Voluntary Exchanges and Economic Sense
Michael Munger discusses the concept of voluntary exchanges and how it relates to economic sense. Despite pointing out that it makes no economic sense, people still prefer non-monetary incentives and resist the idea of monetizing transactions.In this clip
From this podcast
EconTalk
Michael Munger on Exchange, Exploitation and Euvoluntary Transactions
Related Questions
Is monetary gain the only motivation for people in their careers, as discussed in the episode Michael Munger on Love, Money, Profits, and Non-profits and the clip Love vs. Money, as well as in the episode 2: Rob Weinhold | The Art of Crisis Leadership and the clip Motivators of Bad Deeds?
What are the philosophical views on how money affects freedom?