---
title: "Self-Interest Definition and Impact | Model Diplomat"
description: "Self-interest is a key concept in Adam Smith's theory, where individuals act for personal gain, benefiting society through market exchanges."
url: "https://modeldiplomat.com/learn/glossary/self-interest"
---

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Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- A fundamental concept in Adam Smith's theory, suggesting that individuals act in their own interest, benefiting society as a whole.
- What role does self-interest play in economics?
- Is self-interest always positive?
- Who popularized the concept of self-interest in economics?

[Leaders & Thinkers](https://modeldiplomat.com/learn/leaders/glossary)Updated June 22, 2026

A fundamental concept in Adam Smith's theory, suggesting that individuals act in their own interest, benefiting society as a whole.

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According to Adam Smith, self-interest drives individuals to create goods that benefit society.

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