Economists have long used a metric called VSL (value of a statistical life) to calculate how much we should be willing to spend to save a life, but according to James Broughel, the VSL metric has it all wrong. Read more at RealClearPolicy.
Economists have long used a metric called VSL (value of a statistical life) to calculate how much we should be willing to spend to save a life, but according to James Broughel, the VSL metric has it all wrong. Read more at RealClearPolicy.