Skip to main content Accessibility help
×
Hostname: page-component-cd9895bd7-8ctnn Total loading time: 0 Render date: 2024-12-23T09:17:34.691Z Has data issue: false hasContentIssue false

10 - Wealth Creation Needs Self-Regarding and Other-Regarding Motivations

from Part I - Wealth Creation

Published online by Cambridge University Press:  11 January 2021

Georges Enderle
Affiliation:
University of Notre Dame, Indiana
Get access

Summary

Because motivations constitute an essential part of economics, understood in the ethics-related sense, of economic systems and of religious and non-religious worldviews, they are also essential for the conception of wealth creation. The wide range of motivations discussed in the economic, sociological and psychological literatures can be divided into two large groups of self-regarding and other-regarding motivations. Self-regarding motivation in the form of self-interest is prevailing in economics and other social sciences, commonly attributed to the “economic man” as self-interest maximizer. While self-interest is acknowledged as a powerful motivation for creating private wealth in the market place, it is critically examined in its often exclusive claim of rationality and is utterly insufficient for creating public wealth from the local to the global level. Other-regarding motivations such as a sense for the common good, solidarity and justice are needed for the creation of public wealth.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2021

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×