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Notable Quote

"The just price of things is not determined by the nature or quality of things in themselves, but by the common estimation of men — that is, by what buyers and sellers commonly agree to give and receive in exchange."

— Soto, Domingo de event 1553

From De Iustitia et Iure (On Justice and Law)

Context: On the market origin of the just price. De Iustitia et Iure (1553), Book VI. Soto argues that the morally valid price is the one freely established by market participants, not imposed by authority.

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