Does the assumption of rational self-interest imply that society would be better off if more decisions about what to consume were made by government officials, rather than by individuals themselves?

Question

Quizplus · Accepted Answer

The assumption of rational self-interest suggests that individuals make decisions that maximize their own utility, which can lead to efficient outcomes in a market economy. Government intervention may not always lead to better outcomes due to potential inefficiencies and lack of information compared to individual decision-making.

Does the Assumption of Rational Self-Interest Imply That Society Would