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 ?
In experiments, Detert, Martin and their colleagues showed that when participants were aware of people who would be harmed by their choices, they were less likely to make a self-interested choice.
The moral thing to do for Bonnie or Clyde also happens to be the supposedly self-interested and morally dubious thing: to defect on one's partner.
The "my own-ness" of the action, the desire that motivates it, makes it egoistic and self-interested, just not necessarily in an ugly, selfish way.
Continue reading "Jews Fled Russia to Escape Poverty, Oppression, and Czarist Edictsand their Own Self-Interested Communal Leaders" at...
By pointing out that humans are not the self-interested lightning calculator of modern economic models, she believes she has undermined the case for the market, with the Great Recession being Exhibit A.
it is in my view unethical to potentially inflict harm to patients in pursuit of what is a self-interested campaign.
People are self-interested. At the same time, Smith recognizes no "man of humanity" would ever choose a finger over the lives of thousands.
Prof Petersen, of Aarhus University in Denmark, said: "Physically strong males pursue the self-interested position on redistribution of wealth.
Of those participants that preferred to keep the bonus money - the self-interested outcome - the participants who believed that the computer made the choice felt better than those who believed that they had made the choice, even though all of the participants had originally said that they would prefer to keep the money.
Later, he established that the self-actualizing individuals were both altruistic and self-interested (Maslow, 1970).
This is yet another example in which strong and knowledgeable leadership is required that does not bend to the current much-used tactics of self-interested bullyboy threats made without consideration for the broader interests of racing.
Smith does not investigate about the cause of sympathy, he assumes it empirically, stressing that it is an original sentiment of human nature (40), that "it is often excited so directly and immediately that it cannot reasonably be derived from self-interested affection, that is, from self-love" (41).