The Just Price as the Price Obtainable in an Open Market

24 Pages Posted: 25 Jun 2014 Last revised: 28 Aug 2015

Date Written: 2014

Abstract

This paper examines and criticizes the main conceptions of justice in pricing which have been put forward recently and argues that the price obtainable in an open market is the best standard for determining the justice or injustice of the price of a product or service. The paper argues that this standard, which is closely related to positions that have been held for hundreds of years, is not subject to the fundamental criticisms which can be addressed to other standards of justice in pricing. The paper also shows how this standard in grounded in more fundamental principles of justice such as desert and equality.

Keywords: Just price, fair price, equality, open market standard

Suggested Citation

Elegido, Juan Manuel, The Just Price as the Price Obtainable in an Open Market (2014). Journal of Business Ethics, 130 (3), 557-572, Available at SSRN: https://ssrn.com/abstract=2458386

Juan Manuel Elegido (Contact Author)

Pan-Atlantic University ( email )

Km. 52 Lekki-Epe Expressway
Lagos
Nigeria

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