The just price doctrine and contemporary contract law: some introductory remarks

Andrea Perrone ()
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Andrea Perrone: Full professor of Corporate Law and Securities Regulation, Istituto giuridico, Università Cattolica del Sacro Cuore, Largo Gemelli 1, 20123, Milano, Italy

Rivista Internazionale di Scienze Sociali, 2014, vol. 122, issue 2, 217-236

Abstract: This paper discusses the possibility of applying the insights provided by the doctrine of the just price to the current debate about contractual justice. After summarizing the just price doctrine and addressing the objections traditionally raised against it, the paper identifies the role that just price theory could play in contemporary contract law and suggests a general standard of proportionality in exchange as a constraint on the full application of freedom of contract.

Keywords: Contractual justice; Just price; Standards of fairness; Proportionality; Empirical economic research (search for similar items in EconPapers)
JEL-codes: A12 A13 B11 D03 K10 K12 K22 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:vep:journl:y:2014:v:122:i:2:p:217-236

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