Hence, to make profit was looked upon by most people throughout the period as improper, as “unchristian”; the old economic teaching of Thomas Aquinas was observed,22 at least officially. The religious or ethical rule was still supreme;23 there was as yet no sign of the liberation of economic life from its religious and ethical bonds. Every action, no matter in what sphere, was done with a view to the Highest Tribunal — the will of God. Need it be pointed out that the attitude of Mammon was as opposed to this as pole is to pole?...
Besides, it was commercial etiquette. You did not run after customers. You waited until they came, “and then” (in the words of De Foe’s sermon), “with God’s blessing and his own care, he may expect his share of trade with his neighbours.”24 The merchant who attended fairs did not do otherwise; “day and night he waits at his stall.”25
To take away your neighbour’s customers was contemptible, unchristian, and immoral.26 A rule for “Merchants who trade in commodities” was: “Turn no man’s customers awayfrom him, either by word of mouth or by letter, and do not to another what you would not have another do to you.”27 It was, however, more than a rule; it became an ordinance, and is met with over and over again. In Mayence its wording was as follows:28 “No one shall prevent another from buying, or by offering a higher price make a commodity dearer, on pain of losing his purchase; no one shall interfere in another’s business undertaking, or carry on his own on so large a scale as to ruin other traders.” In Saxony it was much. the same.29 “No shopkeeper shall call away the customers from another’s shop, nor shall he by signs or motions keep them from buying.”
But to attract customers even without interfering with your neighbour’s business was regarded as unworthy. As late as the early 18th century in London itself it was not considered proper for a shopkeeper to dress his window tastefully, and so lure purchasers. De Foe, no less than his later editors, did not mince words in expressing his contempt for such a course, of which, as he mentions apparently with some satisfaction, only a few bakers and toymen were guilty.30
To the things that were not permitted belonged also advertising your business and praising your wares.
...
To praise your goods or to point out wherein your business was superior to others was equally nefarious. But the last word in commercial impropriety was to announce that your prices were lower than those of the man opposite. ‘To undersell” was most ungentlemanly: “No blessing will come from harming your neighbour by underselling and cutting prices.”36
Bad as underselling itself was in the eyes of the people of those days, it was beneath contempt to advertise it...
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