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Lecture 7

Lecture 7

Course Code
ECN 340
Thomas Barbiero

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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
Defective kidneys
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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