In lieu of an abstract, here is a brief excerpt of the content:46. ARTIFICIAL VIRTUE, SELF-INTEREST, AND ACQUIRED SOCIAL CONCERN I One of Hume's most celebrated contributions to moral philosophy is his distinction between natural and artificial virtue. This is obviously intended to be an important distinction but its significance is less than obvious. Many modern commentators view both as interest based, with the natural virtues related to our immediate interests while the artificial are linked to (...) our enlightened long-term interests. Despite the fact that this standard reading does have some textual support (e.g., T535, 2 537), it is not without its difficulties. The major problem lies in the account of why artificial virtues are, in fact, virtues. Natural and artificial virtues frequently encourage conflicting actions. For example (T497498 ), the repayment of a loan to a "seditious bigot" may be in accord with the artificial virtue attached to justice, but nevertheless may thwart public as well as individual interest and consequently clash with natural virtue. As a result, we are faced with two alternatives: We can either accept the standard interpretation and its attendant incoherencies or we can re-examine Hume's natural/artificial distinction in hopes of arriving at a reading capable of avoiding these complications. What follows is an attempt to exploit the second option. In essence, I shall urge that a sharper distinction is needed between the artificial and natural virtues. The present deficiency clearly emerges once we realize that the standard account totally overlooks a critical aspect of Hume's doctrine. Not only does Hume provide a speculative history of how societal conventions arose from the state of nature (an essentially diachronic account), but he also offers an explanation of why we now attach moral approbatior to actions falling within these conventions (an essentially 47. synchronie account). It is the latter that enables Hume to explain the connection between moral sentiment and the artificial virtues; yet this aspect is completely neglected on the popular interpretation. These two accounts must be distinguished and clarified in order to understand Hume's intent and position. II Hume's distinction between natural and artificial virtue is roughly this: Natural virtue is attributable to those sentiments and passions which, if acted upon, generally tend to yield pleasing results to ourselves or others. On the other hand, we ascribe artificial virtue to actions which constitute a certain practice, the observance of which tends towards the good of mankind. Thus, an action is naturally virtuous if it is motivated by a sentiment which, if regularly acted upon, would have pleasant results. Because of this, naturally virtuous actions usually have pleasing consequences. It is in our own self-interest to promote the natural virtues and the actions they engender. Meanwhile, we attach artificial virtue to actions falling under a practice or convention. In effect, we view the entire practice as well as its particular constituent actions as virtuous. This distinction seems fairly simple; nonetheless it has two significant consequences. First, in both cases, virtue is attributed to the motives behind rather than the specific actions themselves. For instance, Hume argues that benevolence is a natural virtue (E295-302), therefore any action following from this motive will be virtuous. However, the same action fails to be virtuous if it does not stem from the sentiment of benevolence. It is the motive that bestows virtue upon the action. Similarly, an action is artificially virtuous if it arises from an artificially virtuous motive. For example, an action is 48. artificially virtuous if it springs from the desire to do what is just (an artificially virtuous motive) ; yet the same action is not virtuous if it is inspired by a nonvirtuous motive or mere caprice. Just as with their natural counterparts, artificially virtuous motives are responsible for the actions they induce. But it is here that the similarity ends, for natural virtue is assigned to motives to perform immediately agreeable actions while artificial virtue is connected with motives to act within institutions deemed to be in the interest of society. To return to the earlier examples, actions arising from benevolence will almost always have an immediately agreeable affect, although, as Hume admits (T497-498, 597; E286, 304), there are exceptions. Of course actions performed for the... (shrink)

The problem of altruism is to determine intellectually compelling grounds for allowing others' interests and desires to weigh with us as well as our own. Two considerations impact on that problem. One concerns the clustering of particular interests and desires. The doctrine of the distinctness of persons gives prime importance to their origin in a particular individual. But clustering across individuals, rather than within individuals, may be more reasonable in the light of meta-attitudes towards our interests and desires and the (...) interconnection of individuals' interests. The other concerns individuals' identification with the interests and desires of a collectivity to which they belong, for its own sake. This identification, while in some ways resembling altruism and self-interested motivation, is sui generis. It leads us to rethink the polarity of self and others by remainding us that the polarity does not adequately reflect an important aspect of human social relations. (shrink)

We examine the writings of Adam Smith and Milton Friedman regarding their interpretation and use of the concept of self-interest.We argue that neither Smith nor Friedman considers self-interest to be synonymous with selfishness and thus devoid of ethicalconsiderations. Rather, for both writers self-interest embodies an other-regarding aspect that requires individuals to moderate theiractions when others are adversely affected. The overriding virtue for Smith in governing individual actions is justice; for Friedman it isnon-coercion.

