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Markets and Mortality - Economics, Dangerous Work, and the Value of Human Life (Hardcover, New)
Loot Price: R2,787
Discovery Miles 27 870
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Markets and Mortality - Economics, Dangerous Work, and the Value of Human Life (Hardcover, New)
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In this book the author examines and ultimately rejects the
conventional economic view that workers who have more dangerous
jobs accept their risks voluntarily and are compensated through
higher wages. In doing so, he attacks widely used techniques for
assigning a monetary value to human life for cost-benefit analysis
and other purposes. Arguments are drawn from the history of
occupational safety and health, econometric analysis of wage and
risk data, and formal models of the labour market. In place of the
conventional view, Peter Dorman proposes a view based on new work
in decision theory (thick rationality) and the theory of repeated
games. These insights are combined with comparative policy analysis
to support an approach to risk that promotes both regulatory
effectiveness and democratic values. Despite its technical content,
the book is written in highly accessible style, and is concerned
with matters of general interest in the development of critical
social science.
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