I argue that Aristotle's approach to the proper type of acquisition, use-value, want, and accumulation/storage of wealth is oriented less to excluding commercial activity, such as that of Aristotle's Athens, than to forestalling misordered concupiscence – the taking of an inherendy limited good for the unlimited, or highest, good. That is, his moral aversion to taking a means for an end lies behind his rendering of the sort of wealth that is natural. By stressing the limited nature (...) of natural wealth, Aristode distinguishes such wealth qua limited from an artificial unlimited desire for profit in order to drive home his point that wealth ought not be taken as an objective good. (shrink)

I argue that Aristotle's approach to the proper type of acquisition, use-value, want, and accumulation/storage of wealth is oriented less to excluding commercial activity, such as that of Aristotle's Athens, than to forestalling misordered concupiscence – the taking of an inherendy limited good for the unlimited, or highest, good. That is, his moral aversion to taking a means for an end lies behind his rendering of the sort of wealth that is natural. By stressing the limited nature (...) of natural wealth, Aristode distinguishes such wealth qua limited from an artificial unlimited desire for profit in order to drive home his point that wealth ought not be taken as an objective good (i. e., good in itself). (shrink)

D. D. Raphael and A. L. Macfie (1976) II An Inquiry into the Nature and Causes of the Wealth of Nations, ed. R. H. Campbell and A. S. Skinner; textual editor W. B. Todd, 2 vols. (1976) III Essays on Philosophical Subjects, ed. W. P. D. Wightman  ...

ABSTRACT It has long been recognised that Adam Smith’s Wealth of Nations (1776) advances a ‘system of natural liberty’ in seeking to account for the ‘nature and causes of the wealth of nations.’ This is not however a theme that is explored or explained in the early sections of the book; in fact, not until Book IV, Ch. ix does Smith give his most expansive account of what he might mean by this term. This paper examines this (...) chapter in detail to determine the limits of his critique in that chapter of the ‘agricultural system’ (of Physiocracy), and why it might be that Smith is so parsimonious in offering a clear account of his central idea. (shrink)

Current economic ontology development has failed to confront two important errors associated with historicism. Embracing the linearity of economic value being directly attributed to the labor applied to natural resources taken together with efficiency arguments used to justify monetary policy on both the microlevel (transaction) and macrolevel (global trade), we know these legacies of the scientific method applied to economic systems have left the G-20 paralyzed to deal with structural failings evidenced from banking to business to economic policy. An (...) exploration of the structural modalities that impair our current capacity for adaptation and alternative methods for accounting for value is the basis for this inquiry. Integral accounting is proposed as a more suitable method to transition from scarcity-based market models to abundance-based modes of sustainable engagement. (shrink)

This theoretical paper is offered in the spirit of advancing the debate on the socioemotional wealth construct and its impact on how family firms conceptualize and practise corporate social responsibility. The study builds on Kellermanns et al.’s :1175–1182, 2012) claim that the SEW dimensions can be positively and negatively valenced as well as makes a distinction between the selective and instrumental approach to CSR and the holistic and normative one. Drawing on these considerations, it provides a theoretical underpinning in (...) favour of the view that SEW has ambivalent nature and therefore can produce detrimental outcomes for stakeholders of family companies. In this way, the study challenges the implicit assumption prevalent in the literature that SEW is “a prosocial and positive stimulus”. Crucially, it expands on the SEW construct by arguing that, given its ambivalent nature, SEW, as such, is at odds with the “strategic, whole-business view of responsibility”. Consequently, it posits that family firms—because of their concern with SEW—may be more likely to adopt the instrumental and selective rather than strategic and normative approach. Hence, it also makes the case for regarding the latter as a reference point to investigate the family company’s attitude towards social responsibility. It concludes by summarising the argument and offering future research avenues. (shrink)

I perform an economic and ethical analysis on wealth and income inequality. Economists have performed many statistical studies that reveal a number of, often contradictory, findings in connection with the distribution of wealth and income. Hence, the statistical findings leave us with no better knowledge of the effects that inequality has on economic progress. At the same time, the existing theoretical results have not provided us with a definitive answer concerning the effects of inequality on progress. By gaining (...) knowledge of the nature of inequality, and bringing basic economic principles to bear on the subject, we can come to an understanding of what the causal relationship is between inequality and economic progress. Furthermore, I apply a new theory of ethics – rational egoism – to assess economic inequality. I show that, in the right context, economic inequality is both economically and morally desirable. (shrink)

The main aim of the present study is to identify which mental footnotes (related to Adam Smith’s Capitalism) have more weight in the current cognitive processing of participants. We used the “Wealth of Nations” as the main source of the concepts from this author. An experimental design (based on a previous qualitative research) was carried out to test the influence of mental footnotes on the citizens’ decision on the validity of the concepts. The findings point out that there are (...) strong, current, mental footnotes related to the Adam Smith’s concept of price. People mostly understand that, for every product, the entrepreneur has to recover their initial investment and to gain a profit. On the other hand, the fact that entrepreneurs have to pay some expenditures and they need to have profits determines the price of products. (shrink)

