Price Regulation in Jewish Law

Jewish law provides for government intervention in the markets for goods and services through price controls, limits on profits, and perhaps even allowing cartels to operate.

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“(3) All this applies only where there is a court that compels merchants to sell at a uniform price. If, however, each one sells for as much as he can, he is not obliged to sell cheaply.” (Shulhan Arukh, Hoshen Mishpat 231:20)

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Professor Nahum Rakover, former Deputy Attorney General of the State of Israel, is a leading scholar in the field of Jewish law and has written widely on Jewish legal topics. He compiled The Multi-Language Bibliography of Jewish Law.