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.Adam Smith, Wealth of NationsAs the quote above indicates, economists generally are more comfortable with self interest as a motivating force for social benefit than with altruism. This is because in most instances in a market economy, self interest will lead agents to provide benefits for others. Ultimately this (...) is because the butcher or baker will not get paid unless he does something that others are willing to pay for. This is the source of the famous “invisible hand,” also discussed by Adam Smith.This might sound trivial, except that in discussing aspects of medicine we seem to lose sight of this mechanism and rely on other tools to provide benefits. These tools do not work as well as naked self interest would. Some might say that medicine and medical progress is too important to depend on the market. (shrink)

The past two decades have been a time of heightened interest in the moral aspects of the practice of medicine. This interest has been reflected in medical education by the establishment of medical humanities programs in both preclinical and clinical education in many medical schools. It has also been reflected in the literature with a dramatic increase in journal articles on medical ethics as well as the development of medical ethics in textbooks. A number of journals have (...) developed that are specifically devoted to medical ethics, including The Journal of Medical Ethics, The Journal of Medicine and Philosophy, The Journal of Medical Humanities, Theoretical Medicine, Cambridge Quarterly of Healthcare Ethics, just to name a few. The literature includes both theoretical foundations and conceptual analyses of particular issues as well as practical advice and general suggestions for how to implement programs in medical humanities. (shrink)

In the wake of a pilot study that indicated that the experience of medical education appears to Inhibit moral development In medical students, increased attention needs to be given to the structure of medical education and the Influence it has on medical students. Interest in ethics and moral reasoning has become widespread in many aspects of professional and public life. Society has exhibited great interest in the ethical issues confronting physicians today. Considerable effort has been undertaken to (...) train medical students, interns, and residents In how to reason through medical-ethical dilemmas. Media attention has focused on Issues such as abortion, euthanasia, care of severely handicapped infants, organ transplantation, and so forth, producing heated debates in both the professional and lay literature over the morality of the various positions. The curriculum of medical education has paralleled and reflected this general Interest in medical ethics. Most medical schools now offer, and frequently require, course work in ethics. However, further research Is needed to better characterize and understand the relationship of medical education to moral development. (shrink)

In recent years, the theoretical work of Gilligan in women's psychological development has led to the development of the concept of moral orientation or moral voice in contrast to the concept of moral reasoning or moral judgment developed by Kohlberg. These concepts have been of particular interest in gender studies, especially as applied to adolescence. These concepts of moral orientation and moral reasoning are being increasingly employed in healthcare ethics studies in a wide variety of settings. The recent work (...) has included studies of physicians, nurses, dentists, veterinarians, social workers, teachers of medical ethics, and hospital ethics committees. However, the study of moral development in healthcare providers has been hampered because collecting the necessary data from healthcare workers has been labor intensive and extremely time consuming. More efficient methods are needed. (shrink)

There is a well-worn image and phrase for libertarianism: "atomized individualism." This hobgoblin has spread so thoroughly that even some libertarians think their philosophy unreservedly supports private persons, whatever the situation, whatever their behavior. Smith's Self-Interest and Social Order in Classical Liberalism, corrects this misrepresentation with careful intellectual surveys of Hume, Smith, Hobbes, Butler, Mandeville, and Hutcheson and their respective contributions to political philosophy.

