In today’s world, we’re often told that self-interest drives progress. From economics to daily life, we’re encouraged to focus on our own goals, believing that individual actions will ultimately lead to greater benefits for all. This is the foundation of many economic theories, including Adam Smith’s invisible hand. However, when we look deeper into economic systems, we see that cooperation—working together for the greater good—often leads to better outcomes than acting solely out of self-interest. In this post, we’ll explore why cooperation is crucial to success in both business and society, and why self-interest isn’t always the best choice.
The Economics of Cooperation: Why Self-Interest Isn’t Always the Best Choice
