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Pascal Engel investigates how outside directors are incentivized in family firms that are publicly listed but still partly owned by members of the founding family. Owning families significantly influence their firms' corporate conduct with their own set of goals, sometimes in conflict with economically driven goals of the capital markets. The author analyzes how family shareholders exert their influence on compensation schemes of outside directors who have the difficult task to protect the interests of family and non-family shareholders. This book provides insights on current approaches of...

(1) Beliefs are involuntary, and not nonnally subject to direct voluntary control. For instance I cannot believe at will that my trousers are on fire, or that the Dalai Lama is a living God, even if you pay me a large amount of money for believing such things. (2) Beliefs are nonnally shaped by evidence for what is believed, unless they are, in some sense, irrational. In general a belief is rational if it is proportioned to the degree of evidence that one has for its truth. In this sense, one often says that "beliefs aim at truth" . This is why it is, on the face of it, irrational to believe...

What is truth? What value should we see in or attribute to it?

The war over the meaning and utility of truth is at the center of contemporary philosophical debate, and its arguments have rocked the foundations of philosophical practice. In this book, the American pragmatist Richard Rorty and the French analytic philosopher Pascal Engel present their radically different perspectives on truth and its correspondence to reality.

Rorty doubts that the notion of truth can be of any practical use and points to the preconceptions that lie behind truth in both the intellectual and social...