Responsible investment is increasingly prevalent, and both financial and moral concerns can drive such investment. In this article, we investigate how responsible investors of different wealth weigh financial and moral arguments. Prior research on different factors that may codetermine responsible investment behavior yield competing predictions about the influence of personal wealth on investment. We conduct a large-scale natural field experiment on responsible investment, wherein we treat investors with financial, moral, and no arguments. We find that there is (...) a statistically and economically significant difference in responsiveness to financial and moral arguments between investors of different wealth. Specifically, financial arguments are more effective than are moral arguments for high wealth investors but not for low wealth investors, and the effect is particularly high for the wealthiest investors. The findings hold for several different measures of wealth. Our findings contribute to the understanding of the moderating effect of wealth on responsible investment choice. Furthermore, these insights may enable more fine-tuned strategies to stimulate responsible investment among different individual investor segments. (shrink)

"More than any thing else technology creates our world. It creates our wealth, our economy, our very way of being," says W. Brian Arthur. Yet, until now the major questions of technology have gone unanswered. Where do new technologies come from -- how exactly does invention work? What constitutes innovation, and how is it achieved? Why are certain regions -- Cambridge, England, in the 1920s and Silicon Valley today -- hotbeds of innovation, while others languish? Does technology, like biological (...) life, evolve? How do new industries, and the economy itself, emerge from technologies? In this groundbreaking work, pioneering technology thinker and economist W. Brian Arthur sets forth a boldly original way of thinking about technology that gives answers to these questions. The Nature of Technology is an elegant and powerful theory of technology's origins and evolution. It achieves for the progress of technology what Thomas Kuhn's The Structure of Scientific Revolutions did for scientific progress. Arthur explains how transformative new technologies arise and how innovation really works. Conventional thinking ascribes the invention of technologies to "thinking outside the box," or vaguely to genius or creativity, but Arthur shows that such explanations are inadequate. Rather, technologies are put together from pieces -- themselves technologies -- that already exist. Technologies therefore share common ancestries and combine, morph, and combine again to create further technologies. Technology evolves much as a coral reef builds itself from activities of small organisms -- it creates itself from itself; all technologies are descended from earlier technologies. Drawing on a wealth of examples, from historical inventions to the high-tech wonders of today, and writing in wonder fully engaging and clear prose, Arthur takes us on a mind-opening journey that will change the way we think about technology and how it structures our lives. (shrink)

Care is at the heart of the Maori values system, which calls for humans to be kaitiaki, caretakers of the maun y the life-force, in each other and in nature. The relational Five Well-beings approach, based on four case studies of Maori businesses, demonstrates how business can create spiritual, cultural, social, environmental and economic well-being. A Well-beings approach entails praxis, which brings values and practice together with the purpose of consciously creating well-being and, in so doing, creates multi-dimensional wealth. (...) Underlying the Well-beings approach is an ethic of care and an intrinsic stakeholder view of business. (shrink)

Annotation A scholarly edition of a work by Adam Smith. The edition presents an authoritative text, together with an introduction, commentary notes, and scholarly apparatus.

A scholarly edition of a work by Adam Smith. The edition presents an authoritative text, together with an introduction, commentary notes, and scholarly apparatus.

Appeals to nature are ubiquitous in Epicurean ethics and politics. The foundation of Epicurean ethics is its claim that pleasure is the sole intrinsic good and pain the sole intrinsic evil, and this is supposedly shown by the behavior of infants who have not yet been corrupted, "when nature's judgement is pure and whole." Central to their recommendations about how to attain pleasure is their division between types of desires: the natural and necessary ones, the natural but non-necessary (...) ones, and the vain and empty ones. Elsewhere, the Epicureans talk about the "natural goods" of political power and fame, and they contrast "natural wealth" with wealth as "defined by empty opinion." Finally, in their politics, Epicurus claims that the "the justice of nature is a pledge of reciprocal usefulness, [i.e.,] neither to harm one another nor to be harmed." This paper explores two questions regarding these various appeals to nature. The first is: what is it for these things to be natural, i.e., what notion of "natural" or "nature" is at play here? (Furthermore, is there a single notion being used across these appeals, and if not, how are they related?) The second is: what normative work does a thing's being natural do? That is, what reason, if any, does a desire's being natural give me for pursuing the object of that desire and trying to fulfill that desire, as opposed to not doing so and trying to eliminate it, and similarly for the other appeals to nature? (shrink)

