Illustrate the morality of market exchange

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Reference no: EM13192641

Economists typically view free and mutually advantageous exchanges as a good thing - in the words of economists, they are "Pareto Improving." However, we may find in the literature on the "morality of market exchange" and in Nozick's historical notion of justice as entitlements reasons for viewing such exchanges in more negative terms. Explain.

Reference no: EM13192641

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