LibraryScenariosWhen cost-benefit analysis puts price on human suffering
Scenario

When cost-benefit analysis puts price on human suffering

Our medical device has a defect that causes infections in 3% of cases but fixing it would cost more than the lawsuit settlements.

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More people experience this than they realize.

What we've seen

Reducing human welfare to financial calculations reveals the moral bankruptcy of purely economic thinking.

Ideas that help explain it
Worth thinking about

“Where Are You with Business ethics and financial decisions?”

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