Egoism tends to receive a bad reputation or negative connotation because it is often confused with selfishness rather than the preservation of self-interest. Ethical egoism is the view that morally right actions are those that are in one’s own best interest. Since this is a consequentialist theory, the outcome is the determining factor. If the outcome is in the person’s best interest, then it is the morally right thing to do.

For example, Molly’s friends want her to go watch a band play, but she needs to do hours of homework because this is week two of the quarter. Molly’s friends complain that they never see her anymore because of her dedication to obtaining an education. If Molly neglects her homework and goes out, her grades will suffer and she risks failing the course. While she knows watching a band would be a lot more fun, she knows this is a time where she needs to assert her own self-interest of obtaining an education so that she can gain long term outcomes such as a better job and career advancement. After she explains this to her friends, they better understand why her schoolwork comes before social activities. This is the difference between self-interest and selfishness.

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