This book brings together the most important theoretical work of James S. Coleman on problems of collective action. Coleman's work has formed a consistent and highly distinguished attempt to find an account of the workings of social and political processes rooted in the rationality of the individual participants. The chapters address in various ways the fundamental Hobbesian problem of order; the question of how a set of self-interested individuals can arrive at some kind of social order. The (...) volume is organised in three parts. The essays in Part I address the problem of social choice as a fundamental problem of the functioning of social systems. Those in Part II deal with relations of power as a crucial aspect of the relations between individual actions and their social consequences. Part III considers the question of the creation of collectivities and the rights that are allocated under them. As a whole, the volume demonstrates the integration and force of the views Coleman has developed. (shrink)

Nothing really matters. All the things that we do not do, have or become in our lives can be important in shaping self-identity. From jobs turned down to great loves lost, secrets kept and truths untold, people missed and souls unborn, we understand ourselves through other, unlived lives that are imaginatively possible. This book explores the realm of negative social phenomena - no-things, no-bodies, non-events and no-where places - that lies behind the mirror of experience. Taking a symbolic (...) interactionist perspective, the author argues that these objects are socially produced, emerging from and negotiated through our relationships with others. Nothing is interactively accomplished in two ways, through social acts of commission and omission. Existentialism and phenomenology encourage us to understand more deeply the subjective experience of nothing; this can be pursued through conscious meaning-making and reflexive self-awareness. The Social Life of Nothing is a thought-provoking book that will appeal to scholars across the social sciences, arts and humanities, but its message also resonates with the interested general reader. (shrink)

Thomas Hobbes’s radical tendency to view natural law as a means of individual self-preservation sparked critical responses among natural law theorists in England and continental Europe. This chapter compares how two of Hobbes’s immediate successors and critics – Richard Cumberland and Samuel Pufendorf – dealt with the potential conflict between self-interest and the requirements of natural law. The chapter shows how both intended to reply to Hobbes in their own distinctive ways by attempting to show that the (...) ultimate aim of natural law, imposed by God, obligated people to promote the common good of humankind as a whole rather than mainly function as the means for individual and social utility. They did not, however, consider self-interest to be merely destructive for social cooperation and natural law. Both argued in their distinct ways that self-interest is the most effective motivation for people to consider the advantage of others and it leads them to promote the common good. This chapter also points out notable differences between Cumberland’s and Pufendorf’s treatment of the relation between the private good and the common good. (shrink)

This essay seeks to start a dialogue between two traditions that historically have interpreted the economy in opposing ways: the individualism of classic economic liberalism (CEL), represented by Adam Smith and Milton Friedman, and the communitarianism of Catholic social teaching (CST), interpreted primarily through the teachings of popes and secondarily the U.S. Catholic bishops. The present authors, an economist and a moral theologian who identify with one or the other of the two traditions, strive to clarify objectively their similarities (...) and differences with the opposing perspective. Section one focuses on each position''s perspective of love of self and love of others. We find both CEL and CST saying that self-love, rightly understood, constitutes a moral good and that the love of others serves as an important principle in the political economy. We find less agreement in section two regarding justice and rights, but even here, we discover a few surprises. Both traditions uphold justice (giving to each party what is due) as essential to the political economy, and recognize some similarity in that type of justice called commutative. We note, however, substantial differences regarding a second type of justice that we call "public justice." First, they differ over the extent to which government should be involved. Here the meaning of rights, especially that of individual freedom, arises. Secondly, the traditions diverge over whether benevolence as a motivator ought to serve as a partner for public justice. Thirdly, CEL in general opposes CST''s emphasis on social justice that calls upon institutions to be proactive in helping citizens and groups to become active participants in the economy. We conclude our essay by summarizing our discoveries and by suggesting areas for further dialogue. (shrink)

In this chapter, I taxonomize early modern modes of relating self-interest and the common good. I discuss Protestant natural law theory, republicanism, utilitarianism, and—my main focus—Scottish social thought from Adam Smith and others. My aim is twofold. First, historically, I lay out the conceptual field for the early modern relation of self-interest and the common good while giving special attention to Scottish innovations. Second, from a philosophical point of view, I argue that the Scottish theory (...) of the common good offers some of the best conceptual resources for considering the relation of individual and community in present-day large, industrial nation-states and empires. More specifically, I claim that the Scots develop a concept of the common good that is (1) more social and economic than its alternatives, (2) more systemic and less dependent on the psychology and intentions of individuals, and (3) less tied to thick notions of community (including the state) and more amenable to empire. I conclude by bringing out the significance of these claims for our thinking about self-interest, the common good, and community. (shrink)

Traditional social worlds enable plural modes of self‐expression and communication across both public and private realms. Our identity involves a variety of aspects of self. Moreover, plural and conflicting aspects of self are often presented within the context of one relationship, role, or encounter. The presentation of less chosen aspects of our selves often also provides the object for the expression of certain relational aspects of respect for one another's privacy. Self‐presentation (...) and shared activity in many online social worlds can also enable autonomy and privacy. The online revolutions in access to information and to one another have provided unprecedented opportunities to expand our knowledge, to pursue our social and working lives, and to carry on all sorts of interests and activities. One specific example of how some of our fears about online evils have been claimed to be exaggerated and misguided concerns fears of risks to our children from online sexual predators. (shrink)

Introduction -- Unintended consequences -- The origin of money -- Segregation -- The invisible hand -- The origin of money reconsidered -- Models and representation -- Game theory and conventions -- Conclusion.

