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Of the various kinds of egoism, psychological egoism, which claims that all people as a matter of fact will always pursue their own interests, can be dismissed as either confused or false. This leaves the normative question of whether people ought to pursue their own interests and in what contexts they should do so.

Business egoists will pursue their own interests in business without necessarily accepting egoism in other areas of their lives. They can morally justify this on either rights or utilitarian grounds. Many people believe that egoism lies behind the immense productivity of capitalist economies, though the sustainability of that productivity in the medium and long term has been questioned. Business egoism, whether justified by rights or utilitarian arguments, necessarily has three constraints on ...

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