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Amando M Tetangco, Jr: Of ironies and synergy
| Content Provider | Semantic Scholar |
|---|---|
| Author | Jr Amando M. Tetangco |
| Copyright Year | 2015 |
| Abstract | Can self-interest lead to the greater good? Prior to Adam Smith1 it was counter-intuitive to say, “Yes.” Human nature, in its narrowest sense, if you must, is anathema to the proposition that individuals naturally uphold the common good. But proceeding from Smith’s theory, we tap individuals’ natural inclination to pursue their own interests. We motivate them to see that good governance works to their benefit. Self-interest therefore is channelled to nationally desirable ends. Another “irony” results supervised entities are now competing to adopt good governance principles! In doing so, there is cooperation with regulated entities. Competition toward cooperation. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.bis.org/review/r151217a.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
