Abstract
This chapter presents the principles of free market and competition, with a particular focus on Australian policy, and continues with an exposition of Judaic ethical and legal parameters for competition and for the intervention in the economy. It sets out circumstances under which curbs on competition would be legitimate. It shows how Jewish law affords a safety net where one side in the vendor-consumer relationship does not have proper knowledge, limits the profit margin on basic commodities and forbids predatory pricing that is destructive of competitors.
Original language | English |
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Title of host publication | Applied Jewish Values in Social Sciences and Psychology |
Editors | Michael Ben-Avie, Yossi Ives, Kate Loewenthal |
Publisher | Springer |
Pages | 237-247 |
Number of pages | 11 |
ISBN (Electronic) | 9783319219332 |
ISBN (Print) | 9783319219325 |
DOIs | |
Publication status | Published - 1 Jan 2015 |
Keywords
- Anticompetitive behaviour
- Competition
- Fair pricing
- Fair trading
- Free market
- Jewish business ethics
- Jewish law
- Monopolies