KeywordsA12 - Relation of Economics to Other Disciplines
B11 - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
D00 - General
K20 - General
P00 - General
Z12 - Religion
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AbstractPrevious scholarship has explored whether the halakhah (Jewish law) of ona'ah (fraud) constitutes a price-control. However, less attention has been paid to the similar law of hayyei nefesh (essential foodstuffs) – also known as hafka'at she'arim (profiteering). Nor has criticism been directed towards arbitrary price-controls imposed by the corporate, democratic Jewish community. This essay argues that while ona'ah is not a price-control, hayyei nefesh / hafka'at she'arim is one. Economic theory demonstrates that like all price-controls, hayyei nefesh / hafka'at she'arim and corporate communal price-controls are both self-defeating because the means conflict with the ends sought. The conflict between religion and science is therefore not limited to cosmology and biology, but may include economics as well.
Makovi, Michael (2016): Price-Controls in Jewish Law.