Ethical egoism is a system of creating a morality based not only on one's actions, but one's beliefs about those actions. A person's actions must not create good for others, only for themselves. Although many disagree with the theory of ethical egoism, there are a number convincing arguments in its favor. When one considers the theory at face value, there is little that can be said wrong about it. What could possibly be bad about each person devoting their lives to maximizing their own personal good? Isn't that what we're all looking for anyway? Don't we all want good lives? In addition, if each person is living in a state which they consider good, then ethical egoists believe that this will bring about some universal good as well. The point of ethical egoism is not to bring about an overall good, yet through the actions of individuals, it will supposedly do so. Each person acting under the theory of ethical egoism is not obliged to bring about a greater good, but it will exist nonetheless. Another appealing aspect of ethical egoism is that it allows each individual to make decisions which will ultimately make them happy. It allows people the freedom to decide what is good for them and therefore it allows them to create their own system of morality. People have the right to do what they feel is going to benefit their good without having the sense that they are doing something morally wrong. Although many people do not necessarily see this as a good thing, it is a consideration that many see as favorable. After analyzing the ethical egoist theory a bit further, one begins to see that the theory is not as clear cut as one would like to think. There are several discrepancies in the ideas behind the theory as well as problems with putting the theory into practice. One thing to take a second look at is the argument that the ethical egoist theory promotes selfishness and greed. As we have seen, this is not entirely true. An ethical egoist is...