Mike Munger on Exchange, Exploitation and Euvoluntary Transactions 06/20/2011

Mike Munger on Exchange, Exploitation and Euvoluntary Transactions 06/20/2011

EconTalk

youtube

YouTube Description

Mike Munger of Duke University talks with EconTalk host Russ Roberts about the psychology, sociology, and economics of buying and selling. Why are different transactions that seemingly make both parties better off frowned on and often made illegal? In theory, all voluntary transactions should make both parties better off. But Munger argues that some transactions are more voluntary than others. Munger lists the attributes of a truly voluntary transaction, what he calls a euvoluntary transaction and argues that when transactions are not euvoluntary, they may be outlawed or seen as immoral. Related issues that are discussed include price gouging after a natural disaster, blackmail, sales of human organs, and the employment of low-wage workers. https://www.econtalk.org/munger-on-exchange-exploitation-and-euvoluntary-transactions/

Duration1h 3m
Date12/11/2019
Claims27

Source URL

https://www.youtube.com/watch?v=1rbWR_RoTXI
Added: 6/17/2026, 9:57:32 AM

Claims (27)