Working at Walmart or in third-world sweatshops is judged not-euvoluntary by critics because the worker's BATNA is unemployment; economists' reply that the worker is better off is met with 'I don't care,' which really means the disparity in badness is too large—Marx's 'reserve army of the unemployed' lets the corporation take advantage.

causalpending

Speaker

Mike Munger

Evidence Quote

their best alternative to a negotiated exchange is unemployment

Source

Mike Munger on Exchange, Exploitation and Euvoluntary Transactions 06/20/2011EconTalk
Created: 6/17/2026, 10:09:19 AM

My Notes

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