The Morality of Price Gouging
Russ and Mike discuss the morality of price gouging in the face of local circumstances like natural disasters or famine. They explore the ethical implications of charging market prices versus lower prices, and how it affects the availability of goods for those in need. Locke's philosophy is examined to shed light on the complex relationship between economics and morality.In this clip
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EconTalk
Michael Munger on John Locke, Prices, and Hurricane Sandy
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