Writing Homework Help
Central Michigan University The Value of Human Life Discussion
you watched a video of Professor Milton Friedman, a Nobel-prize winning economist from the University of Chicago, debating with a 1970’s college student over the Pinto automobile that Ford Motor Co. produced without adding an $11 part to reduce the risk of the gas tank exploding in a rear-end collision. In making the decision, Ford relied on a cost-benefit analysis that showed it would be less expensive to pay legal damages for the anticipated burn deaths and injuries versus the cost of adding the part. The student seems to rely on moral intuition in taking the position that Ford was morally wrong to produce the Pinto without safety modifications. Friedman took the position that it was not a moral issue but an economic issue: “The real fundamental principle is that people individually should be free to decide for themselves how much they’re willing to pay for reducing the chances of their death.”
Answer this question: Who has the better argument and why?