What is the value of human life from an economics perspective?
What is the value of human life? Health economists have used several approaches to attempt to answer that question. But why - isn't the value of human life immeasurable?
Discuss the role of cost-benefit analysis and the related concepts of cost-effectiveness analysis, cost-utility analysis, QALYs and DALYs in answering this question.
Is valuing human life different than valuing quality of life achieved through a health intervention?