Influential neoclassical economist Lionel McKenzie has made major contributions to postwar economic thought in the fields of equilibrium, trade, and capital accumulation. This selection of his papers traces the development of his thinking in these three crucial areas.McKenzie's early academic life took him to Duke, Princeton, Oxford, the University of Chicago, and the Cowles Commission. In 1957, he went to the University of Rochester to head the economics department there, and he remains at Rochester, now Wilson Professor Emeritus of Economics. (...) McKenzie's most significant research was undertaken during a period that saw the development of the major themes of neoclassical economics and the use of fundamental mathematical methods to do so. McKenzie contributed to both aspects of this research program. He helped shape the direction of the field and, at Rochester, influenced generations of future scholars. In 2002, The MIT Press published McKenzie's Classical General Equilibrium Theory, a detailed summary of the model and methodology. This book, collecting his most important papers in the form in which they were originally published, can be seen as a companion to that one. The many state-of-the-art results achieved in McKenzie's original papers present sophisticated theoretical work that will continue to be important to future developments in the discipline. (shrink)

The empiricist bent of philosophy of science and epistemology over the past four decades has recently been challenged, partly by arguments that exploit the uncertainty about what precisely the given is. It is claimed that this uncertainty stems from the fact that all observation is theory-laden; different "enities" [[sic]] are said to be observed as the theory constituting them is varied. Observations therefore do not test theories. So-called tests are really circular arguments, if they confirm the theory, or question-begging, if (...) they disconfirm it. Such is roughly the line of argument advanced by the new philosophy of science. (shrink)

Hiram J. McLendon (1919–2000) was an American philosopher who taught at Berkeley, Harvard and New York University. Awarded Harvard’s Sheldon Traveling Fellowship for 1946–47, he studied with Bertrand Russell that year at Trinity College, Cambridge. His assistance with the manuscript of Human Knowledge was acknowledged. His son, James McLendon, accompanied his parents and has kindly permitted this 1956 paper, as sent to Russell, to be published. The incident involving Wittgenstein, Popper and a poker is discussed. Russell’s letters in response (...) (which “delighted” McLendon) follow. The paper is an abbreviated version of a book manuscript entitled “The Philosopher among Professors” that he worked on for many years. He was also then working on a three-volume manuscript on Russell’s philosophic contributions, especially in epistemology, under the title of “Justifying Knowledge” (volume titles: “Revolution and Counterrevolution in Philosophy”, “Beyond the Mythic Way” and “Where Things Are”). Square-bracketed notes are editorial. (shrink)

The Samoa Reader is a source book on the most extensive controversy in the history of anthropology, touched off by the publication of Derek Freeman's Margaret Mead and Samoa: The Making and Unmaking of an Anthropological Myth. Freeman's book purported to refute the most famous writing of the world's most honored and celebrated anthropologist. This book seemed to many to be an attack on liberal values; anthropologists believed that it was a concerted assault on the reliability and conceptual structure of (...) cultural anthropology in the name of 'sociobiology.' The Reader canvasses these and other issues by assembling, in readable form, the most cogent writings to come out of the controversy. This book is based on the study of unpublished sources, some of which are included. (shrink)

The design and development of appropriate regulatory mechanisms have attracted renewed attention in recent years. In particular, a shift towards voluntary self-regulatory mechanisms has been witnessed within many industries, such as the Australian mining and petroleum industries which have developed voluntary codes of conduct. This paper analyses the development of different regulatory forms and provides a brief comparative analysis of the two main voluntary codes of conduct used by the Australian mining and petroleum industries. In particular, the study focuses on (...) the integration of social sustainability elements within these frameworks that help contribute to solving issues such as coverage of human rights, approaches to employee and community relations, systems of stakeholder engagement, community consultation and public reporting. The study concludes that stakeholders have an important role to play in driving the introduction of voluntary regulation. This phenomenon can be traced back to how a company’s need to maintain its legitimacy, or social licence to operate, often motivates it to go beyond compliance. By providing a fuller understanding of factors driving the evolution of different regulatory mechanisms, this study has important implications for policy makers and practitioners interested in developing effective regulation. (shrink)

It will be argued here that Marx returned to Hegel in a Hegelian spirit—with the intention of achieving the sublation of philosophy. The term has the same broad meaning for both thinkers. The abolition of philosophy occurs in a philosophic way only when its negation is shown to follow from its inner tendency. The negative result is therefore also positive; it is the fulfillment of philosophy. This movement occurs in the Hegelian system in the form of the sublation of philosophy (...) to science or absolute knowledge. In Marx it takes the form of the sublation of theory into practice. (shrink)

. The present study applies results and methods of psychobiology to intellectual history. Pascal's syndrome is a depressive neurosis associated with morbid effects of scientific certainty. The syndrome is characterized by self‐mortification and conversion experience that represses distressing certainties. The dynamics of the syndrome are assessed from Blake Pascal's psychosis. The ideation of the syndrome is evaluated by reference to the neurology of altered states of consciousness and the biogenic amine hypothesis of depression and mania. The evaluation yields a description (...) of the relation between psychogenic and biogenic factors in the syndrome's etiology. (shrink)

Material acquisition—buying, inheriting, being given—and nonmaterial—learning a word, assimilating a form—have been likened, and in both, meaningful acquisition cannot take place without a taxonomy, a scheme of categories into which the acquired element can be fitted. Then with these elements—both material and nonmaterial—we create a world or build and project a self, the painter and the interior decorator equally manipulating the elements in a vocabulary. The coarseness of such an outlook seems to bludgeon away long-established fine distinctions. We need not (...) deny, however, that there may be a kind of "indifference" in regard to "the real existence of the thing" which allows us "to play the part of judge in matters of taste," as Kant would have it,1 we need not deny the existence of an "aesthetic attitude: it is just that such indifference and such an attitude probably don't have much to do with our day-to-day experience of artifacts and perhaps needn't. The "aesthetic attitude" was not long ago defined by Jerome Stolnitz as "disinterested and sympathetic attention to and contemplation of any object of awareness whatever, for its own sake alone."2 Stolnitz is at pains to distinguish the aesthetic attitude from "interests" with which it may be preferable to confuse it. "One of them," he writes, "is the interest in owning a work of art for the sake of pride or prestige". And again, "Another nonaesthetic interest is the 'cognitive,' i.e., the interest in gaining knowledge about an object". Both these interests sound rather acquisitive, and let us consider the "aesthetic attitude" as somehow tied in everyday practice to the bundle of "acquiring" activities. · 1. Immanuel Kant, The Critique of Judgment, trans. James Creed Meredith, p. 43.· 2. Jerome Stolnitz, Aesthetics and the Philosophy of Art Criticism, excerpted in Introductory Readings in Aesthetics, ed. John Hospers, p. 19; all further citations in text. Hiram W. Woodward, Jr. is a lecturer in the department of the history of art at the University of Michigan. He is editor of Eighty Works in the University of Michigan Museum of Art: A Handbook and coeditor of Barabudur: History and Significance of a Buddhist Monument. (shrink)

We consider fixed and asking price strategies in the context of selling an asset with Bernoullian updating of the seller’s subjective probability of sale at a given price. The determination of optimal fixed, asking and endogenous reservation prices is discussed under risk-neutrality and expected utility maximisation. With risk-neutrality, the optimal asking price exceeds the optimal fixed price when the expected gain is a strictly concave function. The seller’s choice between the fixed and the asking price strategies depends on several factors: (...) the expected cost of haggling, price competition and the seller’s attitude towards risk. (shrink)