According to economists, economic self-interest: is a reality that underlies economic behavior. has the same meaning as selfishness. is usually self-defeating. means that people never make wrong decisions.
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This means that individuals and businesses make decisions based on what they believe will benefit them economically. Show more…
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analyze the motivations behind some of the decisions you have made and the actions you have taken, and try to determine the extent to which you are motivated by self-interest. Have you ever done what might be called a purely altruistic act? Does this analysis of motivation lead you to believe that psychological egoism is an accurate description of how human beings live their lives? To what extent do you think people make their moral decision based on ethical egoism? What is meant by taking the "moral point of view."? Give specific examples.
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