2 ms·
That's a great example of a mutually beneficial but morally repugnant trade, but markets generally don't coerce people in this sense. Markets more often reach t
by tpeo 10y ago
That's a great example of a mutually beneficial but morally repugnant trade, but markets generally don't coerce people in this sense. Markets more often reach the fairest possible solution given an initially unfair situation (say, where one side has a gun and the other doesn't), and the fairness or unfairness of the whole thing depends on how property rights were initially allocated.