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 ?
He asserts that on pure reason', a weak group or society would never be able to convince or compel the other group or a nation to forego its power, privileges and self-interest except through the use or threat of use of matching power.
Ethically, counselors are not to allow their needs or self-interests to impede the client's growth (Corey, Corey, & Callanan, 2007).
Compromise is a feature so sadly lacking throughout an industry in which intransigence, vested and self-interests are so frequently causing many of the current stalemates, frustrations and blatantly unbalanced decisions.
He also berated Mian Shahbaz Sharif for changing tracks according to PML-Ns self-interests, and while replying to a question regarding discreet talks of Mian Shahbaz Sharif in Rawalpindi, he termed these talks for the sake of self interest, in which Chaudhry Nisar Ali was equally involved, while masses stood to gain nothing.
He also berated Mian Shahbaz Sharif for changing tracks according to PML-N's self-interests, and while replying to a question regarding discreet talks of Mian Shahbaz Sharif in Rawalpindi, he termed these talks for the sake of self interest, in which Chaudhry Nisar Ali was equally involved, while masses stood to gain nothing.
Speaking at the Council of Foreign Relations, a US think tank, Qureshi said was in Pakistan's self-interests to maintain a cordial relationship with India.
Everyone else in the world is assumed to be a predator on one's self-interests.
A close reading of WN shows Smith to be explaining an important principle of socialization: appealing to others' self-interests encourages economic cooperation.
Guided by self-interests, an email address authorization scheme is claimed to be an essential element needed to curtail abuse and thus protect recipients.
Employees must learn how to juggle and deal with power and self-interests to become successful.
We know from fifty years of social science research that parties and candidates can persuade people to vote against their apparent self-interests.
Underneath the lowering of diplomatic decibels there is the convergence of a set of American policies and certain European self-interests long neglected by the post-Cold War European leadership.