Throughout the years, economists have studied self-interest and the behaviors of rational self-interest to help develop theories and assumptions for the economy. An Inquiry Into the Nature and Causes of the Wealth of Nations, p.33. In general, it refers to individual actions and behaviors that provoke positive personal benefits. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. Self-interest can be both a psychological and economic term. Many people criticize self-interest since it can often lead to corruption and cheating if government regulations do not keep it in check.Fresh features from the 1 AI-enhanced learning platform. ![]() A nation will naturally accumulate wealth over time if it divides and assigns essential labor to its citizens and taxes individual. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |