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Voluntary (un-coerced) exchange between two rational, self-interested individuals is, ipso facto, mutually gainful. But, the resulting gains from trade may not be fair in terms
- "Voluntary (un-coerced) exchange between two rational, self-interested individuals is, ipso facto, mutually gainful. But, the resulting gains from trade may not be fair in terms of their distribution between the two individuals. The same logic applies to questions around the fairness of international trade, even when it is free."Do you agree or disagree? Discuss critically.
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Environmental Economics and Management Theory, Policy and Applications
Authors: Scott J. Callan, Janet M. Thomas
6th edition
1111826673, 1111826676, 1439080634, 1439080631, 9781285528540 , 978-1111826673
