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Justice and just price in Francisco de Vitoria's Commentary on Summa Theologica II-II q77

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  • José Luis Cendejas Bueno

    (UFV - Université Francisco de Vitoria = Universidad Francisco de Vitoria)

Abstract

Following Thomas Aquinas, Francisco de Vitoria's analysis of justice in exchanges takes place by commenting on the corresponding questions of the Summa Theologica. The identification of the just price with that of common estimation occurs under a sufficient concurrence of sellers and buyers. A high level of concurrence limits the ability to take advantage of the need on the other side of the market. This fact guaranties a full consent of the parties involved in trading. Under conditions of market power or when some authority fixes a legal price, just price should also be taken as a normative ideal.

Suggested Citation

  • José Luis Cendejas Bueno, 2021. "Justice and just price in Francisco de Vitoria's Commentary on Summa Theologica II-II q77," Post-Print hal-03374854, HAL.
    • Handle: RePEc:hal:journl:hal-03374854
    DOI: 10.46298/jpe.8661
    Note: View the original document on HAL open archive server: https://hal.science/hal-03374854v3
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    References listed on IDEAS

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    Cited by:

    1. José Luis Cendejas Bueno, 2024. "Plato, Aristotle, and Locke on the accumulation of wealth and natural law," Post-Print hal-04149419, HAL.

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    More about this item

    Keywords

    School of Salamanca; Scholastic economic thought; just price theory; Francisco de Vitoria;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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