On the Morality of Raising Prices in an Emergency
Michael Giberson Arnold Kling has some interesting insights on what is sometimes pejoratively referred to as price gouging: One of the issues that [Russ Robert’s didactic novel, The Price of Everything] raises–the very first one, in fact–is the morality of raising prices when something becomes scarce, such as flashlights after a weather disaster. Russ makes …
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