Economic and Ethical Foundations of Fair Pricing and Fair Trading: Contemporary Practices and Jewish Tradition
This chapter presents the principles of free market and competition, with a particular focus on Australian policy, and continues with an exposition of Judaic ethical and legal parameters for competition and for the intervention in the economy. It sets out circumstances under which curbs on competition would be legitimate. It shows how Jewish law affords a safety net where one side in the vendor–consumer relationship does not have proper knowledge, limits the profit margin on basic commodities and forbids predatory pricing that is destructive of competitors.
KeywordsFree market Competition Fair pricing Fair trading Jewish business ethics Monopolies Anticompetitive behaviour Jewish law
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