The Coase theorem is argued to be incompatible with bargaining set stability due to a tension between the grand coalition and sub-coalitions. We provide a counter-intuitive argument to demonstrate that the Coase theorem may be in complete consonance with bargaining set stability. We establish that an uncertainty concerning the formation of sub-coalitions will explain such compatibility: each agent fears that others may `gang up' against him and this fear forces the agents to negotiate. The grand coalition emerges from the negotiations (...) if each agent uses the principle of equal relative sacrifice to determine the actual allocation. We also establish the rational basis for the choice of the principle of equal relative concession by the negotiating agents. Hence we argue that the Coase theorem will be valid even if there are stable sub-coalitions. (shrink)

In Human Well-Being and the Natural Environment, Partha Dasgupta explores ways to measure the quality of life. In developing quality-of-life indices, he pays particular attention to the natural environment, illustrating how it can be incorporated, more generally, into economic reasoning in a seamless manner. Professor Dasgupta puts the theory that he develops to use in extended commentaries on the economics of population, poverty traps, global warming, structural adjustment programmes, and free trade, particularly in relation to poor countries. The result (...) is a treatise that goes beyond quality-of-life measures and offers a comprehensive account of the newly emergent subject of ecological economics. (shrink)

The forms of liberal government that emerged after World War II are in the midst of a profound crisis. In I Am the People, Partha Chatterjee reconsiders the concept of popular sovereignty in order to explain today’s dramatic outburst of movements claiming to speak for “the people.” To uncover the roots of populism, Chatterjee traces the twentieth-century trajectory of the welfare state and neoliberal reforms. Mobilizing ideals of popular sovereignty and the emotional appeal of nationalism, anticolonial movements ushered in (...) a world of nation-states while liberal democracies in Europe guaranteed social rights to their citizens. But as neoliberal techniques shrank the scope of government, politics gave way to technical administration by experts. Once the state could no longer claim an emotional bond with the people, the ruling bloc lost the consent of the governed. To fill the void, a proliferation of populist leaders have mobilized disaffected groups into a battle that they define as the authentic people against entrenched oligarchy. Once politics enters a spiral of competitive populism, Chatterjee cautions, there is no easy return to pristine liberalism. Only a counter-hegemonic social force that challenges global capital and facilitates the equal participation of all peoples in democratic governance can achieve significant transformation. Drawing on thinkers such as Antonio Gramsci, Michel Foucault, and Ernesto Laclau and with a particular focus on the history of populism in India, I Am the People is a sweeping, theoretically rich account of the origins of today’s tempests. (shrink)

Social thinkers frequently remind us that people differ in their views on what constitutes personal well-being, but that even when they don't differ, they disagree over the extent to which one person's well-being can be permitted to be traded off against another's. In this paper I show, by offering an account of the development of development economics, that in professional debates on social policy, economists speak or write as though they agree on values but differ on their reading of facts. (...) A number of ethicists have concluded from this near-exclusive interest in facts that modern economics must be an ethical desert. It is shown here that the reason research economists analyze facts rather than values is that modern economics is built on broad ethical foundations, capable of being reduced as special cases to the various ethical theories that are currently on offer. Ethics has taken a back seat in modern economics not because contemporary economists are wedded to a “value-free” enterprise, but because the ethical foundations of the subject were constructed over five decades ago and are now regarded to be a settled matter. (shrink)

This paper proposes an empirical hypothesis that in some cases of social interaction we have an immediate perceptual access to others' minds in the perception of their embodied intentionality. Our point of departure is the phenomenological insight that there is an experiential difference in the perception of embodied intentionality and the perception of non-intentionality. The other's embodied intentionality is perceptually given in a way that is different from the givenness of non-intentionality. We claim that the phenomenological difference in the perception (...) of embodied intentionality and non-intentionality translates into an account of how, in some cases of social cognition, we perceive mental properties in the perception of embodied intentionality. The hypothesis derives support from a host of recent empirical studies in social neuroscience which demonstrate the importance of embodied engagements in understanding other minds. These studies reveal that embodied intersubjective interaction often builds on our ability to understand other minds in an immediate perceptual way not adequately investigated by theory-theory (TT) and simulation theories (ST) of mind-reading. We argue that there is a genuine, nontrivial difference in the informational content of the perception of embodied intentionality and the perception of non-intentionality which leads to a further difference in the way information is processed in the case of perception of embodied intentionality as opposed to the perception of non-intentionality. The full significance of such difference is appreciated only within an account of perception which views perception and action as tightly coupled. Thus, we propose an "action-oriented account of social perception" to develop a neurophilosophical account of the perceptual knowledge of other minds. (shrink)

