Question
In economics, we assume people are rational, and rational people are self-interested. Explain the concept of self-interest, and how it is different from the word
In economics, we assume people are rational, and rational people are self-interested. Explain the concept of self-interest, and how it is different from the word "selfish" in its common use. If we assume everyone in society is self-interested, wouldn't that make the pursuit of self-interest bad for the interest of society as a whole?
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Public Administration And Law
Authors: David H Rosenbloom, Rosemary O'Leary, Joshua M Chanin
3rd Edition
1439803986, 9781439803981
