What are some common examples of rational self-interest being compatible with with social interest?
I guess that the Ameircan health care system might be the best and most obvious answer, but what are some others? Can it not also be said while private health care in the U.S. is costly and not accessible to everyone, it is also the highest quality of health care available in the world? Thus, while maximizing their private gain, the doctors in the U.S. actually maximize the quality of health care services received by the society.
Asked By: jaden404 - 1/22/2008
Best Answer - Chosen by Asker
In a capitalist society, most of the things we need we buy, and and in the eyes of mainstream economics, everything on the market is available to us largely because of people pursuing self-interest. The classic expression of this idea is this quote from Adam Smith: "It is not from the benevolence of the butcher, the... More
Answered By: dowcet - 1/22/2008
Additional Answers (1)
"Rational" people are usually discussed int he context of game theory. What "game" could people play selfishly and still benefit everyone... More
Answered By: The Sky Has Fallen - 1/22/2008
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