Involuntary Transfers

Steven Suranovic

Chapter Chapter 7 in A Moderate Compromise, 2010, pp 133-155 from Palgrave Macmillan

Abstract: Abstract Transfer profit is a benefit received by one agent as a direct consequence of a comparable loss to another. With transfer profit, one party gains, the other loses equally; nothing new is produced. There is no surplus value accruing as with voluntary exchange. There are two variations of transfer profit. Involuntary transfer profit, discussed in this chapter, occurs when the losing party must suffer the transfer unwillingly or unknowingly. In contrast, voluntary transfer profit, discussed in chapter 9, arises when the losing party makes the transfers willingly, as with charity or philanthropy.

Keywords: Environmental Protection Administration; Progressive Taxation; Voluntary Exchange; Negative Reciprocity; Fairness Principle (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1057/9780230114609_7

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