Could the principle of “commutative justice” be applied in today’s world?

Weekly Thought Evaluations

Weekly Thought Evaluations (WTEs).  Each week, the instructor will ask for a 3-5 page paper on the current week’s topic. The content of the paper will respond to the topic by including a summary of the relevant chapter and/or readings and an application of that chapter’s material to the topic.

 

WTE 2

Medieval scholars stated that positive law included “commutative justice”.  This meant that there should be a “just price” established for exchanges of goods and services, and that there must be no “usury” at all (they defined usury as the taking of any interest on loans).

Could the principle of “commutative justice” be applied in today’s world? Do you think it worked effectively in medieval times to achieve justice?  Would it do so in today’s world?  How would it be structured and enforced?

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