International Journal of Business Economics and Management Perspectives

ISSN:2458-8997

ON THE DOCTRINAL ROOTS OF THE JUST PRICE AND THE TRANSFORMATION OF THE IDEA OF JUST PRICE THROUGH THE MIDDLE AGES


This study intends to examine the concept of just price, together with the roots and the evolution there-of, as formulated and developed, through a span of time Middle Age, by the teachings of Christianity and the commentaries of Church fathers, the Roman and Carolingian codes of law and the ecclesiastical jurists as well as the Roman and scholastic theologians. The basic hypothesis of the study is that the concept of just price is an outcome of the efforts to reconcile the ethics (morality) with reality. The principal question proposed by the re-search argues the applicability of the concept of just price in practice. In order to find a satisfactory answer, the emergence of the thought of just price and the major factors influencing it together with the transformative dy-namics behind and the process of transformation will be highlighted. The anticipated (early) result of the re-search suggests that the theory of just price is not compatible with the practices of the real world.


Keywords


Christianity, Church Fathers, Scholastic Philosophy, Just Price, Market Price.

Author : - Abdullah Mesud KÜÇÜKKALAY
Number of pages: 27-60
DOI: http://dx.doi.org/10.29228/ijbemp.40372
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International Journal of Business Economics and Management Perspectives
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