This book examines the psychological responses of people to the excitements and terrors that characterise the modern world. Beginning with a description of modernist and post-modernist accounts of contemporary life, it then moves into detailed discussions of narcissism and psychosis - two states of mind that seem to characterise the 'crises of self' to which the modern world gives rise. With an interweaving of social theory and psychodynamic explanations, this is a sophisticated and compelling text. Identity Crisis will (...) be of interest to students in a wide range of disciplines including psychology, sociology, psychoanalysis, politics and cultural studies. (shrink)

The number and scale of business associations focused on corporate responsibility and sustainability has grown dramatically in recent decades and they are becoming influential actors in both national and international governance. Yet surprisingly little research exists on such organizations and recognition of the organizational lineage they share with special interest groups is yet to be examined—are industry business associations merely lobbies for their members’ own interests or are they viable self-regulatory institutions capable of addressing contemporary social and (...) sustainability issues? This paper identifies and reviews fragmented insights from literatures that address this question. Drawing on various streams of research within the political science, economics and management disciplines that provide diverse lenses on the phenomenon of business associations, it juxtaposes and groups them into two broad perspectives: business associations as special interest groups that are detrimental to society ; business associations as self-regulatory institutions capable of addressing contemporary challenges. (shrink)

After his mental crisis in 1826 J. S. Mill set out to revise Benthamite Utilitarianism. The nature of that revision and its relation to Mill's mature philosophy is central to Mill scholarship. This study suggests that in order to understand the development of Mill's thought it is necessary to understand the central role he assigned to sympathy. ;Benthamism, to Mill, was based upon the assumptions that mankind was predominately motivated by self-interest, and that the greatest happiness of the (...) greatest number would be achieved by an artificial identity of interests. During his crisis Mill discovered that enlightened self-interest and an education based upon associationist psychology could not provide an abiding link between an individual's happiness and the happiness of others. The possibility of establishing such a bond, Mill came to believe, lay in each individual's capacity to sympathize with others. Mill's recovery from his crisis was sparked by the discovery of his ability to identify sympathetically with others and by his recognition of the possibility of nurturing the capacity for sympathy. This dissertation argues that these experiences became the foundation for Mill's revision of Benthamism and the core of his moral and social philosophy. Analysis of Mill's early essays , newspaper articles and letters establishes the extent of Mill's belief in the necessity of developing sympathy, and his insistence that sympathy be incorporated into Utilitarianism. ;Mill's appeal to sympathy is best understood in its intellectual context. This work interprets Mill's emphasis on sympathy within the context of the discourse on the relation of sympathy and self-interest to social morality articulated in the moral philosophies of Adam Smith and David Hume, the Romantic poetics of Wordsworth, Coleridge and Shelley, the moral philosophies of the critics of Benthamism and the social criticism of the Saint-Simonians. ;The role of sympathy in Mill's thought has yet to be fully examined. While this dissertation focusses on Mill's revision of Benthamism, sympathy is also a major theme in his mature moral and social philosophy. This study further suggests the need for re-examining Victorian liberalism in the light of the central role of sympathy. (shrink)

Runaway social selection resulting from partner choice may have shaped aspects of human cooperation and complex sociality that are otherwise hard to account for. Social selection is the subtype of natural selection that results from the social behaviors of other individuals. Competition to be chosen as a social partner can, like competition to be chosen as a mate, result in runaway selection that shapes extreme traits. People prefer partners who display valuable resources and bestow them (...) selectively on close partners. The resulting phenotypic covariance between displays and preferences gives fitness advantages to both, creating runaway selection that could shape a whole suite of prosocial traits including altruism, moral capacities, empathy, and theory of mind. Even though they give a net fitness benefit, traits at the endpoint of runaway social selection can have substantial deleterious effects on other traits such as viability, ability to accumulate resources, or vulnerability to mental disorders. Social selection forces arising from self-interested partner choices may be an invisible hand that shaped capacities for commitment, altruism, and other prosocial capacities of the human social brain. (shrink)

