Join Login

Perhaps the most controversial aspect of valuation is the attempt to ascribe a financial value to a human life. Understandably, for ethical, religious or philosophical reasons, many people oppose the valuation of something commonly perceived as priceless, and argue that no monetary figure could possibly compensate entirely for the loss of a life.

Despite the reluctance of some, determining the value of a life is necessary for policy makers and those involved in health and safety. As resources are finite and not every premature death can be realistically avoided, decisions in improving public health through medical procedures or safety regulations are being made. Without this information it may be difficult to target spending and resources effectively.

This document first appeared as a blog on the Global Value Exchange.

Download Resource

Blog

Announcing Supply Change as Social Value Partners
Social Value UK are proud to announce Supply Change have joined as Social Value Partners. Supply Change is a platform that connects social enterprises…
How globalisation didn’t start with local
This blog was written by Charlotte Österman, Partner and Sustainable Development Director of international development consultancy Pax Tecum Global,…
Announcing Pagabo as Social Value Pioneers
Social Value UK are proud to announce Pagabo as Social Value Pioneers Pagabo are a different kind of framework provider. They have a combined 50+ years’…