Nobel Prize Winning Economist: Legalize Sale of Human Organs

retroworks writes "Dr. Gary Becker (University of Chicago) and Julio Elias (Universidad CEMA, Argentina) wrote a thought-provoking editorial in last week's WSJ, arguing that the prohibition on voluntary sale and trade of human organs is probably killing people. In 2012, 95,000 American men, women and children were on the waiting list for new kidneys. Yet only about 16,500 kidney transplant operations were performed that year. 'The altruistic giving of organs might decline with an open market, since the incentive to give organs to a relative, friend or anyone else would be weaker when organs are readily available to buy. On the other hand, the altruistic giving of money to those in need of organs could increase to help them pay for the cost of organ transplants.' Paying for organs would lead to more transplants, the article maintains. 'Initially, a market in the purchase and sale of organs would seem strange, and many might continue to consider that market "repugnant." Over time, however, the sale of organs would grow to be accepted, just as the voluntary military now has widespread support.'"

Comments

Swedish banking prize

[Luthair]

Seriously, there is no Nobel prize in economics. There is however a prize setup by the Swedish bank hijacking the prestige of real Nobel laureates. Further members of the Nobel family have spoken out against it.