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Lecture 7

Lecture 7

2 Pages
90 Views

Department
Economics
Course Code
ECN 340
Professor
Thomas Barbiero

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Dying
The Economics of Dying:
Often reflects the manner in which one lived
We all prefer a longer life to a shorter one
We also prefer a higher quality of life than lower one
Should we feel sorry for a person who is dying with all his/her failing organs?
Malfunctioning liver
Arteriosclerosis
Defective kidneys
Ulcers
Respiratory problems
Waning eyesight
oThis could mean that this person more thoroughly enjoyed his/her life
Should treat bodily organs as you treat wealth
oYou can’t take it with you
oPerson should have a bank balance only if he/she wants to leave it to someone
(An act that gives pleasure BEFORE death)
At death your bodily organs should be close to worn out
oExplains why elderly people go to the dentist less frequently or prisoners on death
row continue to smoke
oDoctors do not appreciate this view because they are concerned with increasing
the life span of every organ in the body
One should treat organs given the lifespan of the limiting one (whichever it is)
oThe problem is that we do not know which major organ will go first
Questions to Ponder:
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Description
Dying The Economics of Dying: Often reflects the manner in which one lived We all prefer a longer life to a shorter one We also prefer a higher quality of life than lower one Should we feel sorry for a person who is dying with all hisher failing organs? Malfunctioning liver Arteriosclerosis Defective kidneys Ulcers Respiratory problems Waning eyesight o This could mean that this person more thoroughly enjoyed hisher life Should treat bodily organs as you treat wealth o You cant take it with you o Person should have a bank balance only if heshe wants
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