The Just Price as the Price Obtainable in an Open Market

This article argues that the price obtainable in an open market provides the best standard for determining the justice or injustice of the price of a product. The article argues that this standard, which is closely related to positions which have been held for hundreds of years, is superior to sever...

Full description

Saved in:  
Bibliographic Details
Main Author: Elegido, Juan M. (Author)
Format: Electronic Article
Language:English
Check availability: HBZ Gateway
Journals Online & Print:
Drawer...
Fernleihe:Fernleihe für die Fachinformationsdienste
Published: Springer 2015
In: Journal of business ethics
Year: 2015, Volume: 130, Issue: 3, Pages: 557-572
Further subjects:B fair price
B Just price
B Open market standard
B Equality
Online Access: Volltext (JSTOR)
Volltext (lizenzpflichtig)
Description
Summary:This article argues that the price obtainable in an open market provides the best standard for determining the justice or injustice of the price of a product. The article argues that this standard, which is closely related to positions which have been held for hundreds of years, is superior to several alternative conceptions of the just price that have been put forward in recent years and is not subject to fundamental criticisms which can be addressed to them. The article also shows how this standard is grounded in more fundamental principles of justice such as desert and equality.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-014-2240-6