Question

Discuss the connection between Ethical Egoism and Laissez-Faire Capitalism as an economic structure. In what way does Ethical Egoism justify this economic system? How does a Marxist interpretation critique these ideas? How do your beliefs align with these competing perspectives?

Answer 1

Ethical egoism in economic structure view the person self interest on wealth and Laissez faire capitalism in economic structure focus on private entities who own the factors of production..Capitalism needs market economy to make price and provide goods and service..Ethics egoism focus on values and rights which enable to achieve good or service..ethical egoism have connection with economic issues..different ethics value make different cost benefits..It has both goodness and badness for real world practices..egoism holds the person with self-response and ambitious for happiness..they treat people as a trading partner by voluntary charity..moral person motivated with spirit of self-sacrifice..
Marxist reject this ideas that human beings are nothing instead some products of their circumstances..marxist dismissed the ethics content of politics,it support the moralistic abstructions can serve adequate economic approaches..
Rules and virtues,moral value with our reaction with certain instance and kind of behavior important to justice..moral judgement and rich and poor concern with complexity utilizing economic structure..I accept with Adam smith who discover the capitalism,it is a political economy of wealth of nations..Human motivation,political economy towards egoism make commercial society..it has both social and political structure..