Journal of Libertarian Studies

Free Exchange and Ethical Decisions

The Journal of Libertarian Studies

The economic theory of interpersonal free exchange is beautifully simple. Given two individuals A and B, all we need for an exchange between them to take place is a double inequality. For example, suppose that A has an orange, and B has an apple. If A prefers B’s apple more than his own orange, while B prefers A’s orange more than his own apple, they will exchange.

This is simple, but it could also be misleading.

Volume 17, Number 2 (2003)


Cucerai, Sorin. “Free Exchange and Ethical Decisions.” Journal of Libertarian Studies 17, No. 2 (2003): 1–9.

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