Just Prices, Market (In)efficiency and Wealth (In)equality

Joaquín Alonso Reyes Barros

doi:10.1007/978-3-031-56822-0_3

Just Prices, Market (In)efficiency and Wealth (In)equality

Joaquín Alonso Reyes Barros^*

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

This chapter analyses the normative appeal of a conception of the just price based on the value of market efficiency (the ‘Efficiency Conception’). The chapter suggests that the Efficiency Conception is a normatively attractive conception of the just price only under conditions of wealth equality and discusses two common objections to the feasibility of a price system committed to wealth equality.

Original language	English
Title of host publication	Economic Analysis of Law in European Legal Scholarship
Subtitle of host publication	Efficiency, Reciprocity, Meritocracy
Editors	Klaus Mathis, Avishalom Tor
Publisher	Springer
Pages	29-49
Number of pages	21
ISBN (Electronic)	978-3-031-56822-0
ISBN (Print)	978-3-031-56821-3
DOIs	https://doi.org/10.1007/978-3-031-56822-0_3
State	Published - 2024

Publication series

Name	Economic Analysis of Law in European Legal Scholarship
Volume	17
ISSN (Print)	2512-1294
ISSN (Electronic)	2512-1308

Bibliographical note

Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.

ASJC Scopus subject areas

Law
Philosophy

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/978-3-031-56822-0_3

https://link.springer.com/chapter/10.1007/978-3-031-56822-0_3

Cite this

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Just Prices, Market (In)efficiency and Wealth (In)equality. / Reyes Barros, Joaquín Alonso.
Economic Analysis of Law in European Legal Scholarship: Efficiency, Reciprocity, Meritocracy. ed. / Klaus Mathis; Avishalom Tor. Springer, 2024. p. 29-49 (Economic Analysis of Law in European Legal Scholarship; Vol. 17).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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Just Prices, Market (In)efficiency and Wealth (In)equality

Abstract

Publication series

Bibliographical note

ASJC Scopus subject areas

UN SDGs

Access to Document

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