David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
Learn more about PhilPapers
Business Ethics Quarterly 18 (3):347-378 (2008)
Price gouging occurs when, in the wake of an emergency, sellers of a certain necessary goods sharply raise their prices beyond the level needed to cover increased costs. Most people think that price gouging is immoral, and most states have laws rendering the practice a civil or criminal offense. The purpose of this paper is to explore some of the philosophic issues surrounding price gouging, and to argue that the common moral condemnation of it is largely mistaken. I make this argument in three steps, by rebutting three widely held beliefs about the ethics of price gouging: 1) that laws prohibiting price gouging are morally justified, 2) that price gouging is morally impermissible behavior, even if it ought not be illegal, and 3) that price gouging reflects poorly on the moral character of those who engage in it, even if the act itself is not morally impermissible.
|Keywords||Business Ethics Price Gouging Efficiency Exlpoitation Hayek Coercion|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Benjamin Powell & Matt Zwolinski (2012). The Ethical and Economic Case Against Sweatshop Labor: A Critical Assessment. [REVIEW] Journal of Business Ethics 107 (4):449-472.
Juan Manuel Elegido (2009). The Just Price: Three Insights From the Salamanca School. [REVIEW] Journal of Business Ethics 90 (1):29 - 46.
Jeffrey Moriarty (2012). Justice in Compensation: A Defense. Business Ethics 21 (1):64-76.
Jeffrey Moriarty (forthcoming). Is ‘Equal Pay for Equal Work’ Merely a Principle of Nondiscrimination? Economics and Philosophy:1-27.
Adam D. Bailey (2011). The Nonworseness Claim and the Moral Permissibility of Better-Than-Permissible Acts. Philosophia 39 (2):237-250.
Similar books and articles
James J. Angel & Douglas M. McCabe (2009). The Ethics of Speculation. Journal of Business Ethics 90 (3):277-286.
Matt Zwolinski (2010). Price Gouging and Market Failure. In Gerald Gaus, Julian Lamont & Christi Favor (eds.), ESSAYS ON PHILOSOPHY, POLITICS & ECONOMIC: INTEGRATION AND COMMON RESEARCH PROJECTS. Stanford University Press
Matt Zwolinski (2009). Dialogue on Price Gouging. Business Ethics Quarterly 19 (2):295-303.
Matt Zwolinski (2009). Price Gouging, Non-Worseness, and Distributive Justice. Business Ethics Quarterly 19 (2):295-306.
Jeremy Snyder (2009). What's the Matter with Price Gouging? Business Ethics Quarterly 19 (2):275-293.
Julian Lamont & Christi Favor (2009). Price Gouging in Disaster Zones: An Ethical Framework. Social Alternatives 28 (1):49-54.
Jeremy Snyder (2009). Efficiency, Equity, and Price Gouging: A Response to Zwolinski. Business Ethics Quarterly 19 (2):303-306.
Jeremy Snyder (2009). Efficiency, Equity, and Price Gouging. Business Ethics Quarterly 19 (2):303-306.
Per Sandin & Misse Wester (2009). The Moral Black Hole. Ethical Theory and Moral Practice 12 (3):291 - 301.
Added to index2009-01-28
Total downloads171 ( #19,962 of 1,793,059 )
Recent downloads (6 months)12 ( #65,113 of 1,793,059 )
How can I increase my downloads?