The Right of Free Exchange

E188021

The Right of Free Exchange is a principle in Herbert Spencer’s political philosophy asserting that individuals should be free to trade goods, services, and labor without coercive interference from the state.

All labels observed (1)

Label Occurrences
The Right of Free Exchange canonical 1

How this entity was disambiguated

Statements (45)

Predicate Object
instanceOf component of Herbert Spencer's political philosophy ⓘ
liberal principle ⓘ
political principle ⓘ
aimsAt maximizing individual liberty in economic life ⓘ
minimizing state intervention in markets ⓘ
appliesTo contractual agreements ⓘ
exchange of goods ⓘ
exchange of labor ⓘ
exchange of services ⓘ
associatedWith classical liberalism ⓘ
individualism ⓘ
laissez-faire ⓘ
componentOf Herbert Spencer's broader system of natural rights ⓘ
Herbert Spencer's theory of justice ⓘ
coreIdea contracts between consenting adults should be respected ⓘ
individuals should be free to trade goods, services, and labor ⓘ
state should not coercively interfere with voluntary exchanges ⓘ
criticizedBy egalitarian liberals ⓘ
socialists ⓘ
criticizedFor ignoring structural inequalities in bargaining power ⓘ
potentially permitting exploitative labor contracts ⓘ
hasAuthor Herbert Spencer ⓘ
influencedBy classical economics ⓘ
natural rights theory ⓘ
justifiedBy moral autonomy of the individual ⓘ
principle of equal freedom ⓘ
normativeStatus moral right ⓘ
political right ⓘ
opposes coercive economic regulation ⓘ
compulsory labor regulations ⓘ
price controls ⓘ
protective tariffs ⓘ
state monopolies ⓘ
state-imposed trade restrictions ⓘ
relatedTo economic liberty ⓘ
freedom of association ⓘ
negative rights ⓘ
right to private property ⓘ
requires absence of coercion in market transactions ⓘ
legal protection of contracts ⓘ
secure property rights ⓘ
supports freedom of contract ⓘ
market competition ⓘ
private property rights ⓘ
voluntary exchange ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Social Statics → hasPart → The Right of Free Exchange ⓘ