The BBC has followed the assessment of a new drug by NICE for use in the NHS. The clear problem for them is 'is it worth the money?' However how can you put a price on life.
This is relevent to the concepts of opportunity cost and the assessment of the value of life for Cost-Benefit Analysis.
The Price of Life
Sunday, 21 June 2009
Opportunity Cost and the price of life
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment