A lot of us known well what does "to be cheated". Remember how you feel while you are buying an ice-cream in a touristic business and pay an exorbitant price.However,according to well known economics theories "to be cheated" there is no such thing as.The price of anything else is the market price.That is mean,the price people are ready to pay.The moral dimension does not include while price determination in market economies.Basically,the price determine at the equilibrium point of demand and supply.Someone who determines a high price on a goods that sells only tries to push the price up in fact.If the price pushes the buyer to a level that is not ready, the buyer stops buying the goods.Therefore, the selling price will have to pull again down by seller.Market economists argue that the only requirement for prices to be formed is the market and that nothing - including gold - has no core values.
The price which is acceptance by freedomly
The view that the price should be determined by the market is completely contradicted by the views expressed by Sumi Theologica, one of the earliest texts written by Sicilian scholar Thomas Aquinas and the remains of marketplaces.According to Aquinas, a monk, price determination is certainly a moral issue; Greed is a great sin. But Aquinas also predicts that if the merchant is deprived of the profits s/he will be abandon the trade, and this will cause the society to be deprived of the goods it needs.
An equitable price is a price that the honestly informed buyer can freely accept. The seller is like a ship full of cheap spice information near the port it is not obliged to inform the buyer of the conditions that may reduce the price in the future.
Just as to what should be the "Equitable Minimum Wage" or "Equitable Premium", the price and moral issues are discussed today by both economists and people in the streets.Free market economists who oppose the market intervention, and those who favor government intervention for moral reasons continue to discuss the positive and negative aspects of the rules and restrictions imposed during pricing.