What is the relationship between perception and action, between an organism and its environment, in explaining consciousness? These are issues at the heart of philosophy of mind and the cognitive sciences. This book explores the relationship between perception and action from a variety of interdisciplinary perspectives, ranging from theoretical discussion of concepts to findings from recent scientific studies. It incorporates contributions from leading philosophers, psychologists, neuroscientists, and an artificial intelligence theorist. The contributions take a range of positions with respect to (...) the view that perception is an achievement by an agent acting in a complex environment in which sensorimotor dynamics constitute an essential ingredient to perceptual experience. A key focus of the book is on the debate about action-oriented theories of visual perception versus the dual-visual systems hypothesis The former champions the role of sensorimotor dynamics in perceptual awareness while the latter favours a functional dichotomy between perception and action. At least on the surface, these two approaches are in conflict. Where one emphasizes the interdependence of action and perception, the other suggests that action and perception are functionally distinct. The dialogue between these two approaches brings out wider theoretical issues underlying the research paradigm of cognitive sciences and philosophy of mind. Exploring one of the major debates in the philosophy and psychology, this book is fascinating reading for all those in the cognitive sciences and philosophy of mind. (shrink)

This paper contrasts two enactive theories of visual experience: the sensorimotor theory (O’Regan and Noë, Behav Brain Sci 24(5):939–1031, 2001; Noë and O’Regan, Vision and mind, 2002; Noë, Action in perception, 2004) and Susan Hurley’s (Consciousness in action, 1998, Synthese 129:3–40, 2001) theory of active perception. We criticise the sensorimotor theory for its commitment to a distinction between mere sensorimotor behaviour and cognition. This is a distinction that is firmly rejected by Hurley. Hurley argues that personal level cognitive abilities emerge (...) out of a complex dynamic feedback system at the subpersonal level. Moreover reflection on the role of eye movements in visual perception establishes a further sense in which a distinction between sensorimotor behaviour and cognition cannot be sustained. The sensorimotor theory has recently come under critical fire (see e.g. Block, J Philos CII(5):259–272, 2005; Prinz, Psyche, 12(1):1–19, 2006; Aizawa, J Philos CIV(1), 2007) for mistaking a merely causal contribution of action to perception for a constitutive contribution. We further argue that the sensorimotor theory is particularly vulnerable to this objection in a way that Hurley’s active perception theory is not. This presents an additional reason for preferring Hurley’s theory as providing a conceptual framework for the enactive programme. (shrink)

We argue that the Aharonov-Anandan-Vaidman model, by using the notion of so-called “protective measurements,” cannot claim to have dispensed with the ldcollapse of the wave function,” because it does not succeed in avoiding the quantum measurement problem. Its claim to be able to distinguish between two nonorthogonal states is also critically examined.

This comprehensive analysis dives deep into the intricate interplay between artificial intelligence (AI) and human agency, examining the remarkable capabilities and inherent limitations of large language models (LLMs) such as GPT-3 and ChatGPT. The paper traces the complex trajectory of AI's evolution, highlighting its operation based on statistical pattern recognition, devoid of self-consciousness or innate comprehension. As AI permeates multiple spheres of human life, it raises substantial ethical, legal, and societal concerns that demand immediate attention and deliberation. The metaphorical illustration (...) of humans as “shepherds” of AI, coupled with a thought-provoking examination of “agency without intelligence,” engenders deep reflections on the future of human-AI interplay and the associated philosophical, ethical, and practical ramifications. The paper further elucidates critical challenges associated with AI, such as ethical dilemmas, “agency without intelligence,” the role of human oversight, and the environmental impact of AI technologies. In the pursuit of solutions, the paper maps prospective directions, emphasizing the need for robust AI policies, improved AI literacy, sustainable AI practices, and a continued dialogue on the multifaceted issues surrounding AI. Through a holistic exploration of AI, this paper underlines the necessity for a multidisciplinary, collaborative approach to chart an ethical, beneficial, and sustainable AI future, enabling society to harness the potential of AI responsibly while mitigating the associated risks. (shrink)

