Markets in Organs
Society is very leery of creating markets for organs, for very good reasons. Many libertarians (following ideological dictates of Self-Ownership and Market Fundamentalism) think organ markets should be unregulated.
- A Framework for the Collection, Retention and Use of Human Body Parts [More...]
- Contains an extensive study of the nature of property rights, an extensive discussion of the arguments for and against property interests in bodies and body parts, and then an extensive discussion of the legal and ethical issues concerning organs, tissues and genes in a multicultural context.
- A Regulated Kidney Market Designed To Minimize Social Harms
- Libertarians endorse unregulated organ markets, but that would bring many social harms. Single buyer markets where the payments go to the donor's choice of charity might solve most of the problems.
- Imposing options on people in poverty: the harm of a live donor organ market [More...]
- "If a free market in organs was permitted and became widespread, then it is reasonable to assume that your organs would soon enough become economic resources like any other, in the context of the market. Selling your organs would become something that is simply expected of you as and when financial need arises. Our new ‘option’ can thus easily be transformed into a social or legal demand, and it can drastically change the attitudes that others adopt towards you."
- Market Design (4 links)
- Markets don't just spontaneously happen in their final (or current) form. They evolve or are designed by government and participants. Without such design or evolution, markets are rife with failures. Government must be involved to shape the laws and regulations that give order to the market.
- Matching Theory (5 links)
- (Also known as Stable Allocations.) Lloyd Shapley and Alvin Roth won the Nobel prize in economics for this theory. Noah Smith says "Matching Theory is basically an algorithm - a mathematical technology - for finding optimal matches between pairs or groups of people. It incorporates human preferences, optimization, and strategic behavior, so it is economics." It is also a good example of Central Planning that can work better than actual markets, and works well in the real world for organ donations.
- Repugnance as a Constraint on Markets [More...]
- Alvin Roth presents an even-handed overview of repugnant market issues and arguments. With special reference to markets for kidneys.
No quotations found in this category.