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Blackmail, Unproductive Exchanges, Fraud, and the Libertarian Theory of Voluntariness
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Blackmail, Unproductive Exchanges, Fraud, and the Libertarian Theory of Voluntariness
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Journal Article
Blackmail, Unproductive Exchanges, Fraud, and the Libertarian Theory of Voluntariness
2024
Overview
The main purpose of this paper is to rationally reconstruct Nozick’s account of unproductivity, especially
his characteristically libertarian, and hence uncompromising, ban on fraud. We posit that, when Nozick’s theory is interpreted charitably, it does not yield to contradictory prescriptions concerning permissibility. That is, there does not have to be any inconsistency in the Nozickian ban on certain exchanges, with the ban tracking two properties of the said exchanges; that is, either (1) their unproductivity or (2) their fraudulence. When analyzing economic exchanges, our interest is focused on both productive and unproductive
exchanges. However, we suggest that Nozick’s banning exchanges along the lines of their unproductivity tallies poorly with his avowed libertarianism since his position predicts prohibiting unproductive and yet non-fraudulent exchanges. Hence, and we suggest resolving the said tension in a principled libertarian (deontological) manner; that is, by banning
and allowing
ones,
, while submitting that the properties of exchanges such that
or
are morally inert.
Publisher
Sciendo,De Gruyter Brill Sp. z o.o., Paradigm Publishing Services
Subject
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