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Involuntary Transfers

In: A Moderate Compromise

Author

Listed:
  • Steven Suranovic

Abstract

Transfer profit is a benefit received by one agent as a direct consequence of a comparable loss to another. With transfer profit, one party gains, the other loses equally; nothing new is produced. There is no surplus value accruing as with voluntary exchange. There are two variations of transfer profit. Involuntary transfer profit, discussed in this chapter, occurs when the losing party must suffer the transfer unwillingly or unknowingly. In contrast, voluntary transfer profit, discussed in chapter 9, arises when the losing party makes the transfers willingly, as with charity or philanthropy.

Suggested Citation

  • Steven Suranovic, 2010. "Involuntary Transfers," Palgrave Macmillan Books, in: A Moderate Compromise, chapter 0, pages 133-155, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-11460-9_7
    DOI: 10.1057/9780230114609_7
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