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Just Price Theory: A Reassessment

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This book presents an original theory of the just price, and it is a welcome addition to scholarship on a radically underdeveloped field.

This work reassesses the age-old idea that there is a just price of things, one that goes beyond the Scholastic tradition of the just price and its exclusive concern with commutative justice. There is more to just price theory than the concern for keeping equality of value between goods exchanged. Modern concerns over efficiency, autonomy, and distributiv...