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If you can do it for free, there's some way to do it for money

Published online by Cambridge University Press:  27 August 2020

Jason Brennan  and
Peter Jaworski
Jason Brennan*
Affiliation:
McDonough School of Business, Georgetown University, WashingtonDC, USA
Peter Jaworski
Affiliation:
McDonough School of Business, Georgetown University, WashingtonDC, USA
*
*Corresponding author. Email: [email protected]
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Abstract

Markets without Limits defends the claim that there are no inherent limits to markets, in the sense that if something may permissibly be given away or exchanged outside of market or for free, then there is some realistic and plausible way of structuring a market that makes it morally permissible to exchange it for money. This paper reviews the basic strategy of the book, and then responds to criticisms from Geoffrey Hodgson's recent review. Hodgson claims to have identified counterexamples to our main thesis, which we dispute.

Keywords

Marketsmoral limitstransactions
Type
Comment
Information
Journal of Institutional Economics , Volume 17 , Issue 1 , February 2021 , pp. 171 - 175
Copyright
Copyright © Millennium Economics Ltd 2020

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