Episode
Michael Munger on Exchange, Exploitation and Euvoluntary Transactions
EconTalk · Jun 20, 2011 · 1 h 03 min
Mike Munger of Duke University talks with EconTalk host Russ Roberts about the psychology, sociology, and economics of buying and selling. Why are different transactions that seemingly make both parties better off frowned on and often made illegal? In theory, all voluntary transactions should make both parties better off. But Munger argues that some transactions are more voluntary than others.…