Economics of the Lockdown – Putting a value on life

Should you put a price on human life?

Is one life worth more than another?

How should we calculate this?

Julian Jessop, IEA Fellow and former IEA Chief Economist, looks at the economics of placing a value on human life and examines economic justifications for the lockdown.

What economic cost should we be willing to stomach and what implications does this have for extending the lockdown?