Whether you believe that acting morally costs or pays depends on your view of morality.
To make selfishness, or self-interest, unpalatable and to promote altruism instead, the majority of philosophers misrepresent self-interest as a package-deal.
How is it possible that business students—some of them with significant business experience—have never heard of the moral code of rational egoism?
Had VW executive grasped the principle of honesty and chosen to follow it, the company’s current mess–ruined reputation, a potential recall of 11 million cars, the cost of fixing them, compensating customers, potential lawsuits, paying fines—could have been avoided.
Only one value can serve as the central purpose in a person’s life: productive work.
Why does it rule in business?
When you hear the word selfishness, what comes to mind? Typically, selfishness is associated with amoral, predatory behavior. It’s a word used to describe people like Bernard Madoff or Attila the Hun. On the other hand, selflessness is generally celebrated and aligned with friendship and love. In this talk, Peter Schwartz challenges these misconceptions.
Despite the teachings of conventional morality, judging others is a virtue from the perspective of rational egoism.