Rules of Ethical and Moral Exchanges

DEFINITIONS ETHICAL: no involuntary transfer local to the exchange MORAL: no involuntary transfer external to the exchange. CASES NON/MORAL / 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).