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)|
References found in this work BETA
No references found.
Citations of this work BETA
The Ethical and Economic Case Against Sweatshop Labor: A Critical Assessment. [REVIEW]Benjamin Powell & Matt Zwolinski - 2012 - Journal of Business Ethics 107 (4):449-472.
The Ethical Crisis in Microfinance.Marek Hudon & Joakim Sandberg - 2013 - Business Ethics Quarterly 23 (4):561-589.
Global Labor Justice and the Limits of Economic Analysis.Joshua Preiss - 2014 - Business Ethics Quarterly 24 (1):55-83.
Similar books and articles
Efficiency, Equity, and Price Gouging.Jeremy Snyder - 2009 - Business Ethics Quarterly 19 (2):303-306.
Efficiency, Equity, and Price Gouging: A Response to Zwolinski.Jeremy Snyder - 2009 - Business Ethics Quarterly 19 (2):303-306.
Price Gouging in Disaster Zones: An Ethical Framework.Julian Lamont & Christi Favor - 2009 - Social Alternatives 28 (1):49-54.
What's the Matter with Price Gouging?Jeremy Snyder - 2009 - Business Ethics Quarterly 19 (2):275-293.
Price Gouging, Non-Worseness, and Distributive Justice.Matt Zwolinski - 2009 - Business Ethics Quarterly 19 (2):295-306.
Price Gouging and Market Failure.Matt Zwolinski - 2010 - In Gerald Gaus, Julian Lamont & Christi Favor (eds.), ESSAYS ON PHILOSOPHY, POLITICS & ECONOMIC: INTEGRATION AND COMMON RESEARCH PROJECTS. Stanford University Press.
Added to index2009-01-28
Total downloads193 ( #22,761 of 2,177,988 )
Recent downloads (6 months)7 ( #39,649 of 2,177,988 )
How can I increase my downloads?