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Value of life

If you are considering the net benefits of reducing the prospects of death using a costly technology then it is necessary to work out the value of a statistical life – a life that is anonymous but real. Non-economists find this macabre but the question makes perfect sense if budgets are limited as they always […]

Getting older & dying

Posts like this reflect one’s pre-occupations to an obvious – and almost embarrassing – extent. But in this case my post is partly motivated by watching for many years an elderly relative achieving a very substantial age but being beset gradually by a host of medical problems and increasing frailty. My thoughts on this topic […]