The Limits of the “Rational Economic Man”

The video explores the use of markets to address social issues, focusing on controversial topics like sterilization of drug-addicted mothers and the legality of a kidney market. It discusses the ethical implications of economic coercion and rational decision-making, and examines how preferences influence public policy. The role of education in shaping societal values and preferences is also highlighted.

What are the potential societal impacts of commercializing organ donation?

What role does government play in regulating markets for organs, according to the discussion?

How does the concept of Pareto efficiency relate to voluntary transactions in organ markets?

How should preferences be evaluated in economic transactions, especially when they may be morally objectionable?