Corporate scandals brought the issue of corporate governance to the forefront of the agendas of lawmakers and regulators in the early 2000s. As a result, Congress, the New York Stock Exchange, and the NASDAQ enacted standards to improve the quality of corporate governance, thereby enhancing the quantity and quality of disclosures by listed companies. We investigate the relationship between corporate governance strength and the quality of disclosures in pre- and post-regulation time periods. If cross-sectional differences in corporate governance policies affect (...) the quality of financial disclosures, the quality of information available to analysts varies with such policies. Specifically, higher quality disclosures, produced as a result of strong corporate governance, should lead to more accurate and less dispersed analysts’ forecasts. Our analysis suggests that voluntary implementation of stronger corporate governance enhanced the quality of disclosures in the pre-regulation period; however, exceeding current corporate governance standards does not appear to result in higher quality disclosures post-regulation. These results suggest that SOX and the stronger regulations enacted by U.S. exchanges were effective in reducing variation in the quality of financial information available to investors. (shrink)

An underlying assumption of default-interventionist dual-process theory (DI-DPT) of reasoning is that humans tend to act as cognitive misers. Although miserly cognitive processing occurs when indiv...

In lieu of an abstract, here is a brief excerpt of the content:Habituation and Character ChangeKathleen Poorman DoughertyThe standard view regarding character traits is that they are habituated, stable dispositions that develop over time. This position is put forth in its most familiar form in Aristotle's Nicomachean Ethics, Book II, where he outlines the development of character, arguing that one becomes virtuous or vicious through habituation of the corresponding sorts of actions. Thus, we become generous by performing generous actions, courageous (...) by performing courageous actions, rash by performing rash actions, and so on for all the virtues and vices. He puts it most directly at 1103b, saying, "To sum it up in a single account: a state [of character] results from [the repetition of] similar activities."1 Concomitant with this understanding of the development of character traits is the claim that once developed, character traits are stable and do not change rapidly or without the requisite rehabituation. Once a person has learned to be generous or courageous, the assumption is that she will, barring unusual circumstances, remain that way, for rehabituation is difficult and probably rare at best.For the most part, this standard view of the development and entrenchment of character reflects our common experience. It is easy to acknowledge the personal difficulty of making changes in our character, even with respect to fairly insignificant habits (ask any nail-biter or procrastinator!) let alone more central and entrenched character traits. Likewise, most realistic people will not expect others to change and will take a promise to change as well-intentioned at best, if not also somewhat simple-minded. Yet, other common intuitions seem to conflict with this traditional view: we find it easy to accept literary examples, and potentially even some real-life examples, of people whose characters have undergone radical change either for the better or the worse [End Page 294] quite quickly. So, even though the standard view of character traits as entrenched dispositions that develop over time seems to fit our common experiences, radical character change must be comprehensible and even possible, or these literary examples would not resonate with us. It's these competing intuitions about character change that I give further consideration here, in hope that they can be reconciled.More specifically, I consider how we ought to best understand cases of apparent moral transformation in light of this "standard view" that genuine moral character develops only through long-term habituation. First, I describe the traditional Aristotelian view in more detail, noting the important connections between habituation, practical wisdom and entrenchment. Then, I introduce two familiar literary cases of apparent moral transformation, namely Euripides' Hecuba and Dickens's Scrooge. Finally, I consider the skeptical response to these examples, namely that they do not represent genuine cases of rapid character change, but simply a misunderstanding or a misdescription of the process of character development. In doing so, I argue that it is perfectly plausible for such rapid character transformations to occur, because certain radical experiences may require a completely new interpretation of the world and necessitate a different form of engagement with it. Thus, I maintain that though it is generally true that character develops over time, it is neither conceptually nor practically impossible for character to change independently of habituation.IThe development of the moral virtues, Aristotle tells us, is like learning a craft in that neither comes to us naturally, but rather both develop through practice and repetition: "we learn a craft by producing the same product that we must produce when we have learned it, becoming builders, e.g., by building and harpists by playing the harp; so also, then, we become just by doing just actions, temperate by doing temperate actions, brave by doing brave actions" (1103a32–1103b). But just as learning to build or play the harp is a long and arduous process, with many stumbles along the way, so is the development of virtue. We will certainly not get actions right the first time, but will likely fail many times along the way. As Nancy Sherman points out, the kind of habituation Aristotle has in mind cannot be blind or rote habituation.2 Developing virtue will not be a matter of behaving exactly the same way each... (shrink)

