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A Genealogy of Self-Interest in Economics

  • Book
  • © 2021

Overview

  • Analyzes the evolution of the notion of “self-interest,” which has never been fully researched despite its essential role in economics
  • Presents contributions by leading experts in the field, highlighting the relationship between self-interest and current theoretical economics, such as neuroeconomics and behavioral economics
  • Is the first book dedicated to the history of self-interest in economics, offering an excellent overall treatment of the subject for economists and general readers alike

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Table of contents (18 chapters)

  1. Self-Interest in Eighteenth and Nineteenth Century Economics

  2. Contemporary Topics in Self-Interest and Economics

Keywords

About this book

This is the first book to describe the entire developmental history of the human aspects of economics. The issue of “self-interest” is discussed throughout, from pre-Adam Smith to contemporary neuroeconomics, representing a unique contribution to economics. Though the notion of self-interest has been interpreted in several ways by various schools of economics and economists since Smith first placed it at the heart of the field, this is the first book to focus on this important but overlooked topic.

Traditionally, economic theory has presupposed that the core of human behavior is self-interest. Nevertheless, some economists, e.g. recent behavioral economists, have cast doubt on this “self-interested” explanation. Further, though many economists have agreed on the central role of self-interest in economic behavior, each economist’s positioning of self-interest in economic theory differs to some degree. This book helps to elucidate the position of self-interest in economic theory.

Given its focus, it is a must-read companion, not only on the history of economic thought but also on economic theory. Furthermore, as today’s capitalism is increasingly causing people to wonder just where self-interest lies, it also appeals to general readers.


Reviews

“My overall opinion of this edited volume is positive. The majority of the papers in this book are very interesting and appealing for most historians of economics. There are also papers that will be of interest to economic methodologists and philosophers of economics. Some of the chapters can certainly initiate further research … . In view of the current debate concerning the role of self-interest by economists and other social scientists, this book is a valuable and necessary addition.” (Stavros A. Drakopoulos, Erasmus Journal for Philosophy and Economics, Vol. 16 (1), 2023)

Editors and Affiliations

  • Department of Economics, Otaru University of Commerce, Otaru-shi, Japan

    Susumu Egashira

  • Faculty of Economics, Toyo University, Tokyo, Japan

    Masanori Taishido

  • Department of Economics, University of Puget Sound, Tacoma, USA

    D. Wade Hands

  • Political and Economic Studies, University of Helsinki, Helsinki, Finland

    Uskali Mäki

About the editors

Susumu Egashira, Department of Economics, Otaru University of Commerce

Masanori Taishido, Faculty of Economics, Toyo University


Wade Hands, Department of Economics, University of Puget Sound


Uskali Mäki, Department of Political and economic Studies, University of Helsinki

Bibliographic Information

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