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January 08, 2006

My Favorite Joke Of 2006

Ulisse Mangialaio on Doug Henwood's lbo-talk points out that Nobel Prize-winning economist Gary Becker has come out for a free market in organ sales:

"Another set of critics agree with me that the effect on the total supply of organs from allowing them to be purchased and sold would be large and positive, but they object to markets because of a belief that the commercially-motivated part of the organ supply would mainly come from the poor. In effect, they believe the poor would be induced to sell their organs to the middle classes and the rich. It is hard to see any reasons to complain if organs of poor persons were sold with their permission after they died, and the proceeds went as bequests to their parents or children. The complaints would be louder if, for example, mainly poor persons sold one of their kidneys for live kidney transplants, but why would poor donors be better off if this option were taken away from them? If so desired, a quota could be placed on the fraction of organs that could be supplied by persons with incomes below a certain level, but would that improve the welfare of poor persons?

[...]

My conclusion is that markets in organs are the best available way to enable persons with defective organs to get transplants much more quickly than under the present system. I do not find compelling the arguments against allowing the sale of organs, especially when weighed against the number of lives that would be saved by the increased supply stimulated by financial incentives.

Ulisse of lbo-talk then adds my favorite joke so far in 2006:

Adolf Hitler has called a press conference in hell to distance himself from Becker's statements.
Posted at January 8, 2006 01:38 PM | TrackBack
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