Contract or War? On the Consequences of a Broader View of Self-Interest in Economics

Michelle Garfinkel and Stergios Skaperdas

Working Papers from California Irvine - School of Social Sciences

Abstract: The first principle of Economics is that every agent is actuated only by self-interest. The workings of this principle may be viewed under two aspects, according as the agent acts without, or with, the consent of others affected by his actions. In wide senses, the first species of action may be called war, the second, contract.

Keywords: WAR; SOCIAL CHOICE; MOTIVATION (search for similar items in EconPapers)
JEL-codes: D74 D80 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2000
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Citations: View citations in EconPapers (12)

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Journal Article: Contract or War? On the Consequences of a Broader View of Self-Interest in Economics (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:calirv:99-00-12

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