Ancient Greek philosophers generally accept the claim that εὐδαιμονία is within our power to achieve, regardless of circumstance. Conversely, external goods - physical health, education, social standing - are frequently present or absent due to circumstances beyond our control. Can eudaimonism explain how more than a privileged elite can attain εὐδαιμονία when so few enjoy the requisite external goods? <BR> A satisfactory account of the relation between external goods and well-being must accommodate both the insight that there is an essential (...) connection between prosperity and the flourishing life and that there is a real sense in which εὐδαιμονία is a self-sufficient concept. The -applied intellectualist- interpretation of eudaimonism defended here accommodates important insights of several ancient Greek traditions: Aristotle's account of human nature, specifically the role of external goods as necessary preconditions for leading a human life; Socratic and Stoic analysis that external goods are necessary constituents of moral action; and Plato's commitment to a criterion for judging the compatibility of external prosperity with a life of εὐδαιμονία. <BR> This text provides a comprehensive linguistic and ethical analysis of key terms and arguments across several centuries of ancient Greek ethical thought on this fascinating topic, making it an excellent foundation for an upper-division undergraduate seminar in ancient Greek ethics, virtue ethics, or applied ethics.". (shrink)

Is it possible to avoid “the agrarian myth” while recognizing the genuine value—which is not necessarily the economic or monetary value—of agrarian pursuits? My answer is that such a recognition of genuine agrarian values is possible, but only if we recapture a lost sense of the value of productive activities generally.An impediment to this recognition, I maintain, is modern economics—both socialist and free market; one important means to it, the natural law philosophy of the eighteenth century French Physiocrats.

We examine the unique nature of agency problems within publicly traded family firms by investigating the earnings management decision of dominant family owners relative to non-family. To do so, we draw upon literature demonstrating that family owners are loss averse with respect to the family’s socioemotional wealth, or the affective endowment derived from firm ownership and control. Our theory and findings suggest that potential reputational consequences of earnings management lead family principals to engage in less of this practice relative (...) to non-family firms, and that founder family firms are less likely than non-founder family firms to use earnings management. Moreover, the family-firm effect varies with the firm size, the degree of CEO entrenchment, and the firm’s stock structure. We provide important insights regarding differences between family and non-family principals in the use of unethical accounting practices, thereby extending agency theory and advancing an underdeveloped research area. (shrink)

Aristotle argued that you need some wealth to live well. The Stoics argued that you could live well with or without wealth. But the Cynics argued that wealth is a hinderance. For the Cynics, a good life consists in self-sufficiency, or being able to rule and help yourself. You accomplish this by living simply and naturally, and by subjecting yourself to rigorous philosophical exercises. Cynics confronted people to get them to abandon extraneous possessions and positions of power (...) to live better. And while the Cynics were experts in living in this way, their ascetic lifestyles made their message curious to some audiences. This paper reflects on Cynic ascetic practices and the ways others perceived them. (shrink)

The purpose of this article was to compare Jerome’s and Augustine’s sermons on the fifth book of the Psalms with regard to their views on the rich and the poor. After a brief consideration of the different audiences of Jerome and Augustine, we focused on their attitudes to wealth and poverty, and almsgiving and its relationship to eschatology. In both Jerome’s and Augustine’s commentaries we were confronted with problems regarding the nature of the collections, the composition of the audiences, (...) and a lack of overlap between the two works, but it was possible to discern congruences and differences in their exegesis. In their preaching on poverty and riches, both homilists associated Judas with the devil and wealth. With regard to the identification of Christ and the poor, Jerome offers a somewhat uneasy exegesis in explaining that Christ stands at the right hand of the pauper, although the Lord himself is rich. Augustine mentioned the identification of Christ and the poor a few times in Enarrationes in Psalmos and framed the poverty of Christ within the body of the church, emphasising the common humanity of his congregation. In his sermons, mainly delivered to monks, Jerome advocated total renunciation. Augustine made more allowances for human frailty, advocating partial and gradual dispossession. The Songs of Ascent provided both our authors with the opportunity to consider the place of almsgiving in an eschatological context. Contribution: We investigate the views of two prominent Latin fathers on wealth and poverty in their sermons on Psalms 109–150. The focus on wealth and poverty is evident. Judas is identified with the rich and Christ with the poor, placing Christ and riches against each other in an either/or position. (shrink)

In this paper I give some reasons why ‘saving for future generations’ is not as straightforward as it sounds and when we might be skeptical of the permissibility of states saving for future citizens, even though such savings are often seen to be morally praiseworthy. I emerge with an account of when state savings for future citizens through sovereign wealth funds may be morally permissible. I argue that we ought to follow a modified version of Armstrong’s criteria for the (...) moral permissibility of sovereign wealth fund savings. That is, states are entitled to the full proceeds from the sale of a natural resource until their citizens’ basic rights are secured. Once they are, states are entitled only to the improved value of the resource, so long as they have not excluded others from the opportunity also to improve the resource. States may create sovereign wealth funds based on this improved value and, due to justified compatriot partiality, may choose to distribute those funds to current or future members of the state, even if non-citizens may be worse off and/or in greater need. Any residual value of the resource extraction must be redistributed globally. (shrink)

