If putting a dollar value on human lives strikes you as cold-hearted, grow up. You implicitly put a dollar value on human lives every time you buy a candy bar with funds that could instead have been donated to the local fire department. No matter who you are, there is a limit to what you’re willing to spend to save lives; the only question is whether you’re willing to think honestly about what that limit is.
Thursday, February 26, 2015
Revealed Preference of saving lives
From Steven E. Landsburg, More Sex is Safer Sex: The Unconventional Wisdom of Economics, p. 220.
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