Just Price in the Markets: A History

A concise history of “just price,” from Aristotle to the present day The question of what constitutes a fair price has been at the center of market interactions since the time of Aristotle.

Should a seller sell to the highest bidder, or is there some other standard, such as a morally defined price, to be applied? Charles R.

Geisst traces the ways that philosophers, religious leaders, and economists have sought to answer that question, from antiquity through the modern era.