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Sunday, August 2, 2020 | History

4 edition of Theory of the just price found in the catalog.

Theory of the just price

Rudolf Kaulla

Theory of the just price

a historical and critical study of the problem of economic value

by Rudolf Kaulla

  • 157 Want to read
  • 14 Currently reading

Published by Hyperion Press in Westport, Conn .
Written in English

    Subjects:
  • Value.,
  • Prices.

  • Edition Notes

    Statementby Rudolf Kaulla ; translated from the German by Robert D. Hogg.
    Classifications
    LC ClassificationsHG229 .K252 1979
    The Physical Object
    Pagination219 p. ;
    Number of Pages219
    ID Numbers
    Open LibraryOL4731895M
    ISBN 100883558513
    LC Control Number78020473
    OCLC/WorldCa4835398

      This paper will ascertain the theory of the just price, according to Juan de Lugo (–), the last great representative of the Scholastics. First we will draw up Lugo's “vision” of the just price, stressing the anthropological, moral, and legal foundations and emphasizing the theory's coherence; the relevant issue is that such a Cited by: 5. Just price theory asks questions such as, “Was the increase in gas prices after Hurricanes Katrina and Sandy legitimate?” Questions about just prices lead us to Principle #6 in our series on the biblical foundations of economic principles: prices bring the choices of buyers and sellers into balance.

      I trace the history of price theory from the early nineteenth to the late twentieth when price theory became segregated at Chicago and against the dominant currents in the rest of the profession. For a quarter century following , most of the profession either focused on more complete and fully-solved models (game theory, general equilibrium. Search the world's most comprehensive index of full-text books. My library.

    Used books. Giving used books new life is what we do best. From classics to self-help, cookbooks, children's books and more. Find a great selection at unbeatable prices.   Although Saint Thomas does not offer a definition of just price, he employs examples (borrowed from Roman texts) to suggest that a just price reflects variations in supply. In order for Tawney’s connection between Scholasticism and the labor theory of value to be defensible, the account must provide a rigorous analysis of Scholastic economic.


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Theory of the just price by Rudolf Kaulla Download PDF EPUB FB2

Theory of the just price: A historical and critical study of the problem of economic value Unknown Binding – January 1, byAuthor: Rudolf Kaulla.

Theory of the Just Price: Historical & Critical Study Economic Value [Rudolf KAULLA] on *FREE* shipping on qualifying offers. The Concept of the Just Price: Theory and Economic Policy JN THE view of many economists the just price is a nebulous concept invented by pious monks who knew nothing of business or economics and were blissfully unaware of market mechanisms.

It is true that certain writers, Catholics and non-Catholics alike, have done their. The Theory of Price book. Read 4 reviews from the world's largest community for readers/5.

The concept of the just price is the basis of a great deal of erroneous economic thought that permeates our supposedly free market, capitalistic society.

In The concept view of many economists the just price is a nebulous concept invented by pious monks who knew nothing of business or economics Cited by: Convenors: Matias Petersen (Universidad de los Andes, Chile) Joaquín Reyes (University of Edinburgh/Universidad Finis Terrae, Chile): @ In our experience as market agents, we encounter many situations in which the price of Theory of the just price book certain good seems intuitively wrong, either because it is exorbitant, a ‘rip off’, ‘too much’, or, at the other extreme, because it.

The Thomistic just price is the price that would be agreed to by a just person as part of an exchange. This “just person price” takes into account the well-being of the individual transactors and the good of the entire community.

Such a price reduces neither to the cost-covering price nor to the market exchange by: The theory of just price, probably the most famous and enduring scholastic economic concept (Grice-Hutchinson ), epitomizes this view, and it is a good example of the amalgam of economic Author: Fabio Monsalve.

Book Source: Digital Library of India Item : Kudolf ioned: ble. orthodox theory identifying the just with the market price goes far to Pirenne. On pages I4-I5 of the introduction to his wonderful little book with which we are all familiar, The Economic and Social History of Medieval Europe, Pirenne employs only the norms of monastic moralists as typical explicitly "the just price, according to which.

Whatever price the buyer and seller freely agree upon in the absence of fraud is therefore the just price. They criticize the concept because it is often used to justify interventions in the marketplace by establishing price floors (such as minimum wages) and ceilings (such as rent control).

Thomas de Vio Cajetan, Comm. in II II s. th., q.a On Scholastic and early-modem price theory, see Emil Kauder, “Genesis of the Marginal Utility Theory,” Economic Journal, 63 (), pp. ; John T. Noonan, The Scholastic Analysis of Usury (Cambridge, Mass.

): Kauder, A History of Marginal Utility Theory (Princeton. ): and Raymond de : Peter Koslowski. The University of Chicago Press. Books Division. Chicago Distribution Center. The theory of price posits that the point at which the benefit gained from those who demand the entity meets the seller's marginal costs is the most optimal market price Author: Caroline Banton.

Half Price Books has new and used books, textbooks, music, movies and more both online and in stores. We pay cash for books, textbooks, CDs, LPs, videos and DVDs daily. We have two interpretations about the concept of the just price of St. Thomas Aquinas: the one is a cost of production theory (objective value), in which production costs represented mainly or only wages just sufficient to allow producers or traders to live in a manner befitting their status in society, the other, utlity theory (subjective value) or a subjective nature of value determined by Cited by: 1.

He also believes that although the distinction probably originated in the works of the Franciscan Olivi, it was Bernardino’s work that popularised the notion. See De Roover Raymond, ‘The Concept of the Just Price: Theory and Economic Policy’, Journal of Economic History,Author: Adrian Walsh, Tony Lynch.

This was one of the few points worth commenting on from Mr. Akin’s riposte to one of Mr. Richert’s last posts on the just price debate. Rather than spending much time detouring down the side. To get a theory of price (the QTM), one must make some assumptions about each variable.

The QTM assumes that: M is constant (or grows at a constant rate) and is controlled by the central bank through a money multiplier V is constant.

Additional Physical Format: Online version: Kaulla, Rudolf, Theory of the just price. London, G. Allen and Unwin [] (OCoLC) Document Type.Theory of the just price: a historical and critical study of the problem of economic value.just price.

noun. 1: a price conforming to the doctrine developed in antiquity and elaborated in the medieval period that price should in general correspond to the cost of production.

2: a price approved by common estimate, determined by a legal maximum, or conforming to some other standard of .