The Epicureans advocate a moderately ascetic lifestyle on instrumental grounds, as the most effective means to securing tranquility. The virtuous person will reduce his desires to what is natural and necessary in order to avoid the trouble and anxiety caused by excessive desire. So much is clear from Epicurus' general ethics. But the later Epicurean Philodemus fills in far more detail about the attitude a wise Epicurean will take toward wealth in his treatise On Property Management. This paper (...) explores some of Philodemus' distinctive doctrines and argues that Philodemus' position on crafts is an improvement on the Socratic and Aristotelian positions that he is reacting against. Philodemus rejects both constraints on what counts as a genuine craft proposed by Socrates in the Gorgias: that a craft aims at a genuine good, and that it is based on a grasp of the nature of its subject. Philodemus also rejects the attempts of Xenophon and Theophrastus to preserve an important place for the craft of property management, conceived of as aiming at maximizing your wealth, within the Socratic and Aristotelian ethical tradition that puts virtue and virtuous activity at the center of the happy life. According to Philodemus, cultivating and exercising the traditional technê of property management is actually incompatible with being a virtuous person and obtaining happiness. (shrink)

There is a question over whether or not Adam Smith, in The Wealth of Nations (1776), contended that the rich devise structures of authority (especially civil government) to protect their wealth. At issue is whether significant, private wealth can exist prior to forms of authority. Smith seems to me not to have thought so. It is true that he asserts that, "antecedent to any civil institutions", superiority of fortune can "give some men superiority over the greater part (...) of their brethren" (p.670). However, I argue that there is strong reason not to take the word "antecedent" here in a temporal sense. In numerous and important examples Smith depicts the relationship between wealth and authority as non-empirical (or at least not simply empirical). This connection flows naturally from Smith's epoch-making redefinition of wealth as the productive capacity which a society can command within its given social and political framework. Appreciating this point leads one to see Smith as developing an early form of historical materialism. (shrink)

Economic analysis identifies comparative, rather than absolute, advantage as the basis of international trade, a distinction first thought to have been clearly made by David Ricardo in his Principles of Political Economy and Taxation . Adam Smith's Wealth of Nations is thought to have failed to make this distinction, instead treating foreign trade principally as a “vent” for surplus domestic produce. However, Smith's underlying argument in favour of a “system of natural liberty” made his name synonymous with open (...) seas and free markets, and the economist most closely linked to free trade. This paper suggests that Smith advanced a rather more sophisticated analysis of the gains from trade than this textbook understanding would suggest, but that his line of reasoning has long been obscured by the long-established habit of reading Wealth of Nations as a work whose first two books contain the important analytical elements that the later books merely elaborate. It is demonstrated that Smith's analysis of the gains from trade derives from his discussion of capital, and that therefore a reader needs to begin at the end of Book II, and not with the principles of exchange outlined in Book I. (shrink)

The unquestionable achievement of J. G. A. Pocock's The Machiavellian Moment was to describe the retention of pre-modern values in a modern society. Pocock was notoriously accused of decentring Locke and side-lining the Liberal Tradition. A more pertinent critique had it that he failed to articulate how civic humanism in the context of increasingly commercial societies produced more than Jeremiahs or Cassandras. This article explains how Pocock responded to his various critics by inventing the term “commercial humanism” in an effort (...) to clarify the way in which classical virtue was modified in modern commercial contexts, especially by natural jurists and republicans. Commercial humanism proved controversial but stimulated one of the most original scholars working in the history of political thought, István Hont, to undertake a prolonged engagement with Pocock's revisionist ideas, which ultimately allowed him to answer Pocock's critics better than Pocock, whose voice remained too in tune with those whose view of modern political thought he had rejected. For Hont, Pocock's labours in the history of political thought remained less relevant to present politics than they might become, once the depth of eighteenth-century analyses of the relationship between wealth and virtue was recovered. (shrink)

The Nature of God explores a perennial problem in the philosophy of religion. Drawing upon developments in philosophy, most notably those in philosophical logic, Edward R. Wierenga examines the traditional divine attributes of omnipotence, omniscience, eternity, timelessness, immutability, and goodness. His philosophically defensible formulations of the nature of God are in accord with the views of classical theists. The author provides an account of each of the divine attributes by stating in contemporary terms what such classical theists as Augustine, Anselm, (...) and Aquinas wrote about the nature of God; he then seeks to determine whether one can defend the ascription of traditional divine attributes to God against philosophical objections. Clearly written and comprehensive, The Nature of God contains a wealth of illuminating and original material on a central topic in the philosophy of religion. (shrink)

