What are the respective effects of a unit increase in money demand on real exchange rate and current account, all else equal? The is known to appreciate, but account need not deteriorate, as canonical Marshall Lerner condition instead seems suggest. As this work presents, deteriorates by virtue appreciation due fall supply, equal, vice versa; it further specifies that improves rise demand, versa.

A major challenge of literature is that it is stubbornly indeterminate. Both a vice and a virtue, the indeterminateness of literary language has acquired the status of an impasse, one which was perhaps most directly and resolutely faced by Jean-Paul Sartre and Stéphane Mallarmé. The question of whether the indeterminateness of literary language is a vice or a virtue, however, has rarely been tr...

Recent worries about possible epiphenomenalist consequences of nonreductive physicalism are misplaced, not, as many have argued, because nonreductive physicalism does not imply epiphenomenalism but because the epiphenomenalist implication is actually a virtue of the theory, rather than a vice. It is only by showing how certain kinds of mental properties are causally impotent that cognitive scie...

This paper sheds light on the views of Mulla Sadra about virtue and action. The main question is how he explains the relationship, if any, between virtue and action. Mulla Sadra defines moral virtue as a settled inner disposition by which one acts morally, without need for any reflection or deliberation. This study seeks to explain how, according to Mulla Sadra, a virtue motivates the agent and...

Abstract Nothing reveals the differences between an internal (i.e., inherently pedagogical) reflection on educational processes and external derived from a philosophical, sociological, psychological, theological or other perspective) more clearly than differing attitudes towards alienation. Looked at outside pedagogical context, alienation appears only negative, deserving nothing but contempt r...