The Just Price: Three Insights from the Salamanca School

Journal of Business Ethics 90 (1):29-46 (2009)

Abstract
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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DOI 10.1007/s10551-008-0024-6
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References found in this work BETA

Sweatshops, Choice, and Exploitation.Matt Zwolinski - 2007 - Business Ethics Quarterly 17 (4):689-727.
Exploitation.Alan Wertheimer - 1996 - Princeton University Press.

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Citations of this work BETA

Re-Thinking Capitalism: What We Can Learn From Scholasticism?Domènec Melé - 2016 - Journal of Business Ethics 133 (2):293-304.
The Ethics of Price Discrimination.Juan M. Elegido - 2011 - Business Ethics Quarterly 21 (4):633-660.
The Just Price as the Price Obtainable in an Open Market.Juan M. Elegido - 2015 - Journal of Business Ethics 130 (3):557-572.

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