If an exchange between two parties is voluntary, i — Milton Friedman

If an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie that one party can only gain at the expense of another.
6 Views
Share

Comments (0)

Log in to post a comment.

No comments yet. Be the first to comment.