Cost the limit of price

Cost the limit of price was a maxim coined by Josiah Warrenthat holds that it is unethical to charge a higher price for a commodity than the cost of purchasing, producing or acquiring, and bringing it to market.

It is a strict interpretation of the labor theory of value, which holds that the value of a commodity is the amount of labor incurred in producing it or acquiring it. The 19th century American individualist anarchistsadopted this as a central tenet, and it underpins their economic theory called mutualism. It is sometimes referred to as "the cost principle."

See also

• Mutualism
• Individualist anarchism
• Cincinnati Time Store

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