Author: Robert C. Koons (Robert C. Koons)

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Can We Measure the Value of Saving Human Lives in Dollars? Somber Calculations in a Time of Plague

In fighting Coronavirus, the precautionary principle is reasonable: we need to act so as to bring as close to zero the probability of the most extreme results. However, the precautionary principle does not point in only one direction. Closing down an entire society for a prolonged period of time is uncharted territory, with many perils. We must also bear in mind the pre-eminent importance of the common good to avoid a catastrophic social collapse.

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