Search results
Results from the WOW.Com Content Network
Legalism is a Chinese political philosophy that holds that self-interest underlies human nature and therefore human behavior. [1] It is axiomatic in Legalism that a government can not truly be staffed by upright and trustworthy men of service, because every member of the elite—like any member of society—will pursue their own interests and thus must be employed for their interests. [2]
In contrast to enlightened self-interest is simple greed, or the concept of "unenlightened self-interest", in which it is argued that when most or all persons act according to their own myopic selfishness, the group suffers loss as a result of conflict, decreased efficiency and productivity because of lack of cooperation, and the increased expense each individual pays for the protection of ...
Self-Interest can encourage individuals to make decisions that will benefit themselves overall. Homans once summarized the theory by stating: Social behavior is an exchange of goods, material goods but also non-material ones, such as the symbols of approval or prestige.
The Gesellschaft is associated with modern society and rational self-interest, which weakens the traditional bonds of family and local community that typify the Gemeinschaft. Max Weber, a founding figure in sociology, also wrote extensively about the relationship between Gemeinschaft and Gesellschaft. Weber wrote in direct response to Tönnies.
The research of social preferences in economics started with lab experiments in 1980, where experimental economists found subjects' behavior deviated systematically from self-interest behavior in economic games such as ultimatum game and dictator game. These experimental findings then inspired various new economic models to characterize agent's ...
Individualism is the moral stance, political philosophy, ideology, and social outlook that emphasizes the intrinsic worth of the individual. [1] [2] Individualists promote realizing one's goals and desires, valuing independence and self-reliance, and advocating that the interests of the individual should gain precedence over the state or a social group, while opposing external interference ...
For example, a five-year loan of $1,000 with simple interest of 5 percent per year would require $1,250 over the life of the loan ($1,000 principal and $250 in interest).
[4] The moral censure of self-interest is a common subject of critique in egoist philosophy, with such judgments being examined as means of control and the result of power relations. Egoism may also reject that insight into one's internal motivation can arrive extrinsically, such as from psychology or sociology , [ 1 ] though, for example, this ...