The Market - Between the Actor's Own Interest and the Public Interest Cover Image

Пазарът – между собствения интерес на пазарния актьор и обществения интерес
The Market - Between the Actor's Own Interest and the Public Interest

Author(s): Viara Stoilova
Subject(s): Economy, Culture and social structure
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Public interest; own interest; selfish interest; invisible hand; market.

Summary/Abstract: The article focuses on the relationship between the actor’s own interest and the public interest in the functioning of the market. The methodological approach to analyzing this relationship is based on the metaphor of "invisible hand". The aim of the article is to justify the diminishing cooperative role of the "invisible hand" for the realization of the public interest. On the basis of the theoretical-analytical approach, the concepts of "own interest" and "public interest" are defined and the distinction between "own interest" and "selfish interest" is justified.

  • Issue Year: 1/2018
  • Issue No: 1
  • Page Range: 69-79
  • Page Count: 11
  • Language: Bulgarian