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A comment on UN report comes up with a better way to size up nations' wealth . Parent comment

Re:UN report comes up with a better way to size up nations' ... by msellout on Wednesday July 04, 2012 @01:41AM (#4197804)
The EPA and many other agencies try to quantify the value of life (cost of death). Without that estimate, they would be unable to decide the appropriate level of pollution to allow.
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Re:UN report comes up with a better way to size up nations' ... by rdl on Wednesday July 04, 2012 @05:14AM (#4198513)
And I think the number they use usually ends up pretty low -- something like $2-10mm.
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Re:UN report comes up with a better way to size up nations' ... by obtu on Wednesday July 04, 2012 @06:36AM (#4198776)
The report used 6.3 million USD for a US life (the EPA's VSL, value of a statistical life, p. 287). They want to learn more about the feedback between natural resources and health, so that they can price natural resources that economists are normally unable to value.
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