Sure that is the basis for classical political economy etc..Adam Smith blah blah, that you can make a 'science' of economics etc because people rationally seek to maximise their own utility, ergo people can be predicted, universal laws of economic behavior discovered.
(Original post by Classical Liberal)
What you are describing is neo-classical economics
It seems implicit in utilitarianism though and it is no coincidence Adam Smith was a utilitarianism?
Why else place an ethical imperative on maximising utility unless it is what individuals would do in a 'natural state'?
Last edited by snozzle; 21-03-2012 at 15:57.