The Natural Problems, attributed to Aristotle, have gained much scholarly attention in the last decades, yet a systematic study of how the collection circulated in the Graeco-Roman Empire remains a blind spot in contemporary scholarship. Indeed, the Imperial Era is a seminal period for the history of the text, not just as a conduit between Aristotle and the Middle Ages – which in itself is essential for explaining the subsequent Arabic and Latin uptake of the Problems more clearly – (...) but also for the wealth of sources and testimonies it offers about the collection’s ancient readership and concrete use. The evidence shows that the collection sparked much debate among a range of ancient philosophers, doctors, sophists and scholars, both Greeks and Romans. This paper provides a selection of readings representative of the different socio-intellectual milieus in which the Problems circulated and the different agendas that it served. (shrink)

Find everything you need for a solid introduction to philosophy with this brief, powerful text. One of the most concise introductory philosophy anthologies available, KNOWLEDGE, NATURE, AND NORMS: AN INTRODUCTION TO PHILOSOPHY, Second Edition features classical philosophy readings, short fiction, and literature from popular writers, as well as a wealth of effective learning tools. Concise, well-edited selections are designed to give first-time philosophy students what you need to succeed--a well-crafted focus on the essential elements of philosophical debate. Integrated learning (...) tools, such as a comprehensive introductory essay at the beginning of the text, provides an overview of how to approach philosophy. Engaging Chapter Introductions highlight key arguments, while Reading Comprehension and Review Questions draw your attention to key ideas. A robust companion website further enhances learning with self-assessment exercises, study guides, and links to philosophical and other helpful resources. With this anthology, you'll find a complete range of philosophical topics, including key issues in epistemology, metaphysics, and ethics. This thorough introduction is all within a book that's one-third the length of a typical anthology for cost savings and unmatched clarity. (shrink)

In an unpublished paper of 1693 John Locke weighed in on the ongoing debate in the English Parliament by declaring that there should be a “general naturalization” of all immigrants currently residing in England. His argument for this controversial policy was entirely economic and based on promoting England's interest in achieving greater wealth. He wrote nothing about the interests of the immigrants (most of whom were escaping religious persecution) nor did he appeal to the moral and political theory he (...) had so strongly proposed in Second Treatise of Government, published only a few years earlier in 1690. In this paper I look closely at the concepts of community and law in the state of nature and conclude that if Locke had employed the fundamental principles developed in Second Treatise he would have endorsed a far more radical policy that would have permitted the immigration and eventual naturalization of persons on humanitarian grounds. The application of these principles have important consequences for contemporary debates in the United States Congress and in other wealthy countries about the extent of the obligation to provide relief to foreigners who are escaping religious persecution, war, enslavement, hunger, and natural disaster. (shrink)

Responsibility as a dual to human rights is presented as a moral alternative to extended, complex systems of animal and ecological rights. This simple idea of responsibility is then applied to four levels of agricultural technology: animal (nature) rights, conservation, organization of agriculture, and people versus planet relationships. The stewardship argument is freed from at least some of the complications of animal rights and ecology, but leaves responsibility with humans to do the right thing.

Supporting Hamilton’s inclusive fitness theory, archival analyses of inheritance patterns in wills have revealed that people invest more of their estates in kin of closer genetic relatedness. Recent classroom experiments have shown that this genetic relatedness effect is stronger for relatives of direct lineage (children, grandchildren) than for relatives of collateral lineage (siblings, nieces, nephews). In the present research, multilevel modeling of more than 1,000 British Columbian wills revealed a positive effect of genetic relatedness on proportions of estates allocated to (...) relatives. This effect was qualified by an interaction with lineage, such that it was stronger for direct than for collateral relatives. Exploratory analyses of the moderating role of benefactors’ sex and estate values showed the genetic relatedness effect was stronger among female and wealthier benefactors. The importance of these moderators to understanding kin investment in modern humans is discussed. (shrink)

From humans to hermit crabs to deep water plankton, all living things compete for locally limiting resources. This universal truth unites three bodies of thought--economics, evolution, and history--that have developed largely in mutual isolation. Here, Geerat Vermeij undertakes a groundbreaking and provocative exploration of the facts and theories of biology, economics, and geology to show how processes common to all economic systems--competition, cooperation, adaptation, and feedback--govern evolution as surely as they do the human economy, and how historical patterns in both (...) human and nonhuman evolution follow from this principle.Using a wealth of examples of evolutionary innovations, Vermeij argues that evolution and economics are one. Powerful consumers and producers exercise disproportionate controls on the characteristics, activities, and distribution of all life forms. Competition-driven demand by consumers, when coupled with supply-side conditions permitting economic growth, leads to adaptation and escalation among organisms. Although disruptions in production halt or reverse these processes temporarily, they amplify escalation in the long run to produce trends in all economic systems toward greater power, higher production rates, and a wider reach for economic systems and their strongest members.Despite our unprecedented power to shape our surroundings, we humans are subject to all the economic principles and historical trends that emerged at life's origin more than 3 billion years ago. Engagingly written, brilliantly argued, and sweeping in scope, Nature: An Economic History shows that the human institutions most likely to preserve opportunity and adaptability are, after all, built like successful living things. (shrink)

