Ethical Egoism
• A different view, which talks of morality as only the pursuit of self interest
• Self-interest is a ‘rational concern’ requiring consideration of one’s long-term interests.
E.g., taking bribe may appear to serve one’s self interest but it does not serve the long- term interest of self. Hence taking bribe is not acceptable since it would not do any good on a long-term. This was professed by Thomas Hobbes (1588-1679) and Ayn Rand (1905-1982).
Ayn Rand – with only one life to live, the individual is of utmost importance
It is in one’s self-interest to adopt the Moral Point of View (Hobbes’ Social Contract)