Price Gouging
PRICE GOUGING
IMMORAL, IRRESPONSIBLE OR FULLY JUSTIFIED BEHAVIOUR???
By
Alicja Weiss
Abstract: Price gouging arises when, in the wake of a disaster, retailers roughly increase their prices for basic commodities to gain more revenue. The majority of people believe that price gouging is immoral others that it is a fully justified behaviour. The rationale of this document is to investigate a quantity of issues surrounding price gouging, and to argue that the widespread ethical criticism of it is for the most part incorrect. I will also attempt to illustrate price gouging from philosophical views of Aristotle and Immanuel Kant.
Introduction
Prices for critical goods are expected to rise when a disaster strikes. Price gouging is not legally prohibited but it is generally thought to be immoral and exploitive. The rationale of this document is to investigate a quantity of issues surrounding price gouging, and to argue that the widespread ethical criticism of it is for the most part incorrect. I will make this argument in four steps: 1) explaining the difference in philosophical views between Immanuel Kent and Aristotle, 2) clarifying The Moral Status of Laws Against Price Gouging 3) clarifying The Moral Status of Laws Against Price Itself 4) presenting ethics of Price Gouging.
Difference in philosophical views between Immanuel Kent and Aristotle
The basic philosophy of Aristotle opposed to the contemporary ideas of Immanuel Kant created a good competition for the most intriguing analysis of the human good. Nevertheless, after studying each philosopher 's beliefs, Kant 's view spoke about the good in a collective sense throughout the unconditional imperatives of man, on the other hand Aristotle stated that, "Happiness, then, is something final and self-sufficient, and is the end of action."(Nicomachean Ethics, 1999)
In his book “Nicomachean Ethics” Aristotle invited the reader to give an explanation of what he believed is good.
IMMORAL, IRRESPONSIBLE OR FULLY JUSTIFIED BEHAVIOUR???
By
Alicja Weiss
Abstract: Price gouging arises when, in the wake of a disaster, retailers roughly increase their prices for basic commodities to gain more revenue. The majority of people believe that price gouging is immoral others that it is a fully justified behaviour. The rationale of this document is to investigate a quantity of issues surrounding price gouging, and to argue that the widespread ethical criticism of it is for the most part incorrect. I will also attempt to illustrate price gouging from philosophical views of Aristotle and Immanuel Kant.
Introduction
Prices for critical goods are expected to rise when a disaster strikes. Price gouging is not legally prohibited but it is generally thought to be immoral and exploitive. The rationale of this document is to investigate a quantity of issues surrounding price gouging, and to argue that the widespread ethical criticism of it is for the most part incorrect. I will make this argument in four steps: 1) explaining the difference in philosophical views between Immanuel Kent and Aristotle, 2) clarifying The Moral Status of Laws Against Price Gouging 3) clarifying The Moral Status of Laws Against Price Itself 4) presenting ethics of Price Gouging.
Difference in philosophical views between Immanuel Kent and Aristotle
The basic philosophy of Aristotle opposed to the contemporary ideas of Immanuel Kant created a good competition for the most intriguing analysis of the human good. Nevertheless, after studying each philosopher 's beliefs, Kant 's view spoke about the good in a collective sense throughout the unconditional imperatives of man, on the other hand Aristotle stated that, "Happiness, then, is something final and self-sufficient, and is the end of action."(Nicomachean Ethics, 1999)
In his book “Nicomachean Ethics” Aristotle invited the reader to give an explanation of what he believed is good.
Bibliography: Jeremy Snyder (2009), Efficiency, Equity, and Price Gouging A Response to Zwolinski, Business Ethics Quarterly, Volume 19, Issue 2, Pages 303-306 Accessed on 28/11/2012 Michael Spinelli (2009), The Differences Between Kant and Aristotle [online] Accessed on 27/11/2012 Available at http://voices.yahoo.com/the-differences-between-kant-aristotle-3632521.html?cat=38 Matt Zwolinski (2008), THE ETHICS OF PRICE GOUGING, [online] Accessed on 27/11/2012, Available at http://facpub.stjohns.edu/~flanagap/3305/readings/Zwolinski_Price_Gouging.pdf