Which of the following views might affect how an economist formulates ideas about self-interest?
A) People who choose to promote the interests of others cannot be acting rationally in their own self-interest.
B) People show concern only for those whom they know personally.
C) The notion of self-interest rules out concern for others.
D) Concern for the welfare of others is consistent with the concept of self-interest.

Question

Which of the following views might affect how an economist formulates ideas about self-interest?  
A) People who choose to promote the interests of others cannot be acting rationally in their own self-interest. 
B) People show concern only for those whom they know personally. 
C) The notion of self-interest rules out concern for others. 
D) Concern for the welfare of others is consistent with the concept of self-interest.

Quizplus · Accepted Answer

If an economist holds the view that concern for the welfare of others is consistent with the concept of self-interest, they would formulate their ideas about self-interest to include behaviors that benefit others as well as oneself. This would expand their understanding of self-interest beyond narrow, individualistic concerns and consider the potential benefits of acting in the interest of others.

Which of the Following Views Might Affect How an Economist