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₩hat I$ £¥₣€?

March 31, 2016 Leave a comment

Life is sacred. Or, at least, life is invaluable. Our resistance to placing a specified value on life generally, or an identified person’s life specifically, or even approaching the task of deciding whether and how to place a value on life, leads us to some extreme places. The death penalty is one (controversial) example. If our public policy reflects, however bluntly, our values, then it makes at least some sense that we would apply the most severe sanction to the most severe crime. Even if the logic does not compute, the arithmetic does: 1 Life = 1 Life.

In situations less severe than murder, however, and units smaller than 1 Life, the practical push toward pricing life becomes difficult to avoid. Read more…

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