Etymology:
The term "selfinterest" is derived from the Latin phrase "sui ipsius interesse," which means "to have an interest in oneself."
Meaning:
Selfinterest refers to the actions or motivations of an individual or group that are driven primarily by their own personal gain or advantage. It is often contrasted with altruism, which focuses on the well-being of others.
Origin:
The concept of selfinterest has been explored by philosophers, economists, and psychologists for centuries. One of the earliest known expressions of selfinterest can be traced back to the ancient Greek philosopher Epicurus, who believed that pleasure and the avoidance of pain were the primary goals of human action.
Throughout history, various thinkers have debated the role of selfinterest in society. Some, like the Scottish economist Adam Smith, argue that selfinterest can lead to positive outcomes for everyone, as individuals pursuing their own economic well-being ultimately benefit the broader society. Others, such as the philosopher John Locke, believed that selfinterest needed to be tempered by reason and morality to prevent it from becoming destructive to society.
Examples:
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