The Value of a Human Life

Governors in some states have taken steps to begin reopening businesses in the middle of the coronavirus pandemic. Any easing of social distancing measures inevitably leads to uncomfortable conversations about the value of human life versus economic prosperity. Those types of conversations are nothing new, according to Howard Steven Friedman, a statistician and health economist at Columbia University. He says people have long calculated how much human lives are worth, including those working in the courts, the health care industry, and the government.