Unruly Practices brings together a series of widely discussed essays in feminism and social theory. Read together, they constitute a sustained critical encounter with leading European and American approaches to social theory. In addition, Nancy Fraser develops a new and original socialist-feminist critical theory that overcomes many of the limitations of current alternatives. First, in a series of critical essays, she deploys philosophical and literary techniques to assess the work of Michael Foucault, the French deconstructionists, Richard Rorty, and Jürgen (...) Habermas. Then, in a group of constructive essays, she incorporates their respective strengths in a new critical theory of late-capitalist political culture. Fraser breaks new ground methodologically by integrating the previously divergent insights of poststructuralism, critical social theory, feminist theory, and pragmatism. Thematically, she deals with varied forms of dominance and subordination in modern, industrial, late-capitalist societies. These themes are integrated in an original theory of 'the politics of need interpretation.' This concept becomes the linchpin of the socialist-feminist critical theory. (shrink)

What does it mean to think critically about politics at a time when inequality is increasing worldwide, when struggles for the recognition of difference are eclipsing struggles for social equality, and when we lack any credible vision of an alternative to the present order? Philosopher Nancy Fraser claims that the key is to overcome the false oppositions of "postsocialist" commonsense. Refuting the view that we must choose between "the politics of recognition" and the "politics of redistribution," Fraser argues for (...) an integrative approach that encompasses the best aspects of both. (shrink)

In this article, I discuss and demonstrate how research into real‐world scientific problem‐solving provides a novel window on the mind and insight into the human capacity to design and utilize resource rich environments at the highly creative end of the cognitive spectrum.

We lay groundwork for applying ethnographic methods in philosophy of science. We frame our analysis in terms of two tasks: to identify the benefits of an ethnographic approach in philosophy of science and to structure an ethnographic approach for philosophical investigation best adapted to provide information relevant to philosophical interests and epistemic values. To this end, we advocate for a purpose-guided form of cognitive ethnography that mediates between the explanatory and normative interests of philosophy of science, while maintaining openness and (...) independence when framing such an investigation to achieve robust unbiased results. (shrink)

As average lifespans stretch to new lengths, how are human values impacted? Should our values change over the course of our ever-increasing lifespans? Nancy S. Jecker introduces a new concept, the life stage relativity of values, which holds that at different life stages, different ethical concerns should take center stage. For Jecker, the privileging of midlife values raises fundamental problems of fairness, and reveals large gaps in ethical principles and theories. Jecker introduces a new philosophical framework that reflects the (...) life stage relativity of values and shows its relevance to practice and policy. (shrink)

Scientific thinking is one of the most creative expressions of human cognition. This paper discusses my research contributions to the cognitive science of science. I have advanced the position that data on the cognitive practices of scientists drawn from extensive research into archival records of historical science or collected in extended ethnographic studies of contemporary science can provide valuable insight into the nature of scientific cognition and its relation to cognition in ordinary contexts. I focus on contributions of my research (...) on analogy, model-based reasoning, and conceptual change and on how scientists enhance their natural cognitive capacities by creating modeling environments that integrate cognitive, social, material, and cultural resources. I provide an outline of my trajectory from a physicist to a philosopher of science to a hybrid cognitive scientist in my quest to understand the nature of scientific thinking. (shrink)

There is substantial evidence that traditional instructional methods have not been successful in helping students to restructure their commonsense conceptions and learn the conceptual structures of scientific theories. This paper argues that the nature of the changes and the kinds of reasoning required in a major conceptual restructuring of a representation of a domain are fundamentally the same in the discovery and in the learning processes. Understanding conceptual change as it occurs in science and in learning science will require the (...) development of a common cognitive model of conceptual change. The historical construction of an inertial representation of motion is examined and the potential instructional implications of the case are explored. (shrink)

Mechanisms are now taken widely in philosophy of science to provide one of modern science’s basic explanatory devices. This has raised lively debate concerning the relationship between mechanisms, laws and explanation. This paper focuses on cases where a mechanism gives rise to a ceteris paribus law, addressing two inter-related questions: What kind of explanation is involved? and What is going on in the world when mechanism M affords behavior B described in a ceteris paribus law? We explore various answers offered (...) by ‘new mechanists’ and others before setting out and explaining our own answers: mechanistic explanations are a species of oldfashioned covering-law explanation and this often accounts in part for their explanatory power; and B is what it takes for some set of principles that govern the features of M’s parts in their arrangement in M all to be instanced together. (shrink)

We often hold people morally responsible for their emotions. We praise individuals for their compassion, think less of them for their ingratitude or hatred, reproach self-righteousness and unjust anger. In the cases I have in mind, the ascriptions of responsibility are not simply for offensive behaviors or actions which may accompany the emotions, but for the emotions themselves as motives or states of mind. We praise and blame people for what they feel and not just for how they act. In (...) cases where people may subtly mask their hatred or ingratitude through more kindly actions, we still may find fault with the attitude we see leaking through the disguise. (shrink)

