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voluntary exchange

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Journal Article
History of Political Economy (2015) 47 (suppl_1): 174–198.
Published: 01 December 2015
... of public goods relates to the application of voluntary exchange theory—the idea that the revenue-expenditure process should be determined by the same fundamental laws and procedures that govern market prices in the private aspects of the economy. Driven by the changing political landscape of Europe...
Journal Article
History of Political Economy (2016) 48 (4): 733–740.
Published: 01 December 2016
...). Furthermore, although capital- ism had not fully developed, the first fairs in France, among them the famous Champagne fairs, were well organized by the start of the twelfth century (Milgrom, North, and Weingast 1990). In short, there were well- developed markets and plenty of voluntary exchanges...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 271–292.
Published: 01 December 2015
... voluntary exchange and, 191–93 Eastern Rate case of 1910, 63, 67 Wilson and, 68n Econometric Society and American Demsetz, Harold, 212 Economic Association, 156 Department of Commerce (US), Economic policy debate, 253–66, 55...
Journal Article
History of Political Economy (2017) 49 (1): 59–92.
Published: 01 March 2017
... Department. Based on his dissertation, the paper is a reconstruction of the voluntary exchange theory of public economy as can be found in Emil Sax, Antonio De Viti de Marco, Knut Wicksell, and in a more mature form, Erik Lindahl. From their perspective, “taxes accordingly appear as voluntary...
Journal Article
History of Political Economy (1979) 11 (4): 545–571.
Published: 01 November 1979
... of “voluntary exchange.” He ar- gues that the hampering of free exchanges was the same as an at- tack on “security” in that it annihilated the motives to labour. Exchanges were valuable because they made possible the divi- sion of labour. And only fourteen pages later he wrote...
Journal Article
History of Political Economy (2013) 45 (2): 223–254.
Published: 01 June 2013
... of Constitutional Democracy , by Buchanan James M. Tullock Gordon . Economic Journal 73 ( 289 ): 101 – 4 . Musgrave Richard A. 1939 . “ The Voluntary Exchange Theory of Public Economy .” Quarterly Journal of Economics 53 ( 2 ): 213 – 37 . ———. 1941 . “ The Planning Approach...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 1–19.
Published: 01 December 2015
.... A. 1939 . “The Voluntary Exchange Theory of Public Economy.” Quarterly Journal of Economics 53 : 213 – 37 . ———. 1959 . The Theory of Public Finance . New York : McGraw-Hill . Musgrave R. A. Peacock A. T. , eds. 1958 . Classics in the Theory of Public Finance . London...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 199–226.
Published: 01 December 2015
... . Mires Charlene . 2013 . Capital of the World: The Race to Host the United Nations . New York : New York University Press . Musgrave Richard . 1939 . “The Voluntary Exchange Theory of Political Economy.” Quarterly Journal of Economics 53 ( 2 ): 213 – 37 . ———. 1959...
Journal Article
History of Political Economy (1969) 1 (1): 44–66.
Published: 01 March 1969
... to corroborate the common analytical perspective in the two parts of Aristotle’s work. Can Man Be Voluntarily Unjust to Himself? In the Politics it appears that Aristotle is thinking of voluntary exchange as being that which takes place between self-sufficient agri- cultural villagers who exchange...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 147–173.
Published: 01 December 2015
..., Wick- sell, Lindahl, Musgrave, and Bowen, economists have rather neglected the theory of optimal public expenditure, spending most of their energy on the theory of taxation.”5 The literature to which he refers is on what was known as the “voluntary exchange theory of public finance.” Samuelson’s...
Journal Article
History of Political Economy (2018) 50 (3): 511–548.
Published: 01 September 2018
... Issues in Political Economy: An Exchange of Correspondence .” Journal of Economic Issues 9 ( 1 ): 15 – 38 . Buchanan James M. Tullock Gordon ( 1962 ) 1999 . The Calculus of Consent: Logical Foundations of Constitutional Democracy . The Collected Works of James M. Buchanan , vol. 3...
Journal Article
History of Political Economy (1982) 14 (1): 37–64.
Published: 01 March 1982
... discussed, especially with reference to Lindahl’s voluntary exchange model of public goods. The subject has given rise to highly contradictory opinions. These issues will not be dealt with in this article, but some differences between Wicksell and Lindahl will be touched upon. At any rate...
Journal Article
History of Political Economy (1990) 22 (2): 381–403.
Published: 01 June 1990
.... Voluntary exchange and the evolution of markets Ghazali provides a surprisingly detailed discussion of the role and sig- nificance of voluntary trading activities and the emergence of markets, based on demand and supply forces in determining prices and profits. Indeed he seems to lay...
Journal Article
History of Political Economy (1984) 16 (2): 327–329.
Published: 01 June 1984
... intellectuals only with them, not with the apologists (chapter 3). Stigler’s expla- nation of the acceptance and adoption of marginal utility theory omits considera- tion of its role against Mam and socialism. Some interpretations (for example, of laissez-faire, p. 15, and voluntary exchange, p. 22) may...
Journal Article
History of Political Economy (1990) 22 (S1): 189–212.
Published: 01 December 1990
... benefit (or more strictly, expect to benefit) from the exchange The free market is the name for the array of all the voluntary exchanges that take place in the world. Since every exchange demonstrates a unanimity of benefit for both parties concerned, we must conclude that the free market benefits all its...
Journal Article
History of Political Economy (2001) 33 (3): 577–608.
Published: 01 September 2001
... . The Voluntary Exchange Theory of Public Economy. Quarterly Journal of Economics 53 (February): 213 -37. Phlips, Louis. 1983 . The Economics of Price Discrimination . Cambridge: Cambridge University Press. Pigou, A. C. 1912 . Wealth and Welfare . London: Macmillan. ____. 1913 . Railway Rates...
Journal Article
History of Political Economy (1995) 27 (4): 781–785.
Published: 01 November 1995
... one.” Far from it. All we are saying is that many of his ideas are similar to those we find-in contemporary texts-for example, voluntary exchange, price determination through market forces, profit motive, mo- tivation to freely trade and exchange, regional trade, stages of production...
Journal Article
History of Political Economy (1975) 7 (1): 36–42.
Published: 01 March 1975
... is concerned, although in other respects he probably adhered to the traditional view. The importance which the voluntary-exchange theory has played in public finance presumably explains in part why Ricardo’s proposition has not been generalized to comprise all resources; in addition, econ...
Journal Article
History of Political Economy (2017) 49 (4): 727–730.
Published: 01 December 2017
...: Routledge. Milton Friedman: Contributions to Economics and Public Policy. Edited by Robert A. Cord and J. Daniel Hammond. Oxford: Oxford University Press, 2016. xxv; 860 pp. $185.00. That the voluntary exchange of property rights in goods and services among self- interested agents can provide...
Journal Article
History of Political Economy (1986) 18 (3): 365–382.
Published: 01 September 1986
..., it is unlikely that another basis for exchange would be arrived at and it is also unlikely they would voluntarily agree to anything other than a 2:l exchange ratio. Self-interest is alone sufficient to establish a voluntary agreement at the 2:l ratio. The regard to the rulings of the spectator...