The possibility of exchange

Julius Aj

Politics, Philosophy & Economics, 2013, vol. 12, issue 4, 361-374

Abstract: I first characterize a moral mistake in coercion. The principle of independence with which I criticize coercion seems also to condemn exchange. I propose an account of exchange from which it follows that exchange upholds independence after all. In support of that account I argue that, of the accounts of exchange that occur to me, only this one has the consequence that, on general assumptions, a person can take part in exchange while acting, intending, and believing with sufficient reason. I argue that the hiring of very poor people by very rich people for labor from which the rich draw a substantial surplus does not give rise to an exchange of this kind. These instances of the wage labor relation resemble coercion insofar as they violate independence.

Keywords: Coercion; exchange; offers; exploitation; reasons for action (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pophec:v:12:y:2013:i:4:p:361-374

DOI: 10.1177/1470594X13496068

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