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<p>That some mutually beneficial exchanges could be impermissibly exploitative is generally thought to be incompatible with welfarism – a perspective emphasising the moral value of satisfied preferences. The present article argues that both perspectives can be reconciled by turning Kaldor-Hicks inefficiency into a necessary condition for exploitation. The ensuing account provides a parsimonious answer to the so-called exploitation problem, at the cost of accurate intuition tracking.</p>

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A Welfarist Solution to the Exploitation Problem

  • 期刊论文

  • 发表日期：

    2026年4月20日

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  • Stanislas Richard

摘要

That some mutually beneficial exchanges could be impermissibly exploitative is generally thought to be incompatible with welfarism – a perspective emphasising the moral value of satisfied preferences. The present article argues that both perspectives can be reconciled by turning Kaldor-Hicks inefficiency into a necessary condition for exploitation. The ensuing account provides a parsimonious answer to the so-called exploitation problem, at the cost of accurate intuition tracking.