How economic modelling is used to circumvent democracy and shut down debate
Most people think it is hard to put a dollar value on a human life, but they’re wrong. It’s easy. Economists do it all the time.
Most people think that all human lives are equally valuable. And most think economic modelling is boring, irrelevant to their busy lives, and unrelated to how our democracy is functioning. They’re wrong about those, too.
About ten years ago, a lawyer rang to ask if I would do some (economic) modelling. “It depends,” I said. “What’s the job?”