Economic and ethical foundations of fair pricing and fair trading: Contemporary practices and jewish tradition

Stephen King; Shimon Cowen

doi:10.1007/978-3-319-21933-2_13

Economic and ethical foundations of fair pricing and fair trading: Contemporary practices and jewish tradition

Stephen King, Shimon Cowen

Department of Economics

Research output: Chapter in Book/Report/Conference proceeding › Chapter (Book) › Other › peer-review

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
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	https://doi.org/10.1007/978-3-319-21933-2_13
Publication status	Published - 1 Jan 2015

Keywords

Anticompetitive behaviour
Competition
Fair pricing
Fair trading
Free market
Jewish business ethics
Jewish law
Monopolies

Cite this

King, S., & Cowen, S. (2015). Economic and ethical foundations of fair pricing and fair trading: Contemporary practices and jewish tradition. In M. Ben-Avie, Y. Ives, & K. Loewenthal (Eds.), Applied Jewish Values in Social Sciences and Psychology (pp. 237-247). Springer. https://doi.org/10.1007/978-3-319-21933-2_13

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Economic and ethical foundations of fair pricing and fair trading : Contemporary practices and jewish tradition. / King, Stephen; Cowen, Shimon.

Applied Jewish Values in Social Sciences and Psychology. ed. / Michael Ben-Avie; Yossi Ives; Kate Loewenthal. Springer, 2015. p. 237-247.

Research output: Chapter in Book/Report/Conference proceeding › Chapter (Book) › Other › peer-review

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Access to Document

10.1007/978-3-319-21933-2_13

Link to publication in Scopus