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:  **  global difference principle **  global equality of opportunity **  individualism versus culture Mutual benefit motivates trade  **  selfish **  trading parties well-informed about their own utility Altruism motivates, to some extent, aid  **  warm glow from giving **  donor not necessarily well-informed about recipient utility