[Kevin] Murphy reckons the delicious
cheeseburger I ate before interviewing him only cost me $2 worth of
health.
That is Tim Harford, and I would like to see a broader table of such accounts. Do not forget that Tim’s The Undercover Economist is now out in paperback.
The Undercover Economist was a damn good book, really insightful. Apart from a bit of typical right-on Oxbridge snobbishness (if I recall correctly he referred to people who don’t think mass immigration is all golden rainbows & sunshine as ‘greedy’), it lucidly tore apart the anti-market brigade.
I would like to know about a textbook or
paper that shows how to calculate life value.Usually they shows the results , not the method.
Thanks
i don’t expect such a table would be all that useful, since the marginal cost to health of some item of food is very likely to be a function of lifetime consumption of the food, among other things.
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