It is a maxim of Public Choice that voluntary exchanges should not be interfered with by the
state. But what makes a voluntary market exchange truly voluntary? We suggest, contra …

Entrepreneurs create products, take risks, and arbitrage price differences to earn profits, or
revenues in excess of costs. 1 Successful entrepreneurs are “wise,” in Cicero's sense, but …

It is common to say that in the commercial sphere of human activity one can be wise or
virtuous. We argue that one can be both: the profit motive can be consistent with virtue …

The case for consensual exchange by informed adults is both liberal and Paretian.
Consensual exchange meets (classically) liberal goals because free choice is an exercise in …