José Luis Cendejas Bueno - Justice and just price in Francisco de Vitoria's Commentary on Summa Theologica II-II q77

jpe:8661 - Journal of Philosophical Economics, November 20, 2021, Volume XIV Issue 1-2 - https://doi.org/10.46298/jpe.8661
Justice and just price in Francisco de Vitoria's Commentary on Summa Theologica II-II q77

Authors: José Luis Cendejas Bueno

Following Thomas Aquinas, Francisco de Vitoria's analysis of justice in exchanges takes place by commenting on the corresponding questions of the Summa Theologica. The identification of the just price with that of common estimation occurs under a sufficient concurrence of sellers and buyers. A high level of concurrence limits the ability to take advantage of the need on the other side of the market. This fact guaranties a full consent of the parties involved in trading. Under conditions of market power or when some authority fixes a legal price, just price should also be taken as a normative ideal.


Volume: Volume XIV Issue 1-2
Section: Articles
Published on: November 20, 2021
Imported on: November 20, 2021
Keywords: School of Salamanca,Scholastic economic thought,just price theory,Francisco de Vitoria,[SHS.PHIL]Humanities and Social Sciences/Philosophy,[SHS.ECO]Humanities and Social Sciences/Economics and Finance


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