Beyond Fukuyama. Where do we stand today? Gerald A. Cohen enumerated the four features of the classic Marxist notion of the working class: it constitutes the majority of society; it produces the wealth of society; it consists of the exploited members of society; its members are the needy people in society. When these four features are combined, they generate two further features: the working class has nothing to lose from revolution; it can and will engage in a revolutionary transformation (...) of society. None of the first four features applies to today's working class, which is why features and cannot be generated. that open up the site of resistance. (shrink)

Among scholars of ancient economic thought, it is widely recognized that Aristotle established an upper limit to money-making. This “natural limit” has been variously construed, with some claiming that it might be settled independently of Aristotle’s ethical theory. This paper defends the opposite thesis: Aristotle’s natural limit is inextricably tied to his account of human flourishing. It also argues that Aristotle precludes the wealth-seeking path as coincident with a flourishing life. Why? For Aristotle, money-making as an end (...) in itself is endemic to the life of pleasure, not the good life. Moreover, the unchecked pursuit of ever more money is likely to crowd out other intrinsically valuable goods, such as friendship, agency, and autonomy. Finally, from the standpoint of Aristotle’s virtue ethics, wealth acquisition beyond the natural limit is considered to be a vice, not a virtue. (shrink)

"Children live in a realm of direct experience, engaged with their senses and absorbed in events as they occur. But as adults, we've come to depend on our acquired skills of language, logic, and familiar thinking strategies to get things done and get through our days. For decades, innovative neuroscience educator Dee Joy Coulter has been treasure-hunting for fresh insights into learning that we can actually use-to transform the way we perceive, think, feel, and learn. Original Mind guides us into (...) her expansive vision for unfolding our natural brilliance. Applying the findings of scientists, artists, and cultures across the globe-and illuminated with stories and hands-on practices from her own work-readers will explore:. How to see, listen, feel, and taste again with childlike wonder. The oral tradition-reclaiming the cognitive power of storytelling and metaphor. Problem-solving and learning at the deepest levels. Empty mind -the art of rejuvenation as taught by the Buddha, composers and artists, and children across the globe. Boredom, Complexity, Ambiguity, Permeability, and Novelty-five tolerances essential to fulfillment. Surfing the edges of inner chaos-the theta-gamma states of inspired genius, and many other topics Readers both new and well-versed in brain training, meditation, and stress reduction will find here a wealth of inspiration to amplify the richness of their perceptions, intuition, creativity, emotional balance-and the untapped wonder hidden within each moment of our lives."--Publisher's description. (shrink)

In The Code of Capital, Katharina Pistor seeks to trace out the ultimate sources of wealth and capital. Her central claim—that wealth and capital are ultimately created by law—is at once more commonsensical and intuitive, on the one hand, and more insightful and provocative, on the other hand, than it might initially seem. At a time when there is deep and widespread interest in and concern about wealth inequality, Pistor argues (successfully, I think) that much inequality can (...) be traced back to oft-ignored legal fixtures. She also argues (unsuccessfully, I think) that we can trace inequality back to law precisely because law is itself partly constitutive of wealth and capital. Fortunately, her more fruitful claims about how law affects the distribution of wealth and capital can be divorced from the less fruitful metaphysical claims about the nature of law and capital and lay the foundation for much future work of interest. (shrink)

To address climate change fairly, many conflicting claims over natural resources must be balanced against one another. This has long been obvious in the case of fossil fuels and greenhouse gas sinks including the atmosphere and forests; but it is ever more apparent that responses to climate change also threaten to spur new competition over land and extractive resources. This makes climate change an instance of a broader, more enduring and - for many - all too familiar problem: the (...) problem of human conflict over how the natural world should be cared for, protected, shared, used, and managed. -/- This work develops a new theory of global egalitarianism concerning natural resources, rejecting both permanent sovereignty and equal division, which is then used to examine the problem of climate change. It formulates principles of resource right designed to protect the ability of all human beings to satisfy their basic needs as members of self-determining political communities, where it is understood that the genuine exercise of collective self-determination is not possible from a position of significant disadvantage in global wealth and power relations. These principles are used to address the question of where to set the ceiling on future greenhouse gas emissions and how to share the resulting emissions budget, in the face of conflicting claims to fossil fuels, climate sinks, and land. It is also used to defend an unorthodox understanding of responsibility for climate change as a problem of global justice, based on its provenance in historical injustice concerning natural resources. (shrink)

