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Notable Quote

"If a merchant knows that goods will soon be cheaper in a particular place, or that supply will increase, he is not obliged to inform buyers of this. It is not unjust to sell at the current market price, since the price is set by common estimation, not by future conditions."

— Molina, Luis de event 1593

From De Iustitia et Iure (On Justice and Law)

Context: On the legitimacy of profiting from information asymmetry in voluntary exchanges. De Iustitia et Iure (1593). Molina defends the merchant's right to profit from knowledge, anticipating modern insights about the role of prices in transmitting information.

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