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The Implications of Self-Interest

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  • Trudi C. Miller

Abstract

Consistent application of the assumption that individuals are motivated by self-interest leads to a populist policy prescription today. To increase political freedom under conservative (limited) democracy - and rates of economic growth under competitive capitalism - it is necessary to distribute income (money) directly to workers. Adam Smith's dual definition of self-interest (in terms of self-serving passions, as well as self-serving economic rationality) provides the primary basis for this policy prescription. Empirical support for Smith's dual definition of self-interest is provided by 20th-century findings on the structure and evolution of the human brain

Suggested Citation

  • Trudi C. Miller, 1992. "The Implications of Self-Interest," Journal of Theoretical Politics, , vol. 4(4), pages 395-412, October.
    • Handle: RePEc:sae:jothpo:v:4:y:1992:i:4:p:395-412
    DOI: 10.1177/0951692892004004002
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    References listed on IDEAS

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    1. Richard Jankowski, 1990. "Punishment in Iterated Chicken and Prisoner's Dilemma Games," Rationality and Society, , vol. 2(4), pages 449-470, October.
    2. Walker, Jack L., 1966. "A Critique of the Elitist Theory of Democracy," American Political Science Review, Cambridge University Press, vol. 60(2), pages 285-295, June.
    3. Russell Hardin, 1991. "Acting together, Contributing together," Rationality and Society, , vol. 3(3), pages 365-380, July.
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