects, where mathematical objects are conceived of as arbitrary objects in Fine’s sense.

This book examines the characteristics of monetary institutions and the ways in which a clear understanding of money, and a sense of what we can know about money, can improve our comprehension on monetary policy. It establishes a link between abstract and theoretical aspects of monetary theory and the problems with money and banks we face today.

This article discusses the issue of the conceptual accuracy of descriptions of social life, which, although fundamental for the social sciences, has in fact been neglected. I approach this task via an examination of Paul Roth’s recent work, which recapitulates reflection in analytic philosophy of history and sets out a view of the past as indeterminate until retrospectively constructed in historical narratives. I argue that Roth’s position embraces an overly restricted notion of historical significance and underestimates how anachronistic descriptions vitiate (...) central historiographical tasks. I contend that the importance of conceptually accurate descriptions for history and the social sciences cannot be overstated. (shrink)

La literatura especializada reconoce la influencia de Newton en la obra de Adam Smith. Pero la naturaleza de esta influencia no ha sido tratada con la debida atención. En este ensayo argumentaré que la metodología científica de Newton no necesariamente corresponde a lo que comúnmente llamamos newtonianismo. Después de analizar el enfoque metodológico de Newton, se estudiará cómo Smith entiende el newtonianismo. Adam Smith fue un sofisticado intérprete de Newton, pero el contexto de la Ilustración Escocesa juega un rol fundamental (...) en su comprensión del legado newtoniano. Si en general la tradición francesa interpretó a Newton como un precursor de una metodología axiomático-deductiva, la recepción e interpretación de Newton en Escocia durante el siglo XVIII nos ayuda a comprender la real naturaleza del Newtonianismo de Adam Smith. (shrink)

Propriety and self-command are distinctive and complex Smithian concepts. This essay attempts to shed more light on the meaning and significance of propriety and the virtue of self-command. After a brief introduction on the recent reappraisal of The Theory of Moral Sentiments, a short analysis of Smith’s crucial idea of sympathy follows. Then the relevance of propriety is discussed and some connections between propriety and the virtue of self-command are explored. Finally, the importance of Smith’s self-command is reassessed, paying attention (...) to its origins and philosophical implications. It is noteworthy that, through self-command and propriety, TMS stresses the role of intentions and motivations. By doing so, Adam Smith opens up new threads to rethink personal liberty and its ethical importance for political economy. (shrink)

The article reports the findings of a study conducted among 387 consumers regarding their perceptions of the unethicality of business practices of firms and how these affect their response behavior, in terms of trust, satisfaction, and loyalty. The study confirmed that high levels of perceived corporate unethicality decrease consumer trust. This in turn reduces consumer satisfaction, which ultimately has negative effects on customer loyalty. It was also revealed that, although both consumer gender and urbanity have a moderating effect on the (...) link between perceived unethicality and trust, the age group and level of education of the consumer did not exhibit such an effect. With regard to consumer cultural characteristics, both high uncertainty avoidance and low individualism were found to increase the negative impact of business unethicality on trust, as opposed to power distance and masculinity that did not have any moderating effect on this relationship. Implications for managers are extracted from the study findings, as well as directions for future research. (shrink)

This paper is a presentation and an interpretation of Murray Rothbard’s views on the relation between the fiscal necessities brought by war and interventionism in Money and Banking as read from his book A History of Money and Banking in the United States.

We are walking too quickly down the road to physical and psychological utopia without pausing to assess the potential damage to our humanity from this brave new ...