Ch 21 - Economics, Ethics, and Public Policy - Ch 21 Economics Ethics and Public Policy 1 Overview Should we export pollution and import kidneys

Ch 21 - Economics, Ethics, and Public Policy - Ch 21...

This preview shows page 1 - 7 out of 22 pages.

Ch. 21 Economics, Ethics, and Public Policy1
Background image
OverviewShould we export pollution and import kidneys? – Economics and EthicsExploitationMeddlesome PreferencesFair and Equal TreatmentCultural Goods and PaternalismPoverty, Inequality, and the Distribution of IncomeRawl’s MaximinUtilitarianismNozick’s Entitlement TheoryWho Counts?2
Background image
Economics and EthicsIn this class, we have argued that the following would increase efficiency/gains from trade (Positive Economics):Legalize trade in kidneys and narcotics (Gary Becker)Abolishing the minimum wage (Milton Friedman)Exporting pollution to lower-income countries (Larry Summers)But should maximizing efficiency be the primary guide for our public policy? (Normative Economics)3
Background image
Exploitation“Trade in good X (kidneys, sex, etc.) is wrong because it is always the poor person who is selling.”Which of the following do you consider exploitative?Someone asking you to donate a kidney?Someone offering you $5000 for a kidney?Someone offering you $500,000 for a kidney?4
Background image
ExploitationTaken to the extreme, does this argument imply that it is unethical to buy anythingfrom poor people (perhaps at a price below what a wealthier person would accept)?And if the argument is related to the level of risk inherent in the transaction, what aboutKidney donations?Legal professions with high mortality rates?“The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all.” – Joan Robinson5
Background image
Meddlesome PreferencesPreferences about other people’s actions, even when those actions do not affect your own.“I think don’t like it and believe that it’s wrong for people to . . .“Donate kidneys.”“Eat horsemeat.”“Marry people of the same sex.”At some level of approval (or disapproval), do meddlesome preferences become cultural norms?
Background image
Image of page 7

You've reached the end of your free preview.

Want to read all 22 pages?

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes