Conclusions
Unlike McKenzie and Tullock, we do not know how personsshould treat their bodily organs or what is an “ideal exit.” That depends upon their utility goals, which are defined in output terms specific to the decision maker. We contend that the body is an input into the utility production process, and therefore, as with any input, it must be maintained and repaired at a level consistent with the output goals for maximization of utility. Thus, from this framework, it is quite consistent for a person to die with healthy organs without any thought of “belief in reincarnation” or the “desire to bequeath one's bodily organs to others,” or “religious values.” Self interest is all that must prevail.
Also, the fact that there are interrelationships between the organs in the system, and at points these relationships take on fixed factor characteristics such that reduced levels of operation in one organ can create disorientation or coma or damage to other organs, means that the body cannot die as M-T suggest. Zero capacity for all organs at death is a technical impossibility as well as being inconsistent with the output goals of utility maximizers.
Similar content being viewed by others
References
C. E. Ferguson,The Neoclassical Theory of Production and Distribution, Cambridge: Cambridge University Press, 1969.
Ragnar Frisch,Theory of Production, Chicago: Rand McNally and Company, 1965.
Nicholas Georgescu-Rogen, “Fixed Coefficients of Production and the Marginal Productivity Theory,”Review of Economic Studies, 1935, pp. 40–49.
Richard B. McKenzie, “The Most Economical Way To Go,”Atlantic Economic Journal, April 1974, p. 77.
__ and Gordon Tullock,The New World of Economics, Homewood, Illinois: Richard D. Irwin, Inc., 1975.
Arthur Smithies, “The Boundaries of the Production Function and the Utility Function,”Explorations in Economics, New York: McGraw-Hill Book Co., 1936, pp. 326–35.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Lindley, J.T., Beall, L.G. The economics of dying: A misapplication of tools. Atlantic Economic Journal 10, 44–47 (1982). https://doi.org/10.1007/BF02300068
Issue Date:
DOI: https://doi.org/10.1007/BF02300068