Sunday, April 7, 2013

Badhwar on Market Justice

Neera K. Badhwar on Just Market Exchange. Money quote:
[T]here is nothing unjust about raising the price of a commodity when it is in short supply, and lowering it when it is abundant. Doing so neither takes advantage of people by making grossly disproportionate exchanges, nor treats them as mere means to the seller’s own ends. Nor is it unjust in any other way that I can see. Rather, it is the only economically and morally rational way to act.
 Nailed it.

No comments:

Post a Comment

Do you have suggestions on where we could find more examples of this phenomenon?