‘Euvoluntary’ Exchange and the ‘Difference Principle’
49 Pages Posted: 3 Aug 2011
Date Written: August 2, 2011
Takes up the problem of “truly voluntary” (euvoluntary) exchange argued in Munger (Social Philosophy and Policy, Summer 2011) and extends it to apply to the problem of inequality of income. In particular, it is argued that there exists a link between Rawls’ difference principle and Hayek’s conception of a safety net within an otherwise pure free market.
Keywords: voluntary exchange, philosophy, inequality
JEL Classification: A13, B25
Suggested Citation: Suggested Citation