Notes on Competition and <i>Justum Pretium</i> Theory and Practice in Medieval Italy
Marco Corradi
Medieval Italian Comuni are often considered as one of the cradles modern capitalist spirit. introduced economic legislation in an attempt to counteract restrictions competition on hand and control price certain goods services other. Price basic commodities was motivated by reasons public order – such preventing commoners’ riots. Despite some loose analogies with European Union law approach pricing namely area excessive medieval theory practice substantially differed from one. struggled reconciling market mechanisms costs analysis missed distinction between efficiency distribution. Moreover, variables were divergent ones. being wealthiest areas Europe those days, their consumers had significantly lower buying power, they affected different cognitive biases than highly segmented a gender perspective. producers, that is artisans, did not enjoy degree power characterizes oligopolists. Artisans produced for merchants who main promoters trade development. Merchants succeeded squeezing artisans’ profits, granting prices manufactured goods, at times also thanks free policies pursued administrations.
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