Just Prices in World Markets
Proposals De Lege Ferenda
Bibliographic Data
| ID | 9542011 |
|---|---|
| Authors | Oscar Schachter (corresponding author) |
| Year | 1975 |
| Volume | 69 |
| Issue | 1 |
| Pages | 101-109 |
| Publication date | 1975-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of International Law (JOURNAL) |
| Journal identifiers | ISSN: 0002-9300 • E-ISSN: 2161-7953 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.2307/2200195 |
| OpenAlex | W2320659433 |
| Language | EN |
| Citations received | 1 |
| References cited | 2 |
A conspicuous feature of current demands for a more equitable economic order is the idea of “just prices” or more broadly a just relationship of prices. Although the conception of a just price goes back to medieval philosophy, it has not acquired a generally accepted meaning in either economic or juridical thought and it certainly cannot be regarded as a technical term of art in international economic relations. Yet there is no doubt that the concept of the just price (as well as the closely related notion of a just relationship of prices) expresses political demands that are of considerable importance in the development of new international legal and institutional arrangements. It is particularly interesting to note that the concept which has long played a leading role in the grievances of the poor countries has recently received emphasis in the statements of spokesmen for the industrialized countries faced with the soaring prices of oil and minerals. The idea of linking justice to prices may seem to some to be a vain effort to mingle ethical and economic factors (possibly with overtones of medieval metaphysics) but the political realities cannot be wished away and the demands for fairness and equity in international pricing will have to be faced
Economic Justice · Economics · Epistemology · Equity (law · Law and economics · Meaning (existential · Neoclassical economics · Order (exchange · Political economy · Political science · Politics · Positive economics · Economic Theory and Institutions · Finance · Global Financial Crisis and Policies · Law · Philosophy
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,17 |
| Citation span | 2020 - 2020 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |