Wednesday, March 21, 2012

The Two Theorems of Euvoluntary Exchange

I have said this several places, but I think it meet to summarize. There are two essential claims behind the idea of spelling out when exchanges are "euvoluntary."

1. The state is never justified in interfering with euvoluntary exchanges.

2. Even if exchanges are not euvoluntary based on condition 6 (disparity in BATNAs), interfering with exchange often makes the worst off, EVEN WORSE OFF. This point is made many places, but you will find it made well, and often, over at "Blunt Object." BATNA: Speak it, understand it.

1 comment:

  1. Thanks for the link!

    Given that they're dropping off the front page, I think the (most recent) posts you're referring to are here and here.


Do you have suggestions on where we could find more examples of this phenomenon?