I don’t agree that by failing to put a value on life you necessarily also fail to discover the concept of underuse. Doesn’t it follow immediately from the fact that you can have a positive externality that you would necessarily also have underuse?
I don’t agree that by failing to put a value on life you necessarily also fail to discover the concept of underuse. Doesn’t it follow immediately from the fact that you can have a positive externality that you would necessarily also have underuse?