Contemporary accounts of individual self-formation struggle to articulate a mode of subjectivity not determined by relations of power. In response to this dilemma, Foucault's late lectures on the ancient ethical practices of "fearless speech" (parrhesia) offer a model of ethical self-governance that educates individuals to ethical and political engagement. Rooted in the psychological capacities of curiosity and resolve, such self-governance equips individuals with a "disposition to steadiness" that orients individuals in the face of uncertainty. The practices of parrhesia accomplish this (...) task without fabricating a distinction between internal soul and external body; by creating not a "body of knowledge" but a "body of practices"; and without reference to an external order such as nature, custom, tradition, or religion. The result is an "expressive subject" defined through expressive practices sustained by a simultaneous relationship to herself and to others. Individuals develop themselves not through their ability to "dare to know" but as those who "dare to act.". (shrink)

This book on the philosophy of science argues for an empiricism, opposed to the tradition of David Hume, in which singular rather than general causal claims are primary; causal laws express facts about singular causes whereas the general causal claims of science are ascriptions of capacities or causal powers, capacities to make things happen. Taking science as measurement, Cartwright argues that capacities are necessary for science and that these can be measured, provided suitable conditions are met. There are case studies (...) from both econometrics and quantum mechanics. (shrink)

As interest in comparative effectiveness research grows, questions have emerged regarding whether it is ever acceptable to alter informed consent requirements for research when patients are randomly assigned to widely-used therapies. This paper reports on interviews with Institutional Review Board members and researchers and on focus groups with patients from Geisinger and Johns Hopkins health systems. The objective was to elicit participants' views of the acceptability of four different disclosure and authorization models for low-risk pragmatic comparative effectiveness trials of widely-used (...) therapies. Results suggest that although participants valued autonomous choice, many also believed that it was acceptable to streamline information disclosure and to use an opt-out process for eligible individuals who would prefer not to participate. This provides some preliminary evidence that relevant stakeholders find alternatives to traditional informed consent acceptable for low-risk pragmatic comparative effectiveness trials of widely-used therapies as long as a sufficient amount of choice is preserved. (shrink)

What does it mean to develop psychiatric method in a colonial context? Specifically, if the aims of psychiatry have traditionally been couched in the language of ‘psychic integration’ and ‘healing’, then what does it mean to practice psychiatry within structures that organize and reinforce the exclusions of colonialism? With these questions, this article examines Frantz Fanon’s psychiatric practices in light of his radical political commitments. I argue that Fanon’s innovations with the institutional form of the psychiatric hospital serve to intervene (...) differently in psychic conflict. Notably, these changes offer different ways to diagnose and respond to patients, along with different strategies for managing psychic disintegration in colonial contexts. The result is a rethinking of the relation between material and imagined worlds, and so the emergence of the hospital as a waystation between a colonial context and a political freedom yet to come. (shrink)

Ault, Nancy J Spiritual direction is at risk in a society which is turning increasingly to personal feelings to validate experience and justify decision making. An appeal to feelings and emotions enables marketers to sell religion and spirituality as consumer products. As a product among many, the wider contexts of religion and spirituality may fade from consciousness and be lost. In such a 'pick and mix' culture, as well as losing sight of the embodied nature of understanding, what may (...) happen is a slow drifting apart of thinking, feelings and action. The cost of such a separation is high. Feelings may disintegrate into sentimentalism, thinking sink into legalism and action become uninformed reaction. Hence, practices which facilitate the intentional integration of mind, heart and behaviour can provide an essential counterbalance to the contemporary forces engendering separation. (shrink)

This paper examines the nature of model-based reasoning in the interplay between theory and experiment in the context of biomedical engineering research laboratories, where problem solving involves using physical models. These "model systems" are sites of experimentation where in vitro models are used to screen, control, and simulate specific aspects of in vivo phenomena. As with all models, simulation devices are idealized representations, but they are also systems themselves, possessing engineering constraints. Drawing on research in contemporary cognitive science that construes (...) cognition as occurring in a complex distributed system comprising people and artifacts, I argue that reasoning with model systems is a constraint satisfaction process involving co-construction, manipulation, and revision of mental and physical models. (shrink)

