Not a Zero-Sum Game - Ludwig von Mises Institute

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Not a Zero-Sum Game The Paradox of Exchange Mr. Ayau is president emeritus of Universidad Francisco Marroquin in Guatemala
A short version of this essay, entitled "Property Rights and the General Theory of Exchange: Frequently Neglected Implications of the Division of Labour and the Law of Comparative Advantage," appeared in the journal Economic Affairs 26, no. 1 (March 2006): pp. 48-53. It is published here with permission from the Institute of Economic Affairs. CREDITS Author Manuel F. Ayau Editor Giancarlo Ibargiien S. Coordinator Andrea Tunarosa Revisions Elizabeth Hanckel Jennifer de Keller Marialys de Monterroso Claudia Sosa Layout and graphic design Tipos Diseiio Jorge Siguenza Copyright O 2007 Universidad Francisco Marroquin http://ufmpress.ufm.edu/bookstore books@ufm.edu.gt All rights reserved. Printed in Guatemala. No part of this book may be reproduced in any manner without permission from Universidad Francisco Marroquin. Ayau, Manuel F. Not a Zero-Sum Game, the paradox of exchange / Manuel F. Ayau; foreword by Donald Boudreaux y Roger LeRoy Miller. Guatemala : Universidad Francisco Marroquin, 2007. 84 p. : il. ,21 cm. Includes bibliographical references ISBN: 99922-799-9-0 1. Transaction costs 2. Right of property 3. Free trade 4. Economics I Boudreaux, Donald I1 LeRoy Miller, Roger Library of Congress Cataloguing-in-Publication Data
Page 2: I I E ~ nn E i~ hn $hat f!ze Laao n
Page 8: Acknowledgments Many thanks for the
Page 11 and 12: NOT A ZERO-SUM GAME Table of Conten
Page 14 and 15: Foreword by Donald Boudreaux THE PA
Page 16 and 17: Foreword by Roger Miller THE PARADO
Page 18: THE PARADOX OF EXCHANGE Law and Eco
Page 21 and 22: NOT A ZERO-SUM GAME specialization.
Page 23 and 24: NOT A ZERO-SUM GAME Sir William Bla
Page 25 and 26: NOT A ZERO-SUM GAME It is not clear
Page 27 and 28: NOT A ZERO-SUM GAME the game is ove
Page 29 and 30: NOT A ZERO-SUM GAME increase produc
Page 31 and 32: NOT A ZERO-SUM GAME why it behooves
Page 33 and 34: NOT A ZERO-SUM GAME We will measure
Page 35 and 36: NOT A ZERO-SUM GAME Obviously, when
Page 37 and 38: NOT A ZERO-SUM GAME managerial abil
Page 39 and 40: NOT A ZERO-SUM GAME It is true that
Page 41 and 42: k %&> Trade as a Distributor of Wea
Page 43 and 44: NOT A ZERO-SUM GAME up getting stuc
Page 45 and 46: NOT A ZERO-SUM GAME Only competitor
Page 48 and 49: Epilogue Property Rights Matter In
Page 50 and 51: Foreign Exchange Comments on Trade
Page 52 and 53: different in each place. Although t
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PART 11 COMMENTS ON TRADE BETWEEN "
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Now suppose that the government of
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This is only possible politically b
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NOT A ZERO-SUM GAME tially the case
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NOT A ZERO-SUM GAME While far from
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NOT A ZERO-SUM GAME injurious U.S.
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NOT A ZERO-SUM GAME Free trade mean
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NOT A ZERO-SUM GAME pally steel and
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NOT A ZERO-SUM GAME As the delinque
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Selected Bibliography Basti-at, Frk
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