How does egoism sync with the philosophies of Adam Smith and Ayn Rand?

What will be an ideal response?


Egoism is at the heart of both Adam Smith’s and Ayn Rand’s theories with some
slight differences between each. Both philosophers believed that egoism is a natural--and noble--characteristic of the human condition and that under the right circumstances, pursuit of self-benefit will result in greater happiness and societal welfare for all, or almost all. Adam Smith didn’t believe that pursuing self-interest meant that a person was selfish, only that it was natural to take into account one’s own welfare. Rand takes a more absolutist view, arguing that people should pursue self-interest at all costs without concern for common welfare and abhorring governments that seek to promote common welfare. Even so, she believed that this relentless pursuit of egoistic self-interest would improve overall society.

Business

You might also like to view...

The presence of tattoos suggests social outcasts universally, based on

A. a primitive human desire to change, and thus, control the body. B. a universal aesthetic. C. their use in Japan by the Yakuza. D. nothing, because this statement is not accurate.

Business

Hunter has had a bit of bad luck. He was racing to get to his new job on time and got into a car accident instead. He knew that he would no longer get to keep his new job because his car was totaled. Hunter thought to himself that something must not have wanted him to work with Jiffy Pizza Delivery and there was nothing that he could have done to change his fate. Hunter has which kind of locus of control?

a. External b. Posterior c. Internal d. Exterior

Business

Use a book-shelf analogy to explain the classification job evaluation method.

What will be an ideal response?

Business

Describe the four things that are necessary to promote the partnership idea between the project manager and the team

What will be an ideal response?

Business