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Priceless - On Knowing the Price of Everything and the Value of Nothing (Paperback, New ed)
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Priceless - On Knowing the Price of Everything and the Value of Nothing (Paperback, New ed)
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An economist and a law professor debunk the use of cost-benefit
analysis in deciding whether human life and the environment are
worth protecting. Engaging: A great approach to a potentially dry
topic: instead of talking about deregulation, the authors talk
about how much we are willing to pay to save animals on the verge
of extinction, the rights of phone-talking drivers versus the
rights of people they tend to hit, why we spend a disproportionate
amount of research energy on diseases that afflict wealthy men in
their 70s. Written by a lawyer and an economist, Priceless argues
that the politically fashionable and wide-spread practice of
applying cost-benefits analysis to subjects including environmental
protection, health, and conservation is inappropriate and
misguided. Issues of life and death - protecting the ozone,
deciding whether or not to ban cell phone use while driving - call
for informed public debate beyond market-based assessments of
whether such measures are a good investment. myth behind it,
Priceless is the first comprehensive rebuttal of the Bush
administration's anti-regulatory legislation. There is no
meaningful monetary price for life or nature, say economist Frank
Ackerman and law professor Lisa Heinzerling in their critique of
recent market-based assaults on health and environmental
protection. Though cost-benefit analysis sounds like a reasonable
way to gauge the extent to which we should regulate smoking or
water quality, when applied to priceless concepts such as childhood
disease or the value of a stable climate in years to come, the
paradigm is misguided. In nine chapters, from Prices Without Values
to An Ounce of Prevention to Values without Pricing, the book tells
us how legislators today are turning away from environmental
protection and regulation and are choosing instead to let the
all-mighty market determine the value of life. discussion of
policy, the book also includes a particularly timely discussion of
why only military expenditure is afforded the kind of moral weight
the authors wish was put on other issues.
General
Imprint: |
The New Press
|
Country of origin: |
United Kingdom |
Release date: |
2004 |
First published: |
August 2005 |
Authors: |
Frank Ackerman
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Dimensions: |
203 x 134 x 18mm (L x W x T) |
Format: |
Paperback
|
Pages: |
290 |
Edition: |
New ed |
ISBN-13: |
978-1-56584-981-5 |
Categories: |
Books
|
LSN: |
1-56584-981-7 |
Barcode: |
9781565849815 |
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