Crane & Matten (2010/16) - Consequentialist Theories - Egoism
3 important questions on Crane & Matten (2010/16) - Consequentialist Theories - Egoism
What is the theory of egoism about? When is an action considered to be right? (as adopted by Adam Smith in his design of liberalist economics)
An action is right if the decision maker freely decides in order to pursue either short-term desires or long-term interests.
Who is the main actor in the theory of egoism? Whose utility do you maximise?
You maximise your own utility, in other words, you pursue your own interest.
What is the ethical thing with the egoism theory? In terms of benefits given to the decision maker?
You do what gives you the greatest benefits. Make a calculation of the benefits and the costs and if the benefits exceed the costs, you can do it.
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