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Exact(2)
Individual self interest does not always benefit society, he argues, and draws on a deep pool of research (what he calls "reality-based economics") to support his case.
Ipsos Mori is right to conclude its research by taking a swipe at government laissez-faire approaches and individual self interest: "Leaving too much to market forces and hoping that nimbyism won't prevail is unlikely to be enough to take us beyond crisis talk".
Similar(58)
Instead, there is, she argued, only "I" and my individual self-interest.
So the pursuit of individual self-interest leads to a loss for everyone.
When there's no ownership, the pursuit of individual self-interest can make everyone worse off.
This is another case where individual self-interest militates against an economically efficient collective solution.
For them, pursuit of the common good was all about pursuit of individual self-interest.
Although they collectively are better off if neither cooperates, their individual self-interest dictates cooperation.
In the age of polarization, however, individual self-interest is only part of the argument.
Collective follies are still follies if you can trace them to individual self-interest.
A world organised for the play of individual self-interest looks more and more prone to manic tribalism.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com