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Essay text:
Voluntary exchange is defined as a trade of something which is done with both persons consent. For instance a problem with the theory Milton Friedman expresses through voluntary exchange is; how voluntary is a voluntary exchange when looked at in certain conditions. I will attempt to show that the prosperity and freedom promised by Friedman's theory has not been achieved by everyone. Friedman has many shortcomings and this essay will outline and criticise them, focusing mainly on his assumption of power, choice and market efficiency. This essay also addresses the issues of globalisation, as this is a concept also talked about by Friedman in his essay and is also relevant in neoliberal theory...
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