Ethical Egoism Essay Example | Topics and Well Written Essays - 500 words - 1

Ethical Egoism - Essay Example For example, while working at the Single Stop in Miami Dade College Kendal campus, it was clear that every activity had both benefits and costs. First, experience gained in working is very essential as one gets exposure to various challenges and thereby learning ways of overcoming them. Secondly, one gains the ability to manage time and to interact with people with different views and ideas that are usually helpful in life. It is also motivating to learn that through own efforts somebody else lives a better life through the role one played in their life success. In most cases, every action will have a cost under whatever circumstances. The costs are sometimes are minimal and outdone by the benefits, and acts as a motivation to others in most cases. Time is one of the major costs in engaging in an activity. It is a challenge to allocate time to assist others especially when there are no benefits tied to the activity. Engaging in an activity also requires dedication of own efforts, resources such as money or knowledge. These costs in most cases are necessary to part with in  daily  lives. The theory of ethical egoism offers a suitable platform for justification in every action one engages. The theory states that it is sufficient and necessary for action to stand as morally right if it maximizes one’s self interest (Shaffer-Landau 193). It takes two versions the individual and the universal ethical egoism. In individual ethical egoism, one should check on one’s own interests, and one should concern with others only if the extent of involvement contributes to own interests. In universal ethical egoism, everybody has an obligation to act on their best self-interest and ought to concern about others only if the extent of concern contributes to their self-interests. Thus, the theory outlines that before engaging in an action it is necessary to evaluate the benefits and the costs attached. If the costs exceed the benefits, then it is not