The chapter analyses the debates on the relation between self-interest and sociability in eighteenth-century British moral philosophy. It focuses on the selfish hypothesis, i.e. on the egoistic theory that we are only motivated by self-interest or self-love, and that our sociability is not based on disinterested affections, such as benevolence. The selfish hypothesis is much debated especially in the early eighteenth century (Mandeville, Shaftesbury, Hutcheson, Butler, Clarke, Campbell, Gay), and then rather tacitly accepted (Hartley, Tucker, (...) Paley) or rejected (Hume, Smith, Reid). It is asserted for example by philosophers with an Augustinian and Epicurean background and by the associationists, yet rejected especially by thinkers inspired by Stoic ideas. In particular for these latter authors, who emphasise the disinterested aspects of moral motivation, the debates on the selfish hypothesis have an important moral dimension. Others again argue that specific kinds of self-interest motivate virtuous actions. (shrink)

Selfishness narrowly defined as choosing dominant outcomes independent of context is widely rejected by experimentalists. Humans live in two worlds of personal and impersonal exchange; both are manifestations of human sociality, but the emphasis on preferences rather than cultural norms of personal exchange across time too much reflects a limited economic modeling, and fails to capitalize on the fresher experimental economics message of culture and diversity.

What motives underlie the ways humans interact socially? Are these the same for all societies? Are these part of our nature, or influenced by our environments?Over the last decade, research in experimental economics has emphatically falsified the textbook representation of Homo economicus. Literally hundreds of experiments suggest that people care not only about their own material payoffs, but also about such things as fairness, equity and reciprocity. However, this research left fundamental questions unanswered: Are such social preferences stable components (...) of human nature; or, are they modulated by economic, social and cultural environments? Until now, experimental research could not address this question because virtually all subjects had been university students, and while there are cultural differences among student populations throughout the world, these differences are small compared to the full range of human social and cultural environments. A vast amount of ethnographic and historical research suggests that people's motives are influenced by economic, social, and cultural environments, yet such methods can only yield circumstantial evidence about human motives. Combining ethnographic and experimental approaches to fill this gap, this book breaks new ground in reporting the results of a large cross-cultural study aimed at determining the sources of social preferences that underlie the diversity of human sociality. The same experiments which provided evidence for social preferences among university students were performed in fifteen small-scale societies exhibiting a wide variety of social, economic and cultural conditions by experienced field researchers who had also done long-term ethnographic field work in these societies. The findings of these experiments demonstrated that no society in which experimental behaviour is consistent with the canonical model of self-interest. Indeed, results showed that the variation in behaviour is far greater than previously thought, and that the differences between societies in market integration and the importance of cooperation explain a substantial portion of this variation, which individual-level economic and demographic variables could not. Finally, the extent to which experimental play mirrors patterns of interaction found in everyday life is traced.The book starts with a succinct but substantive introduction to the use of game theory as an analytical tool and its use in the social sciences for the rigorous testing of hypotheses about fundamental aspects of social behaviour outside artificially constructed laboratories. The results of the fifteen case studies are summarized in a suggestive chapter about the scope of the project. (shrink)

In this paper I argue that much of the confusion and mystery surrounding the concept of "self" can be traced to a failure to appreciate the distinction between the self as a collection of diverse neural components that provide us with our beliefs, memories, desires, personality, emotions, etc (the epistemological self) and the self that is best conceived as subjective, unified awareness, a point of view in the first person (ontological self). While the former can, (...) and indeed has, been extensively studied by researchers of various disciplines in the human sciences, the latter most often has been ignored -- treated more as a place holder attached to a particular predicate of interest (e.g., concept, reference, deception, esteem, image, regulation, etc). These two aspects of the self, I contend, are not reducible -- one being an object (the epistemological self) and the other a subject (the ontological self). Until we appreciate the difficulties of applying scientific methods and analysis to what cannot be reduced to an object of inquiry without stripping it of its essential aspect (its status as subject), progress on the "self", taken as a pluralistic construct, will continue to address only one part of the problems we face in understanding this most fundamental aspect of human experience. (shrink)

