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Showing posts from August, 2026

Prof Jonathan Gruber (1.13) - Normative Issues in Economics

  But now, we come to the normative question which is more interesting and harder  "Should we be allowed to sell our bodily organs on eBay?"  Okay, you might think that this is a question you're in philosophy class but fundamentally it's an economics question. Okay, many folks die in America because the because we do not have enough organs to help those with organ failure. We we have a limited supply of organs. I hope you all are organ donors on your driver licenses. Doesn't cost you anything. You're gone anyway and it can save a life. Um but um many people don't do that. And even if they did, we're just we have a higher demand for organs than we can fit. Now if someone who wants an organ is wealthy and willing to pay a lot of money for it,  and there's someone else who says, "Look, I got two kidneys. You can function just fine with one. The odds of kidney failure is really low."  Someone says,  "Look, I am in desperate straits. I ca...