self-interest

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self-interest

the belief that individuals are the best judges of their own interests and should be left to make decisions themselves as customers, employees or entrepreneurs. Self-interest provides a justification for PRIVATE-ENTERPRISE ECONOMIES, which use the PRICE SYSTEM to allocate resources. Compare PATERNALISM, CENTRALLY PLANNED ECONOMIES.
References in periodicals archive ?
We must clearly sympathise with those MPs representing the Labour Party who are prepared to put self interest first and foremost, and who are prepared to sacrifice both their party and the needs of the country who demand a credible Opposition Labour Party, and who have demonstrated their willingness to be party to deceit and an attempted Regime Change.
Perhaps Mr Shooter could expand on his own self interest as the chief of a railway company and whether his or related group companies will be bidding for operating contracts on the new line?
If that's the case then the decision has been taken on grounds of pure self interest with no thought given to the game's well- being.
Your August 2001 interview with Steve Ballmer, CEO of Microsoft, illustrated the fact that no matter who the president of a country is, they only care about their own self interest.
Ruscio (1996, 464), for example, states clearly that "the decline in trust is due to the growing perception that elected officials, administrators, and citizens seek to maximize their self interest.
In addition, although some involve conscious acts by an auditor in his or her own self interest, others may result from subconscious biases.
Perhaps Act Now's biggest howler is, "Environmentalists differ from private companies in that there is no direct self interest in our message.
Singer believes that there are too many people motivated mainly by greed and narrow self interest.