Rules regulating social behavior raise challenging questions about cultural evolution in part because they frequently confer group-level benefits. Current multilevel selection theories contend that between-group processes interact with within-group processes to produce norms and institutions, but within-group processes have remained underspecified, leading to a recent emphasis on cultural group selection as the primary driver of cultural design. Here we present the self-interested enforcement (SIE) hypothesis, which proposes that the design of rules importantly reflects the relative enforcement capacities of (...) competing parties. We show that, in addition to explaining patterns in cultural change and stability, SIE can account for the emergence of much group-functional culture. We outline how this process can stifle or accelerate cultural group selection, depending on various social conditions. Self-interested enforcement has important bearings on the emergence, stability, and change of rules. (shrink)

The blackhole at the center of consciousness reveals its event horizon in bursts of neon.

In this book Keith Graham examines the philosophical assumptions behind the ideas of group membership and loyalty. Drawing out the significance of social context, he challenges individualist views by placing collectivities such as committees, classes or nations within the moral realm. He offers an understanding of the multiplicity of sources which vie for the attention of human beings as they decide how to act, and challenges the conventional division between self-interest and altruism. He also offers a systematic (...) account of the different ways in which individuals can identify with or distance themselves from the groups to which they belong. His study will be of interest to readers in a range of disciplines including philosophy, politics, sociology, law and economics. (shrink)

Some in public relations have suggested that practitioners adopt a philosophy of enlightened self-interest as an ethical baseline. The author contends that such a theory must be rejected because even the enlightened variety does not adequately weigh the needs of significant others - a central consideration in any effort to define ethical behavior. The author maintains that genuine sacrifice - at times required of those desiring to do the right thing - clearly can conflict with any theory espousing (...) self-interest as a baseline. Further, there is a social dimension to ethics. By virtue of occupational title, the author holds that public relations practitioners have a particular responsibility to advance the social order. Ethical behavior - especially as it relates to public relations - must go well beyond a narrow concern that no injustice is done to individual persons. (shrink)

The topic of self-interest raises large and intractable philosophical questions–most obviously, the question “In what does self-interest consist?” The concept, as opposed to the content of self-interest, however, seems clear enough. Self-interest is interest in one's own good. To act self-interestedly is to act on the motive of advancing one's own good. Whether what one does actually is in one's self-interest depends on whether it actually does advance, or (...) at least, minimize the decline of, one's own good. Though it may be difficult to tell whether a person is motivated by self-interest in a particular instance, and difficult also to determine whether a given act or decision really is in one's self-interest, the meaning of the claims in question seems unproblematic. My main concern in this essay is to make a point about the content of self-interest. Specifically I shall put forward the view that meaningfulness, in a sense I shall elaborate, is an important element of a good life. It follows, then, that it is part of an enlightened self-interest that one wants to secure meaning in one's life, or, at any rate, to allow and promote meaningful activity within it. Accepting this substantial conception of self-interest, however, carries with it a curious consequence: the concept of self-interest which formerly seemed so clear begins to grow fuzzy. Fortunately, it comes to seem less important as well. In Reasons and Persons, Derek Parfit distinguishes three sorts of theories about self-interest–hedonistic theories, preference theories, and what he calls “objective-list theories." Hedonistic theories hold that one's good is a matter of the felt quality of one's experiences. (shrink)

The recent accounting scandals at Enron, WorldCom, and other corporations have helped to fuel a massive loss of confidence in the integrity of American business and have contributed to a very sharp decline in the U.S. stock market. Inasmuch as these events have brought ethical questions about business to the forefront in the media and public consciousness as never before, they are of signal importance for the field of business ethics. I offer some observations and conjectures about the bearing of (...) the recent scandals on the literature on business ethics. I defend the following contentions: 1. Recent events reveal serious weaknesses of the stakeholder theory about the social responsibilities of business which lacks prohibitions against fraud and deception. This is a glaring deficiency of standard versions of the stakeholder theory, but it is easily remedied by adding explicit prohibitions against fraud and deception. In addition, recent events highlight the stakeholder theory's very naive and unrealistic hopes and expectations for business executives as moral arbiters and agents of social improvement. 2. Recent events do not constitute an objection to the shareholder theory about the social responsibilities of business, however, these events make evident the implausibility of strong versions of the invisible hand theory. 3. Schemes of payment and reward often create perverse incentives for individuals to engage in unethical conduct. 4. Both the shareholder theory and the stakeholder theory need to add a constraint that requires executives to respect the professional obligations of employees. (shrink)

