The just price: Three insights from the salamanca school [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 90 (1):29 - 46 (2009)
In the sixteenth and seventeenth centuries, members of the Salamanca School engaged in a sustained and sophisticated discussion of the issue of just prices. This article uses their contribution as a point of departure for a consideration of justice in pricing which will be relevant to current-day circumstances. The key theses of members of this school were that fairness of exchanges should be assessed objectively, that the fair price of an article is one equal to its ‘value’, and that the best indicator of that value is the price that article commonly fetches in an open market. This article tries to bring to light the attractiveness of those views in order to guide current practice by contrasting them with alternative views, showing their connection with intuitively attractive basic standards, and linking them to commonly shared intuitions.
|Keywords||fair price just price pricing Salamanca School marketing ethics|
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References found in this work BETA
Thomas Aquinas (1274). Summa Theologica. Hayes Barton Press.
Denis G. Arnold (2003). Exploitation and the Sweatshop Quandary. Business Ethics Quarterly 13 (2):243-256.
Walter Block (2002). A Critique of the Legal and Philosophical Case for Rent Control. Journal of Business Ethics 40 (1):75 - 90.
Joan Buckley & Séamus Ó Tuama (2005). International Pricing and Distribution of Therapeutic Pharmaceuticals: An Ethical Minefield. Business Ethics 14 (2):127–141.
Ken Hanly (1991). The Ethics of Rent Control. Journal of Business Ethics 10 (3):189 - 200.
Citations of this work BETA
André Azevedo Alves & José Manuel Moreira (2013). Virtue and Commerce in Domingo de Soto's Thought: Commercial Practices, Character, and the Common Good. [REVIEW] Journal of Business Ethics 113 (4):627-638.
João César das Neves & Domènec Melé (2013). Managing Ethically Cultural Diversity: Learning From Thomas Aquinas. [REVIEW] Journal of Business Ethics 116 (4):769-780.
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