Ethical egoism is the normative ethical position that moral agents ought to do what is in their own self-interest 1. Ethical egoism holds that actions whose consequences will benefit the doer can be considered ethical 2. Ethical egoism does not, however, require moral agents to harm the interests and well-being of others when making moral deliberation; e.g. what is in an agent's self-interest may be incidentally detrimental, beneficial, or neutral in its effect on others 3. In the words of James Rachels, "Ethical egoism [...] endorses selfishness, but it doesn't endorse foolishness."[2] 4. -------------------------------------------------
Forms of ethical egoism[edit] 5. Ethical egoism can be broadly divided into three categories: individual, personal, and universal. An individual ethical egoistwould hold that all people should do whatever benefits "my" (the individual) self-interest; a personal ethical egoist would hold that he or she should act in his or her self-interest, but would make no claims about what anyone else ought to do; auniversal ethical egoist would argue that everyone should act in ways that are in their self-interest

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Justifications[edit]
Philosopher James Rachels, in an essay that takes as its title the theory's name, outlines the three arguments most commonly touted in its favor:[10] * "The first argument," writes Rachels, "has several variations, each suggesting the same general point:[11] * "Each of us is intimately familiar with our own individual wants and needs. Moreover, each of us is uniquely placed to pursue those wants and needs effectively. At the same time, we know the desires and needs of others only imperfectly, and we are not well situated to pursue them. Therefore, it is reasonable to believe that if we set out to be 'our brother's keeper,' we would often bungle the job and end up doing more mischief than good."[2] * To pursue actively the interests of others is to be officious. We should mind our own business and allow others to mind theirs. * To give charity to someone is to degrade him, implying as it does that he is reliant on such munificence and quite unable to look out for himself. "That," reckons Rachels, "is why the recipients of 'charity' are so often resentful rather than appreciative.

Ayn Rand argued that there is a positive harmony of interests among free, rational humans, such that no moral agent can rationally coerce another person consistently with his own long-term self-interest. Rand argued that other people are an enormous value to an individual's well-being (through education, trade and affection), but also that this value could be fully realized only under conditions of political and economic freedom. According to Rand, voluntary trade alone can assure that human interaction is mutually beneficial.[18] Rand's student, Leonard Peikoff has argued that the identification of one's interests itself is impossible absent the use of principles, and that self-interest cannot be consistently pursued absent a consistent adherence to certain ethical principles
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Criticisms[edit]
According to amoralism, there is nothing wrong with egoism, but there is also nothing ethical about it; one can adoptrational egoism and drop morality as a superfluous attribute of the egoism.
Ethical egoism has been alleged as the basis for immorality. Egoism has also been alleged as being outside the scope of moral philosophy. Thomas Jefferson writes in an 1814 letter to Thomas Law:
Self-interest, or rather self-love, or egoism, has been more plausibly substituted as the basis of morality. But I consider our relations with others as constituting the boundaries of morality. With ourselves, we stand on the ground of identity, not of relation, which last, requiring two subjects, excludes self-love confined to a single one. To ourselves, in strict language, we can owe no duties, obligation requiring also two parties. Self-love, therefore, is no part of morality. Indeed, it is exactly its counterpart.[21]
In contrast, Rand saw ethics as a necessity for human survival and well-being, and argued that the "social" implications of morality, including natural rights, were simply a subset of the wider field of ethics. Thus, for Rand, "virtue" included productiveness, honesty with oneself, and scrupulousness of thought. Although she greatly admired Jefferson, she also wrote:
[To those who say] that morality is social and that man would need no morality on a desert island—it is on a desert island that he would need it most. Let him try to claim, when there are no victims to pay for it, that a rock is a house, that sand is clothing, that food will drop into his mouth without cause or effort, that he will collect a harvest tomorrow by devouring his stock seed today—and reality will wipe him out, as he deserves; reality will show him that life is a value to be bought and that thinking is the only coin noble enough to buy it.[22]
In The Moral Point of View, Kurt Baier objects that ethical egoism provides no moral basis for the resolution of conflicts of interest, which, in his opinion, form the only vindication for a moral code. Were this an ideal world, one in which interests and purposes never jarred, its inhabitants would have no need of a specified set of ethics, according to Baier. This, however, is not an "ideal world." Baier believes that ethical egoism fails to provide the moral guidance and arbitration that it necessitates. Far from resolving conflicts of interest, claimed Baier, ethical egoism all too often spawns them. To this, as Rachels has shown, the ethical egoist may object that he cannot admit a construct of morality whose aim is merely to forestall conflicts of interest. "On his view," he writes, "the moralist is not like a courtroom judge, who resolves disputes. Instead, he is like the Commissioner of Boxing, who urges each fighter to do his best."[23]
Baiers is also part of a team of philosophers who hold that ethical egoism is paradoxical, implying that to do what is in one's best interests can be both wrong and right in ethical terms. Although a successful pursuit of self-interest may be viewed as a moral victory, it could also be dubbed immoral if it prevents another person from executing what is in his best interests. Again, however, the ethical egoists have responded by assuming the guise of the Commissioner of Boxing. His philosophy precludes empathy for the interests of others, so forestalling them is perfectly acceptable. "Regardless of whether we think this is a correct view," adds Rachels, "it is, at the very least, a consistent view, and so this attempt to convict the egoist of self-contradiction fails."[24]
Finally, it has been averred that ethical egoism is no better than bigotry in that, like racism, it divides people into two types — themselves and others — and discriminates against one type on the basis of some arbitrary disparity. This, to Rachels's mind, is probably the best objection to ethical egoism, for it provides the soundest reason why the interests of others ought to concern the interests of the self. "What," he asks, "is the difference between myself and others that justifies placing myself in this special category? Am I more intelligent? Do I enjoy my life more? Are my accomplishments greater? Do I have needs or abilities that are so different from the needs and abilities of others? What is it that makes me so special? Failing an answer, it turns out that Ethical Egoism is an arbitrary doctrine, in the same way that racism is arbitrary. [...] We should care about the interests of other people for the very same reason we care about our own interests; for their needs and desires are comparable to our own."[25]