Many people today believe that everyone is self-interested at all times. They say that people have no choice but to be selfish, in some way. This is a doctrine of human nature that’s been around for centuries, and it’s called “psychological egoism.” In this video, I’ll explain why this idea is wrong, and how it rests on a confused idea of what self-interest means.
So let’s get right to it. What does self-interest really mean? Does it mean doing whatever you want? No, it doesn’t.