Exchange

• “COMMERCE, n. A kind of transaction in which A plunders from B the goods of C, and for compensation B picks the pocket of D of money belonging to E.”

• “Specialization and trade are the key to high living standards. By specializing, people can become highly productive in a very narrow field of expertise. People can then trade their specialized goods for others’ products, vastly increasing the range and quality of consumption and having the potential to raise everyone’s living standards.”

• “The freedom of trade, like the liberty of the Press, is one thing; the abuse of that freedom, like the licentiousness of the Press, is another. God forbid that this Court should do anything that should interfere with the legal freedom of trade.”

• “The great object of the law is to encourage commerce.”

• “Convenience is the basis of mercantile law.”

• “Whether a transaction be fair or fraudulent is often a question of law: it is the judgment of law upon facts and intents.”

Quotes via Wikiquote (CC BY-SA), each with its original source.

Exchange across IJR

Open questions

how to check if a company is quoted on a stock exchangewhat is characterized by the unregulated exchange of services and goods

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