Individual and Self-Interest in Adam Smith's Wealth of Nations
Stefano Fiori
Cahiers d’économie politique / Papers in Political Economy, 2005, issue 49, 19-31
Abstract:
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.
JEL-codes: B12 B31 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:cpo:journl:y:2005:i:49:p:19-31
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