Difference between revisions of "Price Gouging"
From Critiques Of Libertarianism
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[[Category:Repugnant Markets]] | [[Category:Repugnant Markets]] | ||
[[Category:Economics 101]] | [[Category:Economics 101]] | ||
| − | {{DES | des = Price Gouging during disasters is strongly defended by libertarians and others using bad [[Economics 101]] arguments that presume only money matters and ignore [[Market Failure|market failures]]. Price Gouging occurs during non-equilibrium situations and does not support the justifications made for markets in the first place. | show=}} | + | {{DES | des = Price Gouging during disasters is strongly defended by libertarians and others using bad [[Economics 101]] arguments that presume only money matters and ignore [[Market Failure|market failures]]. Price Gouging occurs during non-equilibrium situations and does not support the justifications made for markets in the first place. Price Gouging favours the wealthy, who are less likely to be priced out of a market when there is high demand. | show=}} |
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