The Physical Basis of Voluntary Trade

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"This article has put forth a theory of the default conditions a person needs to make a voluntary decision to participate in the economic system. It argues that genuinely voluntary trade requires that individuals have unconditional alternative to market participation that is not thoroughly bad in an absolute sense. This alternative involves individuals having access to the resources or the goods necessary to secure their basic needs which can be understood in terms of Nussbaum’s basic capabilities or Doyal and Gough’s basic human needs."


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