Euvoluntary or not, exchange is just

Published

Journal Article

The arguments for redistribution of wealth, and for prohibiting certain transactions such as price-gouging, both are based in mistaken conceptions of exchange. This paper proposes a neologism, "euvoluntary" exchange, meaning both that the exchange is truly voluntary and that it benefits both parties to the transaction. The argument has two parts: First, all euvoluntary exchanges should be permitted, and there is no justification for redistribution of wealth if disparities result only from euvoluntary exchanges. Second, even exchanges that are not euvoluntary should generally be permitted, because access to market exchange may be the only means by which people in desperate circumstances can improve their position. © Copyright Social Philosophy and Policy Foundation 2011.

Full Text

Duke Authors

Cited Authors

  • Munger, MC

Published Date

  • June 1, 2011

Published In

Volume / Issue

  • 28 / 2

Start / End Page

  • 192 - 211

Electronic International Standard Serial Number (EISSN)

  • 1471-6437

International Standard Serial Number (ISSN)

  • 0265-0525

Digital Object Identifier (DOI)

  • 10.1017/S0265052510000269

Citation Source

  • Scopus