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A 19th-century precursor of modern public choice theory was the work of Swedish economist Knut Wicksell, [10] which treated government as political exchange, a quid pro quo, in formulating a benefit principle linking taxes and expenditures. [11]
Legalism is a Chinese political philosophy that holds that self-interest underlies human nature and therefore human behavior. [1] It is axiomatic in Legalism that a government can not truly be staffed by upright and trustworthy men of service, because every member of the elite—like any member of society—will pursue their own interests and thus must be employed for their interests. [2]
The public interest theory of regulation claims that government regulation acts to protect and benefit the public. [1] The public interest is "the welfare or well-being of the general public" and society. [2] Regulation in this context means the employment of legal instruments (laws and rules) for the implementation of policy objectives.
In contrast to enlightened self-interest is simple greed, or the concept of "unenlightened self-interest", in which it is argued that when most or all persons act according to their own myopic selfishness, the group suffers loss as a result of conflict, decreased efficiency and productivity because of lack of cooperation, and the increased expense each individual pays for the protection of ...
In his lectures at the Collège de France, Foucault often defines governmentality as the "art of government" in a wide sense, i.e. with an idea of "government" that is not limited to state politics alone, that includes a wide range of control techniques, and that applies to a wide variety of objects, from one's control of the self to the "biopolitical" control of populations.
Self-interest and consequentialism fail indirectly, while common-sense morality is directly collectively self-defeating. (So is self-interest, but self-interest is an individual theory.) Parfit showed, using interesting examples and borrowing from Nashian games, that it would often be better for us all if we did not put the welfare of our loved ...
Ulysses and the Sirens by H.J. Draper (1909). Self-control is an aspect of inhibitory control, one of the core executive functions. [1] [2] Executive functions are cognitive processes that are necessary for regulating one's behavior in order to achieve specific goals.
Businesses have an incentive to control anything that has power over them, including the media, academia and popular culture, and will try to capture them too. This is called "deep capture". [21] Regulatory public interest is based on market failure and welfare economics. It holds that regulation is the response of the government to public needs.