The Joy of Economics:  Making Sense out of Life

Robert J. Stonebraker, Winthrop University

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Contents
Section I-A: Scarcity and Choice
Section I-B: How do we Choose
Section I-C: Efficiency and Competition
Section II-A: Love and Marriage
Section II-B: Sickness and Death
Section II-C: Crime
Section II-D: Higher Education
Section II-E: Religion
Section II-F: Shopping
Section II-G: Happiness
Section III-A: GDP
Section III-B: Unemployment and Inflation
Section III-C: Deficits and Debt
 

     Section II-B: Sickness and Death

   

          The hour of departure has arrived, and we go our ways -- I to die, and you to live.  Which is better God only knows.
                                                    
         .....Plato

     

          Sickness and death are real.  At some point they will be staring each of us squarely in the eyes.  How will we respond?  What choices will we make?  To what lengths will we go to preserve our life?  How about someone else's life?  What sacrifices are we willing to make?  What costs are we willing to bear? If life is priceless, why do we persist in unhealthy and dangerous life styles?

          The issues are sticky and the arguments contentious.  Yet, like it or not, decisions must be made.  How much is a life worth?  How many people should be saved?  How shall we save them?  At root, these are economic choices in which costs and benefits must be carefully weighed.

          Shall we try?

 

 

II-B.   Sickness and death
          1.  Economics of life and death
               Priceless Life?
               Saving Lives Can be Dangerous
          2.  Health care issues
               Health Care
               Not Enough Hearts
               Where There's Smoke, There's Controversy
               The Economics of Eating


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Last modified 07/02/05