There is growing concern that a global economic system fueled predominately by financial incentives may not maximize human flourishing and social welfare externalities. If so, this presents a challenge of how to get economic actors to adopt a more virtuous motivational mindset. Relying on historical, psychological, and philosophical research, we show how such a mindset can be instilled. First, we demonstrate that historically, financial self-interest has never in fact been the only guiding motive behind free markets, but (...) that markets themselves are representations of our individual and collective moral identities. Building on this understanding, we review the research on how economic incentives crowd out virtue-oriented concerns. We then introduce the concept of moral self-awareness (MSA), an evolving mindset informed by reflection on moral identity, namely what one’s actions say about oneself given the impacts on others or society that one’s action may effect. MSA comprises three fundamental aspects of virtue-oriented reasoning: pride, shame, and guilt. Finally, we offer a four-stage model anchored in systems theory, yielding ever more refined motivating strategies for maximizing human flourishing and social welfare externalities. (shrink)

In what follows I consider whether the idea of a person's interest or good might be better understood through that of care or concern for that person for her sake, rather than conversely, as is ordinarily assumed. Contrary to desire-satisfaction theories of interest, such an account can explain why not everything a person rationally desires is part of her good, since what a person sensibly wants is not necessarily what we would sensibly want, insofar as we care about (...) her. First, however, a tale: There was no other explanation which seemed reasonable. … [W]as it not reasonable to assume that he meant never to claim his birth-right? If this were so, what right had he, William Cecil Clayton, to thwart the wishes, to balk the self-sacrifice of this strange man? If Tarzan of the Apes could do this thing to save Jane Porter from unhappiness, why should he, to whose care she was intrusting her whole future, do aught to jeopardize her interests? (shrink)

Hume has a special place in justifications of claims made for rational choice theory to offer a unified language and explanatory framework for the social sciences. He is invoked in support of the assumptions characterising the instrumental rationality of agents and the constancy of their motivations across different institutional settings. This paper explores the problems with the expansionary aims of rational choice theory through criticism of these appeals to Hume. First, Hume does not assume constancy. Moreover, Hume’s sensitivity to (...) the relationships between institutional setting and individual motivation owes something to the relative transparency of the plural language of vices and virtues that he employs. Second, rational choice theory’s minimal modification of Hume’s account of the relation of reason and the passions through the introduction of constraints of consistency on preferences is unstable. (shrink)

The topic of self-interest raises large and intractable philosophical questions–most obviously, the question “In what does self-interest consist?” The concept, as opposed to the content of self-interest, however, seems clear enough. Self-interest is interest in one's own good. To act self-interestedly is to act on the motive of advancing one's own good. Whether what one does actually is in one's self-interest depends on whether it actually does advance, or (...) at least, minimize the decline of, one's own good. Though it may be difficult to tell whether a person is motivated by self-interest in a particular instance, and difficult also to determine whether a given act or decision really is in one's self-interest, the meaning of the claims in question seems unproblematic. My main concern in this essay is to make a point about the content of self-interest. Specifically I shall put forward the view that meaningfulness, in a sense I shall elaborate, is an important element of a good life. It follows, then, that it is part of an enlightened self-interest that one wants to secure meaning in one's life, or, at any rate, to allow and promote meaningful activity within it. Accepting this substantial conception of self-interest, however, carries with it a curious consequence: the concept of self-interest which formerly seemed so clear begins to grow fuzzy. Fortunately, it comes to seem less important as well. In Reasons and Persons, Derek Parfit distinguishes three sorts of theories about self-interest–hedonistic theories, preference theories, and what he calls “objective-list theories." Hedonistic theories hold that one's good is a matter of the felt quality of one's experiences. (shrink)

I argue that agent-centered options to favor and sacrifice one’s own interests are grounded in a particular aspect of self-ownership. Because you own your interests, you are entitled to a say over how they are used. That is, whether those interests count for or against some action is, at least in part, to be determined by your choice. This is not the only plausible argument for agent-centered options. But it has some virtues that other arguments lack.

