Oh boy, everyone should tell those Indian slaves in Dubai. They can’t hold you prisoner guys, it’s not valid if it’s not voluntary, so you can just go home. The capitalists say it’s okay…wait, what? Oh! it was the capitalists who put them there.
Voluntary exchange is a fundamental assumption in classical economics and neoclassical economics which forms the basis of contemporary mainstream economics.[1] That is, when neoclassical economists theorize about the world, they assume voluntary exchange is taking place. Building on this assumption, neoclassical economics goes on to conclude a variety of important results such as that market activity is efficient, that free trade has net positive effects and that markets in which economic agents participate voluntarily make them better off. Notably, neoclassical economists—baseding the assumption of voluntary exchange—deny the Marxist definition of the exploitation of labour as a possibility within neoclassically defined capitalism.
So in an neoclassic definition that doesn’t reflect real world conditions?
Oh boy, everyone should tell those Indian slaves in Dubai. They can’t hold you prisoner guys, it’s not valid if it’s not voluntary, so you can just go home. The capitalists say it’s okay…wait, what? Oh! it was the capitalists who put them there.
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You should tell capitalists, it seems like they didn’t get the memo.
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You got a source on this definition? Because it sure sounds like bullshit
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Voluntary exchange is a fundamental assumption in classical economics and neoclassical economics which forms the basis of contemporary mainstream economics.[1] That is, when neoclassical economists theorize about the world, they assume voluntary exchange is taking place. Building on this assumption, neoclassical economics goes on to conclude a variety of important results such as that market activity is efficient, that free trade has net positive effects and that markets in which economic agents participate voluntarily make them better off. Notably, neoclassical economists—baseding the assumption of voluntary exchange—deny the Marxist definition of the exploitation of labour as a possibility within neoclassically defined capitalism.
So in an neoclassic definition that doesn’t reflect real world conditions?
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