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Sorin Cucerai

Free Exchange and Ethical Decisions

Journal of Libertarian Studies

Author: Sorin Cucerai

Online Publish Date: July 30, 2014

Category: Monetary Theory, Free Markets, U.S. Economy

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,

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