Combining a global approach with examples from everyday life, Partha Dasgupta describes the lives of two children who live very different lives in different parts of the world: in the Mid-West USA and in Ethiopia. He compares the obstacles facing them, and the processes that shape their lives, their families, and their futures. He shows how economics uncovers these processes, finds explanations for them, and how it forms policies and solutions. Along the way, Dasgupta provides an intelligent and accessible (...) introduction to key economic factors and concepts such as individual choices, national policies, efficiency, equity, development, sustainability, dynamic equilibrium, property rights, markets, and public goods. (shrink)

In opposition to mainstream theory of mind approaches, some contemporary perceptual accounts of social cognition do not consider the central question of social cognition to be the problem of access to other minds. These perceptual accounts draw heavily on phenomenological philosophy and propose that others' mental states are “directly” given in the perception of the others' expressive behavior. Furthermore, these accounts contend that phenomenological insights into the nature of social perception lead to the dissolution of the access problem. We argue, (...) on the contrary, that the access problem is a genuine problem that must be addressed by any account of social cognition, perceptual or non-perceptual, because we cannot cast the access problem as a false problem without violating certain fundamental intuitions about other minds. We elaborate the fundamental intuitions as three constraints on any theory of social perception: the Immediacy constraint; the Transcendence constraint; and the Accessibility constraint. We conclude with an outline of an account of perceiving other minds that meets the three constraints. (shrink)

Are social sciences that are indigenous to the West necessarily universal for other cultures? This collection of South Asian scholarship draws on the experiences of the region to discuss this question in depth.

This special issue targets two topics in social cognition that appear to increasingly structure the nature of interdisciplinary discourse but are themselves not very well understood. These are the notions of empathy and embodiment. Both have a history rooted in phenomenological philosophy and both have found extensive application in contemporary interdisciplinary theories of social cognition, at times to establish claims that are arguably contrary to the ones made by the phenomenologists credited with giving us these notions. But this special issue (...) is not about defending any philosophical tradition or theoretical stance against all others. It is about understanding some central aspects of the nature of our experience of other people. (shrink)

Recent data breaches underscore the importance of organizational cybersecurity. However, the high costs of such security can force chief financial officers (CFOs) to make difficult financial and ethical trade-offs that have both business and societal implications. We employ a 2 × 2 randomized experiment that varies both an observed scenario CFO’s investment decision (invest/not invest in security) and organizational outcomes (positive/negative) to investigate these trade-offs. Participant managers assess the observed CFO’s investment behavior and indicate their own intentions to invest. Results (...) indicate that when the observed scenario CFO invests in security, managers primarily follow their peers when making investment decisions. However, when the observed CFO does not invest in security, managers make their own decisions by engaging in more in-depth reasoning that includes assessment of the seriousness of consequences, as well as the ethical and societal considerations. Moderated mediation findings further deconstruct and corroborate these relationships. (shrink)

Scrutinizes a class of accounting prices that has been the object of regular misunderstanding: social discount rates. The topic is over 40 years old, yet controversy rages over matters that have long been settled, involving as they do technical economics. Many who express views on social discount rates overlook the literature and make incorrect claims. I point to a few as the occasions warrant.

Understanding cognitive effort expended during assessments is essential to improving efficiency, accuracy, and accessibility within these assessments. Pupil dilation is commonly used as a psychophysiological measure of cognitive effort, yet research on its relationship with effort expended specifically during language processing is limited. The present study adds to and expands on this literature by investigating the relationships among pupil dilation, trial difficulty, and accuracy during a vocabulary test. Participants (n = 63, Mage = 19.25) completed a subset of trials from (...) the Peabody Picture Vocabulary Test while seated at an eye‐tracker monitor. During each trial, four colored images were presented on the monitor while a word was presented via audio recording. Participants verbally indicated which image they thought represented the target word. Words were categorized into Easy, Medium, and Hard difficulty. Pupil dilation during the Medium and Hard trials was significantly greater than during the Easy trials, though the Medium and Hard trials did not significantly differ from each other. Pupil dilation in comparison to trial accuracy presented a more complex pattern, with comparisons between accurate and inaccurate trials differing depending on the timing of the stimulus presentation. These results present further evidence that pupil dilation increases with cognitive effort associated with vocabulary tests, providing insights that could help refine vocabulary assessments and other related tests of language processing. (shrink)

Examples are worked out using a new equation proposed in the previous paper to show that it has new physical predictions for mesoscopic systems.

