The Journal of Libertarian Studies
Free Exchange and Ethical Decisions
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)
Cite This Article
Cucerai, Sorin. "Free Exchange and Ethical Decisions." Journal of Libertarian Studies 17, No. 2 (2003): 1–9.