Sociologists, economists, historians, anthropologists, political theorists, and literary critics have all turned their attention to the study of capitalism. But philosophers remain much less engaged. Why is this? And what could philosophy bring to the study of capitalism? Could it help in the development of a general theory? My main argument here is that philosophy does have an important role to play in the study of capitalism, particularly if we want to develop a general theory. Philosophers must describe something that (...) is peculiar to capitalism, in philosophical terms, which has not been explained by sociological, economic, or psychological means. This subject matter does exist: it is the nature of rationality within capitalism. I suggest that this can best be explained by using the theory of the space of reasons, which helps to show how rational human practices shape social and economic institutions, and how our form of rationality is in turn shaped by those practices and institutions. (shrink)

In Japan, income, authority, and prestige are unequally distributed between men and women, even if they share the same occupational level. These inequalities are perceived as an ethical issue because they go against the principle of equal treatment at work. Nowadays, Japanese companies are under growing political and regulatory pressure to increase the hiring, promotion, and empowerment of female employees. In this context, the first equity index that tracks the financial performance of the best Japanese companies in terms of gender (...) diversity performance—the MSCI Japan Empowering Women Index —was launched in 2010. It aims to satisfy the growing demand of investors who want to reduce gender discrimination in Japanese workplaces. This paper compares the financial performance of the WIN stock index to the conventional parent index over the period 2010–2018, offering a unique setting to assess the effects of gender diversity screens on portfolio risk-adjusted performance. Our results are robust to a battery of risk-adjusted performance indicators and clearly indicate that investing in the WIN equity index does not come at a cost compared to investing in its conventional peer. This evidence is expected to reinforce confidence of investors who have an appetite for justice in increasing their investment in financial products that support the participation and the advancement of women in the Japanese workforce. (shrink)

ABSTRACT:Programs aimed at increasing women’s entrepreneurship are a rapidly proliferating class of CSR initiatives across the globe with participation by many of the world’s largest corporations. The gendered nature of this phenomenon suggests that feminist approaches to CSR may offer a particularly salient mode of their analysis. In this article, I argue that insights from feminist economics regarding the historically prevalent—but narrow and gendered—definition of work, which artificially separates production from reproduction, provide fruitful tools for theory building when conceptualizing gender (...) through the lens of CSR. I demonstrate that the gendered separation of production and reproduction is typicallytaken as givenin entrepreneurship, and that mainstream CSR research has not sufficiently challenged this perspective. I present a conceptual framework of what is to be gained by examining the CSR, entrepreneurship, and feminist economics literatures in combination, and demonstrate how researchers might use this framework for future research. (shrink)

Sociologists, economists, historians, anthropologists, political theorists, and literary critics have all turned their attention to the study of capitalism. But philosophers remain much less engaged. Why is this? And what could philosophy bring to the study of capitalism? Could it help in the development of a general theory? My main argument here is that philosophy does have an important role to play in the study of capitalism, particularly if we want to develop a general theory. Philosophers must describe something that (...) is peculiar to capitalism, in philosophical terms, which has not been explained by sociological, economic, or psychological means. This subject matter does exist: it is the nature of rationality within capitalism. I suggest that this can best be explained by using the theory of the space of reasons, which helps to show how rational human practices shape social and economic institutions, and how our form of rationality is in turn shaped by those practices and institutions. (shrink)