Benefit-Cost Analysis and the Coronavirus — Peter Dorman

Summary:
A little philosophy (value theory) today. Personally, I think it would be madness to stick a monetary value on people’s lives and base our policy choices on whether the dollars on one side of the ledger outweigh those on the other. I wrote a book about that a while ago. The considerations that lead us to think primarily in public health terms at a time like this apply just as well to other issues, from food safety to climate change. The economists who crank out monetary values of life and believe all choices should be based on benefit-cost thinking have not yet had the integrity to step forward and make their case. This silence speaks volumes. EconospeakBenefit-Cost Analysis and the Coronavirus Peter Dorman | Professor of Political Economy, The Evergreen State CollegeSee also (dark

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Mike Norman considers the following as important: economic value, ethics, moral value, social value, value theory

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