In the egoism philosophical framework, it is contended that when organizations focus on their long-term interests, they, without knowing it, advance the interests of society as a whole, which is perceived as ethical. In this research, this premise is challenged using data collected from the social media outlets of 29 randomly selected companies from the 2013 Fortune 500 list. Through qualitative comparative analysis, the exact opposite was found. In fact, the organizations that focused on striving for their long-term success are (...) perceived as unethical. It was also found that socially responsible organizations are perceived as ethical whereas those that misrepresent their positions and attempt to influence the decisions of others are perceived as unethical. Implications for managers are discussed, and future directions are suggested. (shrink)

The fields of positive psychology, cognitive behavioral therapy, mindfulness, and goal-setting have all demonstrated that individuals can modify their beliefs, attitudes, intentions, and behaviors to improve their subjective happiness. But which ethical beliefs affect happiness positively? In comparison to ethical belief systems such as deontology, consequentialism, and altruism, rational egoism appears to be alone in suggesting that an individual’s long-term self-interest and subjective happiness is possible, desirable, and moral. Albeit an important theoretical foundation of the rational egoism philosophy, the relationship (...) between rational egoism and subjective happiness has yet to be investigated empirically. Using (Overall and Gedeon, Business and Professional Ethics. 38:43–78, 2018) 24-item rational egoism scale, we test this relationship on a random sample of 534 full-time American workers using partial least squares structural equation modelling (PLS-SEM). Consistent with rational egoism theory, the main contribution to knowledge of this research is finding a statistically significant relationship between rational egoism and subjective happiness. Implications for practice and areas for future study are suggested. (shrink)

Rooted in altruism theory, the purpose of the double-blind academic journal peer-review process is to: assess the quality of scientific research, minimize the potential for nepotism, and; advance the standards of research through high-quality, constructive feedback. However, considering the limited, if any, public recognition and monetary incentives that referees receive for reviewing manuscripts, academics are often reluctant to squander their limited time toward peer reviewing manuscripts. If they do accept such invitations, referees, at times, do not invest the appropriate time (...) needed and, as a result, scantily review manuscripts, which adversely affects the quality of the review. In addition, given that authors’ identities are not blind to journal editors, there is the potential for bias toward well-established academics from highly-ranked institutions. As a result of these issues, the aims of the academic journal review process are currently not being fulfilled. To rectify these issues, several recommendations, namely: single-blind the editors, pay reviewers, standardize the review process, increase the acceptance standards at academic conferences, and provide constructive feedback, are offered. (shrink)

Ayn Rand's use of “selfishness” and “altruism” was polarizing and contrary to common usage. With the help of Venn diagrams, this essay compares and even reconciles the divergent meanings of egoism and altruism. It cites Rand's usage of “traditional egoism,” a term she used in correspondence but in none of her books or periodicals. This term helps to understand Rand's meaning of egoism. It also comments on earlier essays in this periodical about egoism.

Ayn Rand was a strong and influential advocate of self-interest, of ethical egoism. What does her version of egoism mean in practical terms pertaining to interactions with other people generally other than not violating their rights and not committing fraud? This article explores that question with special attention to trust and cooperation. Ayn Rand said little about trust and cooperation in her ethics, but these are important aspects of living a productive life.

In "Egoism versus Rights," I argued that egoism is incompatible with rights. Here, I respond to two critics of that argument.