Page "Just price" Paragraph 9

Likewise, during the rapid expansion of capitalism over the past several centuries the theory of the just price was used to justify popular action against merchants who raised their prices in years of dearth.

The Marxist historian E. P. Thompson emphasized the continuing force of this tradition in his pioneering article on the " Moral Economy of the English Crowd in the Eighteenth Century.

" Other historians and sociologists have uncovered the same phenomenon in variety of other situations including peasants riots in continental Europe during the nineteenth century and in many developing countries in the twentieth.

The political scientist James C. Scott, for example, showed how this ideology could be used as a method of resisting authority in " The Moral Economy of the Peasant: Subsistence and Rebellion in Southeast Asia " ( 1976 ).