Rational Behavior of Employees Driven by Economic Interests

Abstract

In existing theories of human behavior the concept of self-interest is of immense significance. Debates over the self-interest in the economic theory have grown in scale as models of individual economic behavior within the rational choice theory and economic theory of welfare gained currency. The aim of the study is to explore modern concepts of self-interest and reveal trends in development of the self-interest theory as based on identification of preconditions, factors and criteria of rational behavior in hired personnel within an organization which is driven by the self-interest. The methods of analysis and synthesis, induction and deduction, analogy were employed in the study. Findings of the study: boundedly rational nature of the self-interest was revealed in the organization personnel; prescriptive nature of personal interest impact on behavior was revealed in the organization personnel; methodological aspects of self-interest identification in hired personnel were implemented based on analysis of their conscious rational behavior within the organization; practical prerequisites for economic behavior in personnel were identified.

DOI: 10.5901/mjss.2014.v5n20p671