The current ecological crisis is a matter of urgent global concern, with solutions being sought on many fronts. In this book, Seyyed Hossein Nasr argues that the devastation of our world has been exacerbated, if not actually caused, by the reductionist view of nature that has been advanced by modern secular science. What is needed, he believes, is the recovery of the truth to which the great, enduring religions all attest; namely that nature is sacred. Nasr traces the historical process (...) through which Western civilization moved away from the idea of nature as sacred and embraced a world view which sees humans as alienated from nature and nature itself as a machine to be dominated and manipulated by humans. His goal is to negate the totalitarian claims of modern science and to re-open the way to the religious view of the order of nature, developed over centuries in the cosmologies and sacred sciences of the great traditions. Each tradition, Nasr shows, has a wealth of knowledge and experience concerning the order of nature. The resuscitation of this knowledge, he argues, would allow religions all over the globe to enrich each other and cooperate to heal the wounds inflicted upon the Earth. (shrink)

During the 1870s animal morphologists and embryologists at Cambridge University came to dominate British zoology, quickly establishing an international reputation. Earlier accounts of the Cambridge school have portrayed this success as short-lived, and attributed the school's failure to a more general movement within the life sciences away from museum-based description, towards laboratory-based experiment. More recent work has shown that the shift in the life sciences to experimental work was locally contingent and highly varied, often drawing on and incorporating aspects of (...) museum work. Thus in order to understand the more general changes, studies of particular sites are needed. Here I examine the organisation of teaching at Cambridge, both in terms of the spaces in which it was taught and the ways in which teaching and examining were organised, to bring out the complexities of the 'revolt from morphology' and to show in more detail the institutional aspects that intertwined with intellectual change. Francis Maitland Balfour, as head of the Cambridge school, was able to make use of family connections and his own personal wealth to promote morphology. His successor lacked these resources, and one competition within the natural sciences at Cambridge intensified, morphology was unable to compete properly. (shrink)

In lieu of an abstract, here is a brief excerpt of the content:Journal of the History of Ideas 63.3 (2002) 465-481 [Access article in PDF] The Physiology of Political Economy: Vitalism and Adam Smith's Wealth of Nations Catherine Packham The Scottish Enlightenment has been described as uniting a concern with the origins and foundations of knowledge with a preoccupation with the useful application of knowledge in schemes of practical improvement. 1 Adam Smith's Inquiry into the Nature and Causes of (...) the Wealth of Nations, which combines a theoretical account of political economy with specific proposals on politico-economic matters, might seem to exemplify such a characterization. For some commentators at the time of its publication, however, Smith's lack of practical experience in the field of trade disqualified any claims he might make to authoritative knowledge. Sir John Pringle, for instance, military surgeon and friend of Smith's, thought that a man "who had never been in trade could not be expected to write well on the subject"; and while Dr. Johnson repudiated this, suggesting that all that was necessary was "extensive views," Pringle's opinion was not unusual. 2 Such objections, interrogating the very basis of Smith's expertise, reiterate, in the context of his work, the same kinds of questions regarding knowledge's provenance which preoccupied his age, and which were indeed addressed by Smith himself. Smith's own account of the formation of philosophical knowledge rests not on the authority of experience but on the role of the imagination; he understood systematic knowledge as an imaginative "machine" or work of fancy created to please and soothe a mind disturbed by phenomena which are observed but unexplained. 3 Smith's account of philosophical [End Page 465] knowledge, in which he would include his own Wealth of Nations, suggests that his own expertise should be judged not on the extent of his personal experience of the matters discussed but on the explanatory power and pleasurable nature of the system which he outlines. With its emphasis on the work of the philosophical imagination, his account also suggests that some of the sources for that system might be somewhat unexpected, a suggestion which this paper will pursue.Such questions concerning the genesis and formation of the new discourse of political economy instituted by Wealth of Nations have recurred in our own time, informing some of the more illuminating of recent work on Smith. Rejecting a tradition which assesses the significance of Wealth of Nations in terms of its anticipation of modern economic analysis, revisionist historians of political and economic thought have, since the late 1970s, offered more contextualist accounts of the work, tracing the relations between Smith's moral and economic philosophy and the contemporary discourses of natural jurisprudence and civic humanism. Other commentators have borrowed from literary scholarship to examine the textual and discursive conventions through which Smith's writings construct and sustain their meanings. 4 Such work has given a new emphasis to the textual and discursive nature of Smith's work as a means to understand its derivation, sources, and influences; it has replaced an older perception of Smith as inspired prophet-founder of the new political economy with an effort to interpret his work in the context of other, adjacent and contemporary forms of inquiry. Collectively, such work highlights the varied and disparate discourses which informed Smith's thinking on economic and other matters and seeks to understand how the complex and diverse forms of interaction with and assimilation of aspects of these philosophical and other discourses may have contributed to the formation of Smith's work—and hence, must also figure in our own attempts to read it.This paper, by exploring a strand of physiological language and imagery which runs through Wealth of Nations and considering it in the context of new developments in Scottish physiological research in the middle decades of the eighteenth century, also seeks to understand Smith's work by examining its relations with contemporary philosophical discourse. Where other recent accounts of Wealth of Nations have reassessed its relationship with moral, political and legal discourses, it will... (shrink)

