ECONOMICS BOOK PDF IN HINDI
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Class 12 Economics NCERT Textbook Solutions - Free PDF download
In the treatise Summa Theologica Aquinas dealt with the concept of a just price , which he considered necessary for the reproduction of the social order.
Similar in many ways to the modern concept of long run equilibrium , a just price was just sufficient to cover the costs of production , including the maintenance of a worker and his family.
Aquinas argued it was immoral for sellers to raise their prices simply because buyers had a pressing need for a product. Aquinas discusses a number of topics in the format of questions and replies, substantial tracts dealing with Aristotle's theory.
Questions 77 and 78 concern economic issues, primarily what a just price might be, and the fairness of a seller dispensing faulty goods.
Aquinas argued against any form of cheating and recommended always paying compensation in lieu of good service[ clarification needed ].
Whilst human laws might not impose sanctions for unfair dealing, divine law did, in his opinion.
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