"... Fraser and Bartky have brought the encounter between U.S. and French feminism to a new level of seriousness." —Ethics In the last decade, elements of French feminist discourse have permeated and transformed the larger feminist culture in the United States. This volume is the first sustained attempt to revalue French feminism and answer the question: What has been gained and what has been lost as a result of this intercultural encounter? Interviews with Simone de Beauvoir open the book; essays (...) by French feminists Sarah Kofman and Luce Irigaray follow; the North American contributors are Judith Butler, Nancy Fraser, Diana J. Fuss, Nancy J. Holland, Eleanor H. Kuykendall, Dorothy Leland, Diana T. Meyers, Andrea Nye, and Margaret A. Simons. (shrink)

Approximately 20% of adult cancer patients are eligible to participate in a clinical trial, but only 2.5-9% do so. Accrual is even less for minority and medically underserved populations. As a result, critical life-saving treatments and quality of life services developed from research studies may not address their needs. This study questions the utility of the bioethical concern with therapeutic misconception (TM), a misconception that occurs when research subjects fail to distinguish between clinical research and ordinary treatment, and therefore attribute (...) therapeutic intent to research procedures in the safety net setting. This paper provides ethnographic insight into the ways in which research is discussed and related to standard treatment. (shrink)

Scientific research is a highly complex and creative domain of human activity. In addition to its intrinsic value, understanding scientific thinking provides insight into the creative potential of human psychological capacities, as they are imbedded in rich social, material, and cultural environments. I discuss findings from my own investigations using two forms of qualitative research suited to studying scientific thinking as situated in context: cognitive-historical and cognitive-ethnographic.

An excellent window on Marx's and Nietzsche's overall theories and on the foibles of modern society. Her analysis of their views on the nature of man and their consequent theories of history is competent and probes deeply into the teachings of Marx and Nietzsche.

This paper argues that Foucault's late, unpublished lectures present a model for evaluating those ethical authorities who claim to speak truthfully. In response to those who argue that claims to truth are but claims to power, I argue that Foucault finds in ancient practices of parrhesia (fearless speech) a resource by which to assess modern authorities' claims in the absence of certain truth. My preliminary analytic framework for this model draws exclusively on my research of his unpublished lectures given at (...) the Collège de France between 1982-84. I argue that this model proceeds in three stages: the truth-teller is first established as independently authoritative, he is subsequently tested under conditions of risk, and the encounter concludes by generating trust and a relation of 'care' with the audience. Foucault's model results in an 'aesthetics of existence' organized around a set of ethical practices, and thus offers an alternative to other forms of ethical subjectivity. In so doing, this model also critiques the place for risk in liberal political institutions. (shrink)

This chapter focuses on a novel class of models used in frontier research in the bioengineering sciences – in vitro simulation models – that provide the basis for biological experimentation. These bioengineered models are hybrid constructions, composed of living tissues or cells and engineered materials. Specifically, it discusses the processes through which in vitro models were built, experimented with, and justified in a tissue engineering lab. It examines processes of design, construction, experimentation, evaluation, and redesign of in vitro simulation models, (...) in general, as instances of building the source analogy (as distinguished from retrieving an analogy), which figures prominently in creative frontier scientific research. Building the analogical source is a bootstrapping process, which furthers the articulation, as well as the solution of the problem. -/- . (shrink)

Book reviewed in this article: Medicine and Culture: Varieties of Treatment in the United States, England, West Germany, and France. By Lynn Payer. Health Care Systems: Moral Conflicts in European and American Public Policy. Edited by Hans‐Martin Sass and Robert U. Massey.

In this paper, the authors describe an aspect of a program of research around grief and clinical practice. The first phase of the study involves examination of experiences of grief with attention to troublesome or problematic beliefs that fuel the extent of suffering in the bereaved. The data, obtained from a review of videotaped clinical interviews with families seen in the Family Nursing Unit at the University of Calgary, were analyzed according to philosophical hermeneutic tradition. Findings suggest that grief is (...) an experience that is ongoing, that changes in nature over time, but that involves a continuing relationship with the deceased; it is a graceful, periodic, deliberate walk backwards while keeping a sure foot in living forward. (shrink)

Agonistic theories of democratic practice lack an explicit model for ethical cultivation. Even as these theorists advocate sensibilities of “ethical open-ness and receptivity,” so as to engage in the political work of “maintenance, repair, and amendment,” they lack an account of how individuals ought be motivated to this task or how it should unfold. Toward theorizing such a model, I turn to Freud and clinical psychoanalytic practice. I argue that Freud’s “second-education” (Nacherziehung) offers an ethical cultivation framed around a “combative (...) collaboration” between analyst and patient that teaches tolerance of discomfort; endurance of uncertainty; and narrative capacity. This second-education suggests two lessons for politics. First, that we might do well to reproduce its relational form more broadly across politics. And second, that we cultivate those “sacral spaces” capable of challenging the conditions for symbolic meaning as it stretches between personal and collective practices. (shrink)

