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 classic literature ?
"Excuse me," Sergey Ivanovitch interposed with a smile, "self-interest did not induce us to work for the emancipation of the serfs, but we did work for it."
"I imagine," he said, "that no sort of activity is likely to be lasting if it is not founded on self-interest, that's a universal principle, a philosophical principle," he said, repeating the word "philosophical" with determination, as though wishing to show that he had as much right as any one else to talk of philosophy.
I think I have noticed that they have an inconsistent way of speaking about her, as if she had made some great self-interested success in marrying Mr Gowan, though, at the same time, the very same people, would not have dreamed of taking him for themselves or their daughters.
Whether out of compassion for them, or in furtherance of his own self-interests, it would be difficult to say.
Thus Louis XIII had a real liking for Treville--a royal liking, a self-interested liking, it is true, but still a liking.
These power hungry elitist groups worked in their self-interest be-fooling people of Pakistan repeatedly.
Summary: Lucknow (Uttar Pradesh) [India], Aug 4 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Sunday said that literature based on self-interest and lack of national values is dangerous and leads to the downfall of society.
'I would say, country first before self-interest,' he added.
While the country's economy is in a deep crisis, most Pakistani businessmen do not seem to be ready to sacrifice their self-interest for Pakistan's case.
Says Detert, "Because it's very hard to consistently catch ourselves from morally disengaging, people who really want to avoid these cognitive traps create systems that involve others - lists of common rationalizations on office walls, a trusted co-worker who confronts them when they hear a rationalization, a group decision-making process that includes at least one person who has no self-interest in the decision (and is thus less likely to morally disengage about it)."
The temptations in the desert at the start of His ministry reveal to us Jesus' fundamental option as against the self-interest the devil blandly tried to entice Him with (Luke 4:1-13).
Kristina Booker here makes a fresh and useful contribution to the discussion, focusing on literary representations of servants, with the ambitious goal of linking servant characters in the novel to larger debates about self-interest in economics and society.