Nick Bostrom’s recently patched ‘‘simulation argument’’ (Bostrom in Philos Q 53:243–255, 2003; Bos- trom and Kulczycki in Analysis 71:54–61, 2011) purports to demonstrate the probability that we ‘‘live’’ now in an ‘‘ancestor simulation’’—that is as a simulation of a period prior to that in which a civilization more advanced than our own—‘‘post-human’’—becomes able to simulate such a state of affairs as ours. As such simulations under consid- eration resemble ‘‘brains in vats’’ (BIVs) and may appear open to similar objections, the (...) paper begins by reviewing objections to BIV-type proposals, specifically those due a presumed mad envatter. In counter example, we explore the motivating rationale behind current work in the development of psychologically realistic social simula- tions. Further concerns about rendering human cognition in a computational medium are confronted through review of current dynamic systems models of cognitive agency. In these models, aspects of the human condition are repro- duced that may in other forms be considered incomputable, i.e., political voice, predictive planning, and consciousness. The paper then argues that simulations afford a unique potential to secure a post-human future, and may be nec- essary for a pre-post-human civilization like our own to achieve and to maintain a post-human situation. Long-s- tanding philosophical interest in tools of this nature for Aristotle’s ‘‘statesman’’ and more recently for E.O. Wilson in the 1990s is observed. Self-extinction-level threats from State and individual levels of organization are compared, and a likely dependence on large-scale psychologically realistic simulations to get past self-extinction-level threats is projected. In the end, Bostrom’s basic argument for the conviction that we exist now in a simulation is reaffirmed. (shrink)

In this paper I will discuss Milton Friedman’s thesis that the social responsibilityof business is to maximize the shareholders’ profit. I examine the underlyingassumption of self-interest and argue, contrary to the neoliberal thesis ofderegulation, that the profit motive must be constrained by strong state regulations.Furthermore it facilitates keeping the division between business andgovernment intact. The financial crisis shows that the emphasis on a profitmotive without the external constraints of tight regulations has serious implicationsfor the trustworthiness of business. (...) In the latter part of the paper I willdiscuss trust in relation to self-interest. The overemphasis on self-interest isparticularly unfortunate in connection with business, and not least the financialsector, as this institution is grounded in trust, without which it cannot survive.Seen from this angle, it can be claimed that a business model, celebratingprimarily self-interest, profit-motive and deregulation, is not going to be sustainablein the long run. (shrink)

The Aristotelian view that the moral virtues–the virtues of character informed by practical wisdom–are essential to an individual's happiness, and are thus in an individual's self-interest, has been little discussed outside of purely scholarly contexts. With a few exceptions, contemporary philosophers have tended to be suspicious of Aristotle's claims about human nature and the nature of rationality and happiness. But recent scholarship has offered an interpretation of the basic elements of Aristotle's views of human nature and happiness, and (...) of reason and virtue, that brings them more into line with common-sense thinking and with contemporary philosophical and empirical psychology. This makes it fruitful to reexamine the question of the role of virtue in self-interest. (shrink)

We have taken the “why be moral?” question so seriously for so long. It suggests that we lack faith in the rationality of morality. The relative infrequency with which we ask “why be prudent?” suggests that we have no corresponding lack of faith in the rationality of prudence. Indeed, we have so much faith in the rationality of prudence that to question it by asking “why be prudent?” sounds like a joke. Nevertheless, our reasons and motives to be prudent are (...) every bit as contingent as our reasons and motives to be moral–or so I argue in Sections II and III.A second theme of this essay is thatconflictbetween morality and self-interest is contingent as well. The moral perspective, as characterized in Section IV, does not require a universal regard for others, whereas the kind of self-interested perspective characterized in Section III does not require a wholesale disregard for others. Both perspectives make room for a deep although not universal other-regard–or so I argue in Section V. (shrink)

The book discusses trust in gods and how people have sought to reinvest this trust as religious faith has diminished; the effect of low social trust on economic ...

The adoption of experimental methods from economics, in particular script-enactment, performance-related payment, and the absence of deception, will turn experimental social psychology into a trivial science subject. Such procedures force participants to conform to a normative expectation that they must behave rationally and in accordance with their self-interest. The self-fulfilling prophecy inherent in these procedures makes it more difficult to conduct innovative social-psychological research.