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A majority can never replace the individual. ... Just as a hundred fools do not make one wise man, a heroic decision is not likely to come from a hundred cowards. [Adolf Hitler, "Mein Kampf," 1933]
A view that stresses the importance and worth of each person. In economics, it is the doctrine that individuals best serve the public interest by pursuing their own self-interest. For example, the businessman who expands his company to increase his profits also creates jobs for many people and thereby serves the public interest. (See laissez-faire.)