The Economic Consequences of Altruism

Abstract

Altruism seens to have a bad name among economists. Adam Smith pointed out that self‐interest, under the benign guidance of the invisible hand, was the engine that made the economic world go round. Altruism was worse than irrelevant; it was pernicious.

Citation

Haines, W.W. (1981), "The Economic Consequences of Altruism", International Journal of Social Economics, Vol. 8 No. 4, pp. 50-69. https://doi.org/10.1108/eb013891