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The value of life for decision making in the public sector

In Ellen Frankel Paul, Jeffrey Paul & Fred Dycus Miller (eds.), Ethics and economics. New York, N.Y.: [Published by] B. Blackwell for the Social Philosophy and Policy Center, Bowling Green State University (1985)

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  1. Weighing Risks and Benefits.Sven Ove Hansson - 2004 - Topoi 23 (2):145-152.
    It is almost universally acknowledged that risks have to be weighed against benefits, but there are different ways to perform the weighing. In conventional risk analysis, collectivist risk-weighing is the standard. This means that an option is accepted if the sum of all individual benefits outweighs the sum of all individual risks. In practices originating in clinical medicine, such as ethical appraisals of clinical trials, individualist risk-weighing is the standard. This implies a much stricter criterion for risk acceptance, namely that (...)
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  • Why 'Law and Economics' Is Not the Frankenstein Monster.Samson Vermont - 1999 - Economics and Philosophy 15 (2):249.
    In a published debate between Law and Economics avatar Judge Richard Posner and Professor Robin Malloy entitled ‘Is Law and Economics Moral?’, Malloy argued that the dominant methodology of Law and Economics is immoral. Malloy likened it to the Frankenstein Monster – an unholy, undead abomination that can go berserk despite its ostensibly benign provenience. Malloy claimed that wealth maximization applied to social discourse ‘reduces people to an human existence to imaginary variables for calculation’.
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