Abstract

If people have different resources, tastes, or needs, they may be able to exchange goods or services such that they each feel they have been made better off. This is trade. If people have different moral views, then there is another type of trade that is possible: they can exchange goods or services such that both parties feel that the world is a better place or that their moral obligations are better satisfied. We can call this moral trade. I introduce the idea of moral trade and explore several important theoretical and practical implications