Munger on John Locke, Prices, and Hurricane Sandy
Munger on John Locke, Prices, and Hurricane Sandy
Mike Munger of Duke University talks with EconTalk hostRuss Roberts about the gas shortage following Hurricane Sandy and John Locke's view of the just price. Drawing on a short, obscure essay of Locke's titled "Venditio," Munger explores Locke's views on markets, prices, and morality.