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Cobi Smith edited Lecture_17_Trade_and_or__.md
over 8 years ago
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# Trade and/or aid
Start by revisiting global egalitarianism from last lecture:
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* global difference principle
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* global equality of opportunity
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* individualism versus culture
Mutual benefit motivates trade
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* selfish
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* trading parties well-informed about their own utility
Altruism motivates, to some extent, aid
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* warm glow from giving
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* donor not necessarily well-informed about recipient utility