It is shown that below the threshold of pair creation, a consistent quantum mechanical interpretation of relativistic spin-0 and spin-1 particles (both massive and mussless) ispossible based an the Hamiltonian-Schrödinger form of the firstorder Kemmer equation together with a first-class constraint. The crucial element is the identification of a conserved four-vector current associated with the equation of motion, whose time component is proportional to the energy density which is constrainedto be positive definite for allsolutions. Consequently, the antiparticles must be interpreted (...) as positive-energy states traveling backward in time. This also makes it possible to define hermitian position operators with localized eigensolutions (δ-functions) as well as Bohmian trajectories for bosons. The exact theory is obtained by “second quantization” and is mathematically completely equivalent to conventional quantum field theory. The classical field emerges in the high mean number limit of coherent states of the exact theory. The formalism provides a new basis for computing tunneling times for photons and chaotic phenomena in optics. (shrink)

Since the publication of Premack and Woodruff’s classic paper introducing the notion of a ‘theory of mind’ :515–526, 1978), interdisciplinary research in social cognition has witnessed the development of theory–theory, simulation theory, hybrid approaches, and most recently interactionist and perceptual accounts of other minds. The challenges that these various approaches present for each other and for research in social cognition range from adequately defining central concepts to designing experimental paradigms for testing empirical hypotheses. But is there any approach that promises (...) to dominate future interdisciplinary research in social cognition? Is social cognition witnessing a gradual paradigm shift where hitherto grounding notions such as theory of mind are no longer viewed as explanatorily necessary? Or have we simply lost our way in attempting to devise adequate experimental setups that could sway the debate in favour of one of the contending accounts? This special issue addresses these questions in an attempt to discover what the future holds for interdisciplinary research in social cognition. (shrink)

In Human Well-Being and the Natural Environment, Partha Dasgupta explores ways to measure the quality of life. In developing quality-of-life indices, he pays particular attention to the natural environment, illustrating how it can be incorporated, more generally, into economic reasoning in a seamless manner. Professor Dasgupta puts the theory that he develops to use in extended commentaries on the economics of population, poverty traps, global warming, structural adjustment programmes, and free trade, particularly in relation to poor countries. The result (...) is a treatise that goes beyond quality-of-life measures and offers a comprehensive account of the newly emergent subject of ecological economics.With the publication of this new paperback edition, Professor Dasgupta has taken the opportunity to update and revise his text in a number of ways, including developments to facilitate its current use on a number of gradate courses in environmental and resource economics. The treatment of the welfare economics of imperfect economies has been developed using new findings, and the Appendix has been expanded to include applications of the theory to a number of institutions, and to develop approximate formulae for estimating the value of environmental natural resources. (shrink)

The sensorimotor theory (Noe¨, 2004, in press) discusses a special instance of lack of perceptual experience despite no sensory impairment. The phenomenon dubbed “experiential blindness” is cited as evidence for a constitutive relation between sensorimotor skills and perceptual experience. Recently it has been objected (Adams & Aizawa, 2008; Aizawa, 2007) that the cases described by Noe¨ as experiential blindness are cases of pure sensory deficit. This paper argues that while the objections bring out limitations of Noe¨’s sensorimotor theory they do (...) not do enough to challenge a robust perception–action interdependence claim. There are genuine cases of experiential blindness and these are better explained by the hypothesis of the interdependence of perception and action rather than by a passive vision approach. The cases provide support for a strong thesis of embodied cognition where ongoing sensorimotor dynamics non-trivially constrain perceptual content. (shrink)

