{"title":"Price gouging and the duty of easy rescue","authors":"Elizabeth Brake","doi":"10.1017/S026626712000036X","DOIUrl":null,"url":null,"abstract":"Abstract What, if anything, is wrong with price gouging? Its defenders argue that it increases supply of scarce necessities; critics argue that it is exploitative, inequitable and vicious. In this paper, I argue for its moral wrongness and legal prohibition, without relying on charges of exploitation, inequity or poor character. What is fundamentally wrong with price gouging is that it violates a duty of easy rescue. While legal enforcement of such duties is controversial, a special case can be made for their legal enforcement in this context. This account distinguishes, morally, price gouging by corporations from that of individual entrepreneurs.","PeriodicalId":51643,"journal":{"name":"Economics and Philosophy","volume":"37 1","pages":"329 - 352"},"PeriodicalIF":1.5000,"publicationDate":"2020-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1017/S026626712000036X","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics and Philosophy","FirstCategoryId":"98","ListUrlMain":"https://doi.org/10.1017/S026626712000036X","RegionNum":2,"RegionCategory":"哲学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Abstract What, if anything, is wrong with price gouging? Its defenders argue that it increases supply of scarce necessities; critics argue that it is exploitative, inequitable and vicious. In this paper, I argue for its moral wrongness and legal prohibition, without relying on charges of exploitation, inequity or poor character. What is fundamentally wrong with price gouging is that it violates a duty of easy rescue. While legal enforcement of such duties is controversial, a special case can be made for their legal enforcement in this context. This account distinguishes, morally, price gouging by corporations from that of individual entrepreneurs.
期刊介绍:
The disciplines of economics and philosophy each possess their own special analytical methods, whose combination is powerful and fruitful. Each discipline can be enriched by the other. Economics and Philosophy aims to promote their mutual enrichment by publishing articles and book reviews in all areas linking these subjects. Topics include the methodology and epistemology of economics, the foundations of decision theory and game theory, the nature of rational choice in general, historical work on economics with a philosophical purpose, ethical issues in economics, the use of economic techniques in ethical theory, and many other subjects.