Individual and Self-Interest in Adam Smith's Wealth of Nations
The aim of this essay is to describe the concept of self-interest and show how it relates to the idea of the individual as an economic agent, focusing only on Smith's Wealth of Nations. Self-interest is analysed from three different perspectives that highlight its conceptual complexity. The implication of the analysis is that modification must be made to the view that self-interest is a homogeneous and transparent principle, able to guide individuals' actions, and characterized by a set of features commonly shared by the majority.
Volume (Year): (2005)
Issue (Month): 49 ()
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