Economists treat voluntary exchange as necessarily mutually beneficial: if a party chose to enter a transaction, it must make each party better off by their own subjective valuation.

definitionpending

Speaker

Russ Roberts

Evidence Quote

if it's voluntary must be mutually beneficial

Source

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

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