I am not entirely sure that this thread should be posted here in this forum. It does touch upon many areas of interest and I felt that this was the best place to start with.
It's a question of values.
Scenario
A man is dying of AIDS and science is busy trying to find an effective cure.
They discover a cure. They find that the cost per cure is very small (like the cost of a packet of cigarettes (inc. research and developement))
They have to arrive at a value to sell this drug at.
How do they arrive at this figure?
Cost $5.00 but sell at what?
In other words what price is the mans life?
Do they go for the highest price they can get or do they strike some arbitary figure that satisfies them and the market?
I know that this may appear to be more an ethical question but it's the philosophy of values that is my main interest.
Scenario
A doctor is the only doctor in the world who can perform a particular operation successfully and is in high demand, how does he value his work in terms of cash?
Does he just come up with a 100% mark up on cost or what?
There seems to be an interesting paradox on how we value things that are essentially unable to be valued in that life is pricless but has a cost attached to it and therefore a value.
With out taking the high ground........ we can spend $2.00 on a coffee and yet allow a person sitting on the street die for want of that $2.00
How does Philosophy define this aspect of human nature?
It's a question of values.
Scenario
A man is dying of AIDS and science is busy trying to find an effective cure.
They discover a cure. They find that the cost per cure is very small (like the cost of a packet of cigarettes (inc. research and developement))
They have to arrive at a value to sell this drug at.
How do they arrive at this figure?
Cost $5.00 but sell at what?
In other words what price is the mans life?
Do they go for the highest price they can get or do they strike some arbitary figure that satisfies them and the market?
I know that this may appear to be more an ethical question but it's the philosophy of values that is my main interest.
Scenario
A doctor is the only doctor in the world who can perform a particular operation successfully and is in high demand, how does he value his work in terms of cash?
Does he just come up with a 100% mark up on cost or what?
There seems to be an interesting paradox on how we value things that are essentially unable to be valued in that life is pricless but has a cost attached to it and therefore a value.
With out taking the high ground........ we can spend $2.00 on a coffee and yet allow a person sitting on the street die for want of that $2.00
How does Philosophy define this aspect of human nature?