The study explores the challenges UK-based institutional investors face when trying to monitor investee companies and influence their social, environmental, and governance practices. Consistent with previous research, I find that misalignment of interests within the investment chain and dispersed ownership are factors which inhibit investor activism. However, other underexplored challenges include lack of investee company transparency and investor experience in activism, as well as low client demand for engagement and internal conflicts of interest. The results contribute to the literature on (...) institutional investor activism by using direct empirical evidence to systematically discuss the challenges to stewardship. Given the intensification of media and regulatory attention on shareholders in the post-global financial crisis era, coupled with investors’ growing awareness and practice of stewardship, the research opens new avenues for enquiry which go beyond the on-going debate about the monitoring versus short-termism roles of institutional investors. (shrink)

R.I.G. Hughes presents a series of eight philosophical essays on the theoretical practices of physics. The first two essays examine these practices as they appear in physicists' treatises (e.g. Newton's Principia and Opticks ) and journal articles (by Einstein, Bohm and Pines, Aharonov and Bohm). By treating these publications as texts, Hughes casts the philosopher of science in the role of critic. This premise guides the following 6 essays which deal with various concerns of philosophy of physics such as laws, (...) disunities, models and representation, computer simulation, explanation, and the discourse of physics. (shrink)

This volume of recent writings, some previously unpublished, follows the sequence of a typical intermediate or upper-level logic course and allows teachers to enrich their presentations of formal methods and results with readings on corresponding questions in philosophical logic.

Probability kinematics is the theory of how subjective probabilities change with time, in response to certain constraints . Rules are classified by the imposed constraints for which the rules prescribe a procedure for updating one's opinion. The first is simple conditionalization , and the second Jeffrey conditionalization . It is demonstrated by a symmetry argument that these rules are the unique admissible rules for those constraints, and moreover, that any probability kinematic rule must be equivalent to a conditionalization preceded by (...) a determination of the values x i to be given to the members of such a partition. Next two rival rules which can go beyond such conditionalization are described. INFOMIN and MTP . Their properties are investigated and compared. (shrink)

Molinism attempts to resolve the incompatibility of divine foreknowledge and human libertarian freedom by the inclusion of the divine will into the solution. Moreover, middle knowledge is providentially useful under the Molinist model because of the way God uses it. This speaks of an integral link between the divine will and intellect that works in such a way as to provide a foreknowledge solution and, allegedly, the best view of providence. Nevertheless, there have been several anti-Molinist arguments by analogy which (...) suggest that the God presented in the Molinist model is a manipulator, and therefore something is lost or undermined in the libertarian freedom that Molinism purports to uphold through its model of foreknowledge and providence. This thesis examines the anti-Molinist charge of manipulation primarily by analysing how God uses information known through middle knowledge. The findings of the anti-Molinist arguments from analogy are reconstructed to form deductive arguments. These are evaluated against standard definitions of objectionable manipulation. It is concluded through analysis of these stronger, deductive arguments that divine providence under the Molinist model is a case of objectionable manipulation, one which many theists, classical or progressive, should find abhorrent. The effects of manipulation on ostensible libertarian freedom are then analysed, leading to the conclusion that Molinist-style manipulation results in a form of free-will compatibilism, ergo, the divine foreknowledge problem is not answered, nor is the result compatible with libertarian freedom. Given that it is close to a form of divine determinism, Molinism is then compared with Calvinism along several lines of criticism, namely whether such a God is good, loving and personal. (shrink)

R.I.G Hughes offers the first detailed and accessible analysis of the Hilbert-space models used in quantum theory and explains why they are so successful.

One problem with assessing quantum logic is that there are considerable differences between its practitioners. In particular they offer different versions of the set of sentences which the logic governs. On some accounts the sentences involved describe events, on others they are ascriptions of properties. In this paper a framework is offered within which to discuss different quantum logical interpretations of quantum theory, and then the works of Jauch, Putnam, van Fraassen and Kochen are located within it.

Contributed articles on literary theory.

During the second half of the XX century drug addiction ceased to be only the epiphenomenon of crime, prostitution and a number of other social-relations deviation, and became a constant value of post-industrial society and at the end of XX century turned into a global problem of mankind. A new form of mass neurosis shows that drug dependence is nowadays socially conditioned mental degeneration, caused by activation of unconscious collective archetypes that are experienced depending on the corresponding situation. The identification (...) of the sacred plant soma/haoma with the marihuana enables us to not only to make clear the light and the dark sides of this archetype, but also to figure out that the reduction of the drug addiction problem, to the acceptable for the society level, is possible only if a man will be able to satisfy his “life-asserting, vital needs”, if he will be able to regain the true meaning of life. (shrink)

Group size is a function of relative neocortical volume in nonhuman primates. Extrapolation from this regression equation yields a predicted group size for modern humans very similar to that of certain hunter-gatherer and traditional horticulturalist societies. Groups of similar size are also found in other large-scale forms of contemporary and historical society. Among primates, the cohesion of groups is maintained by social grooming; the time devoted to social grooming is linearly related to group size among the Old World monkeys and (...) apes. To maintain the stability of the large groups characteristic of humans by grooming alone would place intolerable demands on time budgets. It is suggested that (1) the evolution of large groups in the human lineage depended on the development of a more efficient method for time-sharing the processes of social bonding and that (2) language uniquely fulfills this requirement. Data on the size of conversational and other small interacting groups of humans are in line with the predictions for the relative efficiency of conversation compared to grooming as a bonding process. Analysis of a sample of human conversations shows that about 60% of time is spent gossiping about relationships and personal experiences. It is suggested that language evolved to allow individuals to learn about the behavioural characteristics of other group members more rapidly than is possible by direct observation alone. (shrink)

Open peer commentary on the target article “How and Why the Brain Lays the Foundations for a Conscious Self” by Martin V. Butz. Excerpt: Surprisingly, the paper entirely neglects the issue of the dynamic properties of our environment. Focusing on (static, inanimate) objects only, it fails to acknowledge that anticipation becomes especially relevant when things around us change without being under our control: this is when we are forced to adapt quickly to new circumstances. To estimate as precisely as necessary (...) what will when be where is of vital meaning. Surprisingly though, this issue is not addressed at all. Although it is acknowledged that the environment contains dynamics that are to be predicted somehow (§3) and that have to be represented in the brain somehow (§28), concepts about and empirical data on the prediction of external events are not dealt with further. (shrink)