Repugnant markets

Thousands of people die every year while on the waiting list for a kidney; billions have a spare kidney. There’s the possibility of a trade here, but buying and selling kidneys is widely thought of as, frankly, a repugnant exploitation of the poor by the rich. Should it be? (…) Kidney selling is just one example of a repugnant market …”

Tim Harford discussed repugnant markets in a BBC News programme, from which I took the except above. Now he takes up the issue again in his blog. Russ Roberts also discusses with Richard Epstein what we should be allowed to sell and buy in a podcast on the economics of organ donation at EconTalk.

Good food for thought.

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