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Human capital approach to valuing a human life

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Reference no: EM131376647

Radiolab Podcast Worth

What is the human capital approach to valuing a human life? If people are too poor to afford treatment costs for life-threatening illnesses, such as heart surgery or cancer treatments, how could the willingness to pay approach to be higher than the human capital approach?

Based on the PodCast's reference to the WHO's formula for countries to evaluate cost-benefit drug treatment verse life, pick a country that a fellow student hasn't already chosen and run the formula based o that country' current GDP.

Reference no: EM131376647

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