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Mishan's work on the statistical valuation of human life also made an impact.
As a result, human inventory decisions deviate from classical normative predictions, and we find evidence for reference-dependent valuation of human decision makers.
If we combine our machine-potentials of a factory with the valuation of human beings on which our present factory system is based, we are in for an industrial revolution of unmitigated cruelty.
Up to this point in the article, I was entertained and amused, perhaps because of my statistical background, but I didn't see how this rational argument would change many minds when it came to our irrational valuation of human life.
Is there really such a difference that the second can be dismissed as the way of the world, while the first is "not mere violation but something more profound," a crime so audacious that "a general deterioration in the valuation of human life, such as was seen in Europe during the first half of the twentieth century, could happen again"?
Even as a well-intentioned attempt to combat racial disparities, such practices can send a dangerous message about the valuation of human life.
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The key, however, is not to compare these traumas, but unite ourselves against their causal factor: different valuations of human life, and the ideologies they create: Islamophobia, Anti-Blackness, and Anti-Semitism for example.
The poetic vision, contained in the Shijing, underscores the Confucian valuation of common human feelings.
In particular, questions remain regarding the most ethically, morally, and economically defensible approach to valuation of future human health and well-being; whether and how to use discount rates; and what tools are best for comparing disparate types of costs, benefits, and constraints.
Herman offers three reasons why assigning valuation to human capital has not yet occurred on either side of the Atlantic.
The three most important human institutions governed by hypothetical laws of nature are speech, dominion over things (property) and price (the valuation of things), and human sovereignty (including the civil state)—the subjects of DJN IV V and VI VIII.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com