RULES OF ETHICAL AND MORAL EXCHANGES DEFINITION ETHICAL: no involuntary transfer

RULES OF ETHICAL AND MORAL EXCHANGES

DEFINITION

ETHICAL: no involuntary transfer local to the exchange

MORAL: no involuntary transfer external to the exchange.

CASES

AMORAL) Two people conduct a voluntary exchange. (non-violence)

UNETHICAL) Two people conduct an voluntary, asymmetrically productive exchange. (unethical)

ETHICAL) Two people conduct a voluntary, symmetrically productive exchange.(ethical)

IMMORAL) Two people conduct a voluntary, symmetrically productive exchange with externalities (immoral).

MORAL) Two people conduct a voluntary, symmetrically productive exchange without externalities (moral).