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Psychological egoism is the view that humans are always motivated by self-interest and selfishness, even in what seem to be acts of altruism. It claims that, when people choose to help others, they do so ultimately because of the personal benefits that they themselves expect to obtain, directly or indirectly, from doing so.
Stirner's egoism is centered on what he calls Eigenheit ('Ownness' or autonomy). This 'Ownness' is a feature of a more advanced stage of human personal and historical development. It is the groundwork for our world-view. Stirner's Egoism is a descriptive psychological egoist, though he differentiates between conscious and involuntary egoism.
Psychological egoism explains all scenarios entirely in terms of selfish motivations (e.g., that acting for one's own purposes is an act of self-interest); however, critics charge that in doing so they are redefining selfishness to the point where it encompasses all motivated actions and thus makes the term meaningless.
The Stanford Encyclopedia of Philosophy states that "ethical egoism might also apply to things other than acts, such as rules or character traits" but that such variants are uncommon. [2] Furthermore, conditional egoism is a consequentialist form of ethical egoism which holds that egoism is morally right if it leads to morally acceptable ends. [1]
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 Keynesian macroeconomics, the Fundamental Psychological Law underlying the consumption function states that marginal propensity to consume (MPC) and marginal propensity to save (MPS) are greater than zero(0) but less than one(1) MPC+MPS = 1 e.g. Whenever national income rises by $1 part of this will be consumed and part of this will be saved
The historical antecedents of law and economics can be traced back to the classical economists, who are credited with the foundations of modern economic thought.As early as the 18th century, Adam Smith discussed the economic effects of mercantilist legislation; later, David Ricardo opposed the British Corn Laws on the grounds that they hindered agricultural productivity; and Frédéric Bastiat ...
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 ...