Abstract Economists measure the harm caused by a death by quantifying its opportunity cost (all what the person is deprived off due to her death). This calculus contradicts the thesis of the neutrality of death defended by several philosophers since the Antiquity. This article reviews old arguments justifying the neutrality of death, and, by a … Continue reading Premature Death, Harm and Economic Welfare. Milestones for a Study of the Scarcity of Lifetime
Tag: well-being
“The Taste Approach.” Governance beyond Libertarian Paternalism
Abstract Well-being can be promoted in two ways. Firstly, by affecting the quantity, quality and allocation of bundles of consumption (the Resource Approach), and secondly, by influencing how people benefit from their goods (the Taste Approach). Whereas the former is considered an ingredient of economic analysis, the latter has conventionally not been included in that … Continue reading “The Taste Approach.” Governance beyond Libertarian Paternalism