Linguists intuitions about language change can be captured by adynamical systems model derived from the dynamics of language acquisition.Rather than having to posit a separate model for diachronic change, as hassometimes been done by drawing on assumptions from population biology (cf.Cavalli-Sforza and Feldman, 1973; 1981; Kroch, 1990), this new modeldispenses with these independent assumptions by showing how the behavior ofindividual language learners leads to emergent, global populationcharacteristics of linguistic communities over several generations. As thesimplest case, we formalize the example of (...) two grammars and show that eventhis situation leads directly to a nonlinear (quadratic) dynamical system.We study this one parameter model in a variety of situations for differentkinds of acquisition algorithms and maturational times, showing howdifferent learning theories can have very different evolutionaryconsequences. This allows us to formulate an evolutionary criterion for theadequacy of grammatical and learning theories. An application of thecomputational model to the historical loss of Verb Second from Old French toModern French is described showing how otherwise adequate grammaticaltheories might fail the evolutionary criterion. (shrink)

In this paper we address the epistemological debate between emerging perceptual accounts of knowing other minds and traditional theory of mind approaches to the problem of other minds. We argue that the current formulations of the debate are conceptually misleading and empirically unfounded. Rather, the real contribution of PA is to point out a certain ‘immediacy’ that characterizes episodes of mindreading. We claim that while the intuition of immediacy should be preserved for explaining the nature and function of some cognitive (...) processes of mindreading, the notion of immediacy should apply for describing a particular epistemic attitude and not a particular type of epistemic access. We draw on Wittgenstein's discussions of one's relation to other minds to elaborate our claims and to move the epistemological discussions beyond stalling debates between ToM and PA. (shrink)

In developing the basis on which climate change should be priced, I do five things. First, I review the ethical foundations for valuing future consumption relative to present consumption (i.e. social discount rates). Second, I report that the criterion for both assessing and prescribing economic policies should not be an economy's GDP, but an inclusive measure of an economy's wealth adjusted for the distribution of wealth. Third, I apply the resulting analysis to the problem of pricing carbon concentration in the (...) atmosphere. I give prominence to future uncertainties. Fourth, I show that the existing models of human behaviour on the basis of which these questions have been analysed by economists have serious deficiencies, in as much as the idea of personhood embodied in them has been built on the psychology of confirmed egotists. Fifth, I sketch the motivations of a social being and show how the altered specification of the human person affects the social price of climate change. (shrink)

Develops the concept of sustainable development and shows how it is related to the maintenance of social well‐being through time. It is shown that wealth, estimated in terms of accounting prices, serves admirably as an index of well‐being over time and across generations. A country's wealth measures the social worth of its capital assets. The notion of wealth developed here is a comprehensive one, including in it the social worth of manufactured and human capital, public knowledge, and natural capital. Given (...) that movements in wealth over time measure movements in social well‐being, the object of study is then shown to be genuine investment, the social worth of net changes in an economy's capital assets. Thus, ensuring that social well‐being is sustainable involves taking care that the economy's assets are managed well. The theory is also put to work on contemporary data from the poorest countries in the world. Movements in the wealth of nations present a vastly different picture from the one gleaned from the two most popular measures of social well‐being. A substantial reassessment of the post‐war development experience among poor countries is now needed if sustainable development is to be anything more than a slogan at national and international conferences. (shrink)

[opening paragraph]: Dr. Ramachandran is a distinguished researcher in the field of cognitive neuroscience whose work is grounded in impressive clinical data. As a scientific materialist, he has provided powerful arguments against the metaphysical notion of the ‘self', suggesting that our consciousness is really a biological function of the brain. He and his collaborator, William Hirstein, have now turned to human artistic activity, putting forward the argument that it is essentially a product of neural mechanism. They employ the experimental ‘peak (...) shift effect’ to sustain this hypothesis. The experiment demonstrates that a rat's cognitive achievements are related to the reward it receives for discriminating different shapes. Applying this principle to human responses to the visual image, they argue that certain simplified and exaggerated images, as for instance, caricature, appeal to our emotions and have the innate ability to give us pleasure. Furthermore, the binding of correlated features creates unitary objects that provide further grounds for aesthetic appeal. This is because, given our limited ability to concentrate, the most appealing art is one that produces heightened activity within a single dimension. (shrink)