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In This Essay Pojman Makes a Case Against the Kind

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In this essay Pojman makes a case against the kind of ethical egoism defended by such thinkers as Thomas Hobbes and Ayn Rand. Appealing to the paradox of egoism, he distinguishes between two levels of thinking about the self. On a higher (tier 2) level, a person legitimately concerns him- or herself with prospects for his or her happiness, but, in so reflecting, he or she rationally concludes that the best way to realize happiness on an everyday (tier 1) level is to develop a strong (nonegoistic) disposition toward altruism. Limited, reciprocal altruism offers us the best chance for happiness.
-Pojman maintains that the main argument for ethical egoism

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Debt to Assets Ratio

A financial metric measuring the proportion of a company's total assets financed through debt, indicating financial leverage and risk.

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations based on its current income, indicating financial stability against interest charges.

Coupon Interest Rate

The fixed rate of interest paid by a bond to its holder at specified intervals until maturity.

Market Interest Rate

The prevailing rate of interest determined by supply and demand in the money market that borrowers must pay and lenders receive.

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