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

José Luis Cendejas Bueno

The Journal of Philosophical Economics, 2021, vol. 14, issue 1-2, 1-32

Abstract: 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.

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 (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://jpe.episciences.org/8661/pdf (application/pdf)
https://doi.org/10.46298/jpe.8661 (text/html)

Related works:
Working Paper: Justice and just price in Francisco de Vitoria's Commentary on Summa Theologica II-II q77 (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bus:jphile:v:14:y:2021:i:1-2:n:1

Access Statistics for this article

The Journal of Philosophical Economics is currently edited by Valentin Cojanu

More articles in The Journal of Philosophical Economics from Bucharest Academy of Economic Studies, The Journal of Philosophical Economics Contact information at EDIRC.
Bibliographic data for series maintained by Valentin Cojanu ().