To: Lane3 who wrote (3942 ) 1/17/2008 10:19:28 AM From: TimF Respond to of 42652 OT Voluntarily treating other people decently is part of the social contract. I guess where we disagree is whether raising prices can be treating people in some indecent way. Well I suppose in certain highly specific situations it can be. If you had led someone to think that the pricer would be lower (but didn't actually have a contract), and than you surprise them with the higher price after they have taken steps and assumed costs to be in position to buy your product or service. Or if you have a monopoly on a good that is not just important but vital (say you have the only drinking water, and supplies from elsewhere won't be in place ontime). but I think that the social contract requires us to aim for a win-win in every transaction and not doing so is "wrong." But jacking up the price when there is a shortage doesn't mean there isn't a win/win for both sides. If it wasn't a win, for the buyer, the buyer wouldn't buy, even in the small scale one to one transactions you mention. If your going beyond selling one or very few goods to one or very few people, and rather dealing with supplying a market, below market clearing prices can cause more problems than benefits, even if they are not forced on the seller. Your anecdotes where useful for me, in that I was focused on markets (even if its a small local market that is temporarily separated from the larger market by some disaster), and wasn't considering such very small scale personal transactions (where selling at prices that are now low considering the supply/demand situation makes more sense, both for personal reasons and because the larger market problems that I'm discussing don't apply in any serious way). But while considering such situations expands my thoughts on this issue, those situations where not what I was talking about.