UNIGE document Scientific Article
previous document  unige:97573  next document
add to browser collection
Title

The Metaphysics of Economic Exchanges

Authors
Published in Journal of Social Ontology. 2017, vol. 3, no. 2, p. 167-205
Abstract What are economic exchanges? The received view has it that exchanges are mutual transfers of goods motivated by inverse valuations thereof. As a corollary, the standard approach treats exchanges of services as a subspecies of exchanges of goods. We raise two objections against this standard approach. First, it is incomplete, as it fails to take into account, among other things, the offers and acceptances that lie at the core of even the simplest cases of exchanges. Second, it ultimately fails to generalize to exchanges of services, in which neither inverse preferences nor mutual transfers hold true. We propose an alternative definition of exchanges, which treats exchanges of goods as a special case of exchanges of services and which builds in offers and acceptances. According to this theory: (i) The valuations motivating exchanges are propositional and convergent rather than objectual and inverse; (ii) All exchanges of goods involve exchanges of services/actions, but not the reverse; (iii) Offers and acceptances, together with the contractual obligations and claims they bring about, lie at the heart of all cases of exchange.
Keywords Economic exchangesPreferencesServicesCommoditiesConditional promises
Identifiers
Full text
Structures
Research group Thumos
Citation
(ISO format)
MASSIN, Olivier, DAYER-TIEFFENBACH, Emma. The Metaphysics of Economic Exchanges. In: Journal of Social Ontology, 2017, vol. 3, n° 2, p. 167-205. https://archive-ouverte.unige.ch/unige:97573

16 hits

0 download

Update

Deposited on : 2017-10-11

Export document
Format :
Citation style :