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Ethical Egoism like all other moral philosophical theories tries to develop a comprehensive set of rules by which each person should govern their lives Instead of approaching each daily decision separately and interpreting the correct response philosophers try to find an overall nucleus of rules that will guide each person in their daily lives This is obviously not an easy task Ethical egoism tries to solve the problem in terms of maximizing ones individual good Many people would say that being concerned with your own personal good is simply the definition of selfishness but with an understanding of different types of egoism one can see that what might seem like selfishness is actually an ethical view of self interestThe theory of ethical egoism considered here comes from the ethical reasoning of consequentialism in which the concentration is on the consequences of human actions Donaldson Werhane p3 It is a theory that states It construes the right action as action whose consequences considered among all alternatives maximizes my good that is action that benefits me the most or harms me the least Donaldson Werhane p3 In other words it says that what is morally right for a person is what is good for him or herself People can have all sorts of right or wrong ideas about what is good for them What one wants is what is really good for him or her not just what he or she thinks is Professor James Stieb More specifically it says that right actions are those which promote self-interest and wrong actions are those which detract from self-interest Whatever brings us the greatest degree of good is right The ethical egoist is not concerned with maximizing the good of the people as a whole which is the basic definition of utilitarianism Donaldson Werhane p3 When one considers the theory at face value there is little that can be said wrong about it What could possibly be bad about
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