345. 12 Ways the Planet Could Truly Be Saved | Bjørn Lomborg
The Jordan B. Peterson Podcast
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The Value of Saving a Human Life: Economists' Perspective
Economists provide a monetary value to saving a human life when making decisions about allocating resources, such as investing in infrastructure to improve safety. They evaluate the costs and benefits to determine the social impact of investments. For every dollar spent on saving lives in the developing world, there is a social good of $87. However, despite the cost-effectiveness of such investments, they are not as widely implemented as they could be. This approach allows for the explicit prioritization of resources to maximize social benefits, but there is room for further expansion of such projects worldwide.
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