Thomas Acquinas for market prices from the Mises Institute

An interesting piece on price (which supports supply and demand as being the drivers of price) from Mises.org.As a grocer by birth (I just happen to teach finance ;) ) I have often been puzzled at the idea of price "gouging" after disasters (big or small). A few summers ago we had a power outage. Hence people wanted ice and water. We arranged special deliveries (at an added cost) and sold them at