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Economic Morality and Jewish Law$
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Aaron Levine

Print publication date: 2012

Print ISBN-13: 9780199826865

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199826865.001.0001

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Price Controls in Jewish Law

Price Controls in Jewish Law

(p.93) Chapter 4 Price Controls in Jewish Law
Economic Morality and Jewish Law

Aaron Levine

Oxford University Press

This chapter discusses the economic cases involving Jewish law's intervention in the marketplace through ordinances such as the hayyei nefesh ordinance. It sets out the framework of the ordinance by discussing the concept of producer's prices, its interpretations, and its relationship with economic efficiency and the Law of Ona'ah. It explains the factors affecting the ordinance legislation that may result to disequilibrium price for essential food items. It also describes price controls of staples and the role played by the communal legislative authority.

Keywords:   hayyei nefesh, Law of Ona'ah, Essential Food Ordinance, disequilibrium price, communal legislative authority, price controls, economic efficiency

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