Price Tag on Life - 1400 Words

â€Å"PUTTING A PRICE TAG ON LIFE† In this video, some real life examples of Utilitarian principles and morality are presented. Generally, utilitarianism is an area of philosophy relating to the principles of justice, fairness, ethics and one of the studies helping to answer to the question â€Å"what is the right thing to do?† Jeremy Bentham is an early advocate of utilitarian philosophy, in which, the highest principle of morality is to maximize the general welfare and mass happiness. In other words, to maximize the utility and happiness over the suffering. To make comparison of come certain things, following the utilitarian theory, cost-benefit analysis can be done to be clear about expected benefits and sacrifices, which, consequently,†¦show more content†¦I believe, the main thing to consider is whether we can or cannot put a monetary value on human life, in first case, rather than make a cost-benefit analysis with self-imagined numbers and perceive it as right and just. Of course, there are many cases when voting takes place in order to get majority of the votes to take some certain action, and it does not, necessarily, mean that minority’s votes have less importance, because when we look at each individual, they have equal voting power, but the number of people agreeing on something particular is what matters the most. I believe, this is the principle, which puts utilitarian logics in the limelight and justifies from, actually, taking actions harmful to minority and doing something on its expense. According to Harvard video lecture, objections to the utilitarianism exist, which are: failure to respect individual or minority rights and impossibility to monetize all of the values. On one side, some say that life, experience and things we value can’t be captured, and if they can’t, the question rises, what are the consequences for the utilitarian theory? On the other hand, we can take an example of Thorndyke’s study regarding possibility, that human emotions, experiences and intangible assets can be measured in monetary value, which was tried to be proven after some studies involving individuals who were asked to determine a price they would accept in exchange of different unpleasant lifeShow MoreRelatedNaxalone Research Paper951 Words   |  4 Pages When the nation is facing a problem, we expect law makers to jump into action and save us through use of police officers, regulations, and new laws. We as citizens fail to see the price tag associated with fix ing problems until there is a raise in taxes. In the United States there have been 183,000 overdose deaths related to opioid use between the years 1999-2015 (Opioid 2017). With such a prevalent epidemic sweeping the United States it is hard to believe that there is no solution. 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