“Even when altruism is allowed (as, for example, in Gary Becker's model of rational allocation), it is assumed that the altruistic actions are undertaken because they promote each person's own interests; there are personal gains to the altruist's own welfare, thanks to sympathy for others. No role is given to any sense of commitment about behaving well or to pursuing some selfless objective. All this leaves out, on the one hand, the evil passions that early theorists of capitalism contrasted with self-interest and, on the other, the social commitments that Kant analyzed in The Critique of Practical Reason and that Adam Smith discussed in The Theory of Moral Sentiments.”
1990s, Foreword to The Passions and the Interests (1996)
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Amartya Sen 31
Indian economist 1933Related quotes
Source: The Most Good You Can Do: How Effective Altruism Is Changing Ideas About Living Ethically (2015), Chapter 9: Altruism and Happiness (p. 103)
In a discussion thread https://www.lesswrong.com/posts/p4Gd8pRcbnKo46hus/building-toward-a-friendly-ai-team#s5uoQrSoFeKke29dm on LessWrong, June 2012
“By pursuing his own interest he frequently promotes that”
Source: The Wealth of Nations (1776), Book IV, Chapter II, p. 488-489. <!-- p. 421 of the online Liberty Fund edition. -->
Context: As every individual, therefore, endeavours as much as he can both to employ his capital in the support of domestic industry, and so to direct that industry that its produce may be of the greatest value; every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. It is an affectation, indeed, not very common among merchants, and very few words need be employed in dissuading them from it.
Source: How to Win Friends and Influence People (1936), p. 42 (in 2016 edition)
Source: Facets of a Diamond: Reflections of a Healer (2002), p. 269
Jidderee vun eis ass, an der Mooss vun sengen Mëttelen, dozou opgeruff selwer Akteur ze sinn, an dem e säi Liewen an d’Hand hëlt, mee och an dem en sech fir déi aner engagéiert...eng profund Wourecht, an zwar dass Jiddereen an der Gesellschaft eng Roll ze spillen huet, déi säin eegent Schicksal iwwertrëfft.
Christmas message http://www.monarchie.lu/fr/actualites/discours/2014/12/discours-noel-lu/index.html (25 December 2014)
Society
"Which Way Forward for Macroeconomics and Policy Analysis?" 2013
