Question
Save Lives! Sell Organs https://www.youtube.com/watch?v=RzhgY6Vj1JE This week we took a look at market efficiency. After reading the chapter and watching the above video, please respond
Save Lives! Sell Organs
https://www.youtube.com/watch?v=RzhgY6Vj1JE
This week we took a look at market efficiency. After reading the chapter and watching the above video, please respond this week with your thoughts on a legal market for kidneys. On page 145 in your text, the "Ask the Experts" section states that "A market that allows for payment for human kidneys should be established on a trial basis to help extend the lives of patients with kidney disease." 84% of economists surveyed either agreed with or were neutral with that statement. Only 16% disagreed.
Given what you now know about market efficiency (both consumer and producer surplus), do you believe that the US should legalize the market for human organs? Why/why not?
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