Johannes Nider Quote


“The laws say that a thing is worth as much as it can be sold for, that is, according to how purchasers can be got to buy when at liberty and by free choice, and assuming that the purchasers are not fools, pinched, or deceived. … Hence, everyone who sells, since he is moved toward his own profit, must rightly in some degree be morally suspect to himself.”

—Johannes Nider, in On the Contracts of Merchants. First published about 1468.


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