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Altruism (Voluntary costly behavior, motivated by the desire to help…
Altruism
Voluntary costly behavior, motivated by the desire to help another individual.
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Economic view:
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Adam Smith View: "it is not from the benevolence of the butch, the brewer, or the banker that we expect our dinner, but from their regard to their own interest.
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If the action does not carry to potential to compromise actors own welfare then it is not considered altruism, it is collective welfare.
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Volunteering as a function of increasing wealth. Society becomes wealthier, individuals engage more with charity
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