Scientists, either working alone or in groups, require rich cognitive, social, cultural, and material environments to accomplish their epistemic aims. There is research in the cognitive sciences that examines intelligent behavior as a function of the environment (“environmental perspectives”), which can be used to examine how scientists integrate “cognitive-cultural” resources as they create environments for problem-solving. In this paper, I advance the position that an expanded framework of distributed cognition can provide conceptual, analytical, and methodological tools to investigate how scientists (...) enhance natural cognitive capacities by creating specific kinds of environments to address their epistemic goals. In a case study of a pioneering neuroengineering lab seeking to understand learning in living networks of neurons, I examine how the researchers integrated conceptual, methodological, and material resources from engineering, neuroscience, and computational science to create different kinds of distributed problem-solving environments that enhanced their natural cognitive capacities, for instance, for reasoning, visualization, abstraction, imagination, and memory, to attain their epistemic aims. (shrink)

The recent struggle over the confirmation of Clarence Thomas and the credibility of Anita Hill raises in a dramatic and pointed way many of the issues at stake in theorizing the public sphere in contemporary society. At one level, the Senate Judiciary Committee hearings on Hill’s claim that Thomas sexually harassed her constituted an exercise in democratic publicity as it has been understood in the classical liberal theory of the public sphere. The hearings opened to public scrutiny a function of (...) government, namely, the nomination and confirmation of a Supreme Court justice. They thus subjected a decision of state officials to the force of public opinion. Through the hearings, in fact, public opinion was constituted and brought to bear directly on the decision itself, affecting the process by which the decision was made as well as its substantive outcome. As a result, state officials were held accountable to the public by means of a discursive process of opinion and will formation.Yet that classical liberal view of the public sphere does not tell the whole story of these events.1 If were examine the Thomas confirmation struggle more closely, we see that the very meaning and boundaries of the concept of publicity was at stake. The way the struggle unfolded, moreover, depended at every point on who had the power to successfully and authoritatively define where the line between the public and the private would be drawn. It depended as well on who had the power to police and defend that boundary. 1. See Jürgen Habermas, The Structural Transformation of the Public Sphere: An Inquiry into a Category of Bourgeois Society, trans. Thomas Burger. Nancy Fraser is associate professor of philosophy and faculty fellow of the Center for Urban Affairs and Policy Research at Northwestern University, where she also teaches in the women’s studies program. She is the author of Unruly Practices: Power, Discourse, and Gender in Contemporary Social Theory. She is currently working on Keywords of the Welfare State, a jointly authored book with Linda Gordon. (shrink)

Although democratic theorists often employ musical metaphors to describe their politics, musical practices are seldom analyzed as forms of political communication. In this article, I explore how the music of social movements, what is called "movement music," supplements deliberative democrats' concept of public discourse as rational argument. Invoking energies, motions, and voices beyond established identities and institutions anticipates a different, more musical democracy. I argue that the "women's music" of Holly Near, founder of Redwood Records and Redwood Cultural Work, exemplifies (...) this transformative power of musical sound. (shrink)

What were Shakespeare's final thoughts on history, tragedy, and comedy? Shakespeare's Last Plays focuses much needed scholarly attention on Shakespeare's "Late Romances." The work--a collection of newly commissioned essays by leading scholars of classical political philosophy and literature--offers careful textual analysis of Pericles, Prince of Tyre, Cymbeline, The Winter's Tale, The Tempest, All is True, and The Two Noble Kinsmen. The essays reveal how Shakespeare's thought in these final works compliments, challenges, fulfills, or transforms previously held conceptions of the playwright (...) and his political-philosophical views. (shrink)

In its examination of the intersection of ethics and ontology, Roman Ingarden’s philosophy bears a striking resemblance to the thought of the contemporaryFrench philosopher Alain Badiou. Though no formal influence is claimed, this paper explores several ways in which Badiou’s theory of the event and existential agency is foreshadowed in the writings of Ingarden. In so doing, the author suggests the continued importance of this unjustly neglected philosopher for contemporary thinking on questions of value.

This essay examines the itinerary of the word in translation. How does the process of translation unfold? When a work is translated, what is lost, what is gained,what is left behind, and what is carried forward? Is there some quality peculiar to poetic language that makes translation more difficult – or easier? In this essay I articulate the stages that I go through when translating a poem. The work is heuristic in part, but rooted in Heidegger’s essays on Hölderlin and (...) Rilke. (shrink)