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Some will argue that it is impossible to put a value on a human life. Yet, refusing to put a value on human life does not help to save lives. In practice, prioritization occurs every day in areas as disparate as health policy and infrastructure. When we decide on a national speed limit we are implicitly putting a price on human life, weighing the benefits of fewer lives lost with a lower speed limit against the dispersed costs of higher transport times.
How to Spend $75 Billion to Make the World a Better Place
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