The property arrangements of the Republic are often linked to Plato's biographical and historical background, especially to his alleged aristocratic prejudices against moneymaking. Contrary to this, I argue that they are based on one of his central philosophical theories, i.e. on his conception of justice. According to Plato, justice involves the control of appetitive desires. Among these appetitive desires, the desire for money stands out for the following reasons given in the text: it is part of human appetite 'by nature', (...) it is 'insatiable', and it is connected with all of the other appetites; therefore it can be restrained by education only partially, and requires particular mechanisms of control. The Laws remain consistent with this assessment, but introduce less radical political measurements, which are in turn adopted by Aristotle in the Politics. (shrink)

Against the idea that market economy is something greedy and immoral, we will set out the idea that market economy based on firms has a very positive moral content: the possibility of excellence of human action. Firms based on people acting together, sharing the culture of the organization, toward virtue-based ethics, create and distribute most of the economy’s wealth, innovate, trade and raise living standards. We will present a criterion which states that social coordination improves if the process of (...) creation of individual possibilities of action, which is carried out in the social institutions—in our case, the firm—is extended. There is a retention of possibilities that is formed in the institutions and transmitted culturally. In that moment entrepreneurship emerges, the creative tension that expands, maintains, or diminishes the possibilities of action. Hence, the firm is the institution that carries out a very important practice: fostering new possibilities of individual action. In this paper, we will adopt the point of the view of the acting person. The reality we observe is personal action within its cultural and institutional dimensions. A theory of personal action in societal institutions bridges the way from virtue-based ethics toward ethics of institutions. (shrink)

The materials collected in this volume all concern the translations of and receptions to Adam Smith's The Wealth of Nations in ten non-English-speaking countries. The Wealth of Nations provides the perfect basis for studying the international transmission of economic ideas as it is generally considered to be the foundation of modern political economy, and still continues to be read after more than two centuries. Its appeal crosses national, cultural, and ideological boundaries -- countries investigated here range from China (...) to Sweden -- and its enduring popularity is indicated by its status as the most translated economics book in history. Adam Smith Across Nations includes numerous sections which will of invaluable assistance to any Smith researcher. As well as presenting reviews and analysis from each country from the 18th century to the present day, an appendix lists editions of The Wealth of Nations in 18 languages, enabling the reader to understand the speed and number of translations. Most importantly, an introductory overview synthesises current research on the economic ideological context in the individual countries when The Wealth of Nations was introduced, the motives behind its introduction, its immediate reception, and the nature of the objections to Smith's doctrines. Professor Lai concludes that Smith's impact outside English-speaking country was predominantly limited to the realm of ideas: few of his policy recommendations were put into practice. (shrink)

This essay explores how economic theory and historical inquiry were brought together for one of the first times in modern political thought in Books II and III of Adam Smith's Wealth of Nations. It shows how the theory of capital found in Book II provides a perspective for thinking about historical development and political institutions that is in sharp contrast with the historical record traced out in Book III. Smith's solution to the problem of reconciling economic theory and history (...) lies in a complex understanding of the nature of rational economic behaviour and how it has been affected by uncertainty and institutional development in human history. Embedded in Smith's political economy is not only a new theory of economic life, but a new political understanding of the importance of history to contemporary political life. (shrink)

Anthony Kronman has argued that libertarians cannot distinguish non-arbitrarily between legitimate and illegitimate advantage-taking in contractual relations except by reference to a liberal, wealth-redistributive standard Kronman calls paretianism. We argue to the contrary that libertarians need not concede that any advantage-taking in contracts is legitimate and thus need not be liberal paretians with respect to advantage-taking.

`the state of men without civil society is nothing else but a mere war of all against all.' Thomas Hobbes was the first great philosopher to write in English. His account of the human condition, first developed in The Elements of Law, which comprises Human Nature and De Corpore Politico, is a direct product of the intellectural and political strife of the seventeenth century. It is also a remarkably penetrating look at human nature, and a permanently relevant analysis of the (...) fears of self-seeking that result in the war of `each against every man'. In The Elements of Law Hobbes memorably sets out both the main lines of his general philosophy, later augmented in De Corpore, and the moral and political philosophy later made famous in Leviathan. Copies of Human Nature and De Corpore Politico, until 1889 printed as separate works, are rare antiques or scarcely less rare scholarly texts; this is the first complete popular edition. It is here supplemented by chapters from De Corpore and Three Lives, two from Hobbes's original Latin. These have never before been published together in English. ABOUT THE SERIES: For over 100 years Oxford World's Classics has made available the widest range of literature from around the globe. Each affordable volume reflects Oxford's commitment to scholarship, providing the most accurate text plus a wealth of other valuable features, including expert introductions by leading authorities, helpful notes to clarify the text, up-to-date bibliographies for further study, and much more. (shrink)