Adam Smith made the point that individual pursuit of self-interest (egoistic conduct), even when subject to rules and constraints, always undermines the utilitarian goal of producing the most good for all.

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Adam Smith argued that individual pursuit of self-interest, although sometimes resulting in negative consequences, can be harnessed by a well-functioning market economy to generate overall societal benefits through the mechanism of the invisible hand. Thus, it does not always necessarily undermine the utilitarian goal of producing the most good for all.

Adam Smith Made the Point That Individual Pursuit of Self-Interest