{"id":1327,"date":"2013-06-27T15:46:09","date_gmt":"2013-06-27T15:46:09","guid":{"rendered":"http:\/\/www.complejidadsocial.udd.cl\/?p=1327"},"modified":"2013-06-27T15:46:09","modified_gmt":"2013-06-27T15:46:09","slug":"euvoluntariness-and-just-market-exchange-moral-dilemmas-from-lockes-venditio","status":"publish","type":"post","link":"https:\/\/gobierno.udd.cl\/cics\/2013\/06\/27\/euvoluntariness-and-just-market-exchange-moral-dilemmas-from-lockes-venditio\/","title":{"rendered":"Euvoluntariness and just market exchange: moral dilemmas from Locke\u2019s Venditio"},"content":{"rendered":"<p>Ricardo Andres Guzman and Michael C. Munger. Public Choice . DOI\u00a0 10.1007\/s11127-013-0090-x<\/p>\n<p><strong>ABSTRACT<\/strong><\/p>\n<p>It is a maxim of Public Choice that voluntary exchanges should not be interfered with by the state. But what makes a voluntary market exchange truly voluntary? We suggest, <em>contra<\/em> much of the economics literature, that voluntary exchange requires consent uncoerced by threats of harm, but that this is not sufficient. In particular, a person pressured to exchange by the dire consequences of failing to exchange\u2014e.g., dying of thirst or hunger\u2014is still coerced, and coerced exchange cannot be voluntary. The weaker party\u2019s desperation gives the other party unconscionable bargaining power. We argue for a distinction, based on a neologism: in the case of coercion by circumstance but not by threat, exchange is still voluntary in the conventional sense, but it is not <em>euvoluntary<\/em> (i.e., truly voluntary). We will argue that all euvoluntary exchanges are just, while non-euvoluntary exchanges may or may not be unjust; that in competitive markets all exchanges are just, even those that are not euvoluntary, while in bilateral monopolies some exchanges are neither euvoluntary nor just. We will propose a mental device, the \u201cfictitious negotiation\u201d, to determine the just price in non-euvoluntary market exchanges. A\u00a0primitive version of these ideas can be found in a little known monograph by John Locke, which we will analyze in detail.<\/p>\n<p><a href=\"https:\/\/gobierno.udd.cl\/cics\/files\/2013\/07\/10.1007-2Fs11127-013-0090-x-RG.pdf\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-85\" src=\"https:\/\/gobierno.udd.cl\/cics\/files\/2012\/07\/pdf-cics.jpg\" alt=\"PDF\" width=\"40\" height=\"40\" \/><\/a><\/p>\n<p>Do not disseminate\/print without permission of copyright holder.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ricardo Andres Guzman and Michael C. Munger. Public Choice . DOI\u00a0 10.1007\/s11127-013-0090-x ABSTRACT It is a maxim of Public Choice that voluntary exchanges should not be interfered with by the state. But what makes a voluntary market exchange truly voluntary? We suggest, contra much of the economics literature, that voluntary exchange requires consent uncoerced by [&hellip;]<\/p>\n","protected":false},"author":9192218,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,5],"tags":[],"class_list":["post-1327","post","type-post","status-publish","format-standard","hentry","category-papers","category-publications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Euvoluntariness and just market exchange: moral dilemmas from Locke\u2019s Venditio - Centro de Investigaci\u00f3n en Complejidad Social<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gobierno.udd.cl\/cics\/2013\/06\/27\/euvoluntariness-and-just-market-exchange-moral-dilemmas-from-lockes-venditio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Euvoluntariness and just market exchange: moral dilemmas from Locke\u2019s Venditio - Centro de Investigaci\u00f3n en Complejidad Social\" \/>\n<meta property=\"og:description\" content=\"Ricardo Andres Guzman and Michael C. Munger. Public Choice . DOI\u00a0 10.1007\/s11127-013-0090-x ABSTRACT It is a maxim of Public Choice that voluntary exchanges should not be interfered with by the state. But what makes a voluntary market exchange truly voluntary? We suggest, contra much of the economics literature, that voluntary exchange requires consent uncoerced by [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gobierno.udd.cl\/cics\/2013\/06\/27\/euvoluntariness-and-just-market-exchange-moral-dilemmas-from-lockes-venditio\/\" \/>\n<meta property=\"og:site_name\" content=\"Centro de Investigaci\u00f3n en Complejidad Social\" \/>\n<meta property=\"article:published_time\" content=\"2013-06-27T15:46:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gobierno.udd.cl\/cics\/files\/2012\/07\/pdf-cics.jpg\" \/>\n<meta name=\"author\" content=\"mariapia.kralemann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mariapia.kralemann\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/gobierno.udd.cl\/cics\/2013\/06\/27\/euvoluntariness-and-just-market-exchange-moral-dilemmas-from-lockes-venditio\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/gobierno.udd.cl\/cics\/2013\/06\/27\/euvoluntariness-and-just-market-exchange-moral-dilemmas-from-lockes-venditio\/\"},\"author\":{\"name\":\"mariapia.kralemann\",\"@id\":\"https:\/\/gobierno.udd.cl\/cics\/#\/schema\/person\/129ad217f6071913cdd7514153362439\"},\"headline\":\"Euvoluntariness and just market exchange: moral dilemmas from Locke\u2019s Venditio\",\"datePublished\":\"2013-06-27T15:46:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/gobierno.udd.cl\/cics\/2013\/06\/27\/euvoluntariness-and-just-market-exchange-moral-dilemmas-from-lockes-venditio\/\"},\"wordCount\":250,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/gobierno.udd.cl\/cics\/2013\/06\/27\/euvoluntariness-and-just-market-exchange-moral-dilemmas-from-lockes-venditio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/gobierno.udd.cl\/cics\/files\/2012\/07\/pdf-cics.jpg\",\"articleSection\":[\"PAPERS\",\"PUBLICATIONS\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/gobierno.udd.cl\/cics\/2013\/06\/27\/euvoluntariness-and-just-market-exchange-moral-dilemmas-from-lockes-venditio\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gobierno.udd.cl\/cics\/2013\/06\/27\/euvoluntariness-and-just-market-exchange-moral-dilemmas-from-lockes-venditio\/\",\"url\":\"https:\/\/gobierno.udd.cl\/cics\/2013\/06\/27\/euvoluntariness-and-just-market-exchange-moral-dilemmas-from-lockes-venditio\/\",\"name\":\"Euvoluntariness and just market exchange: moral dilemmas from Locke\u2019s Venditio - 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