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Philosophy of Economics - Report Example

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This work"Philosophy of Economics" describes a legal market for transplant kidneys from live donors. The author outlines a well-regulated market would address current concerns of an expanding black market for the organ, promote donor protection, and ensure fair compensation. It is clear about mutual benefits, the role of a well-regulate legal market…
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Philosophy of Economics
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Download file to see previous pages Different countries have diverse provisions on the sale of organs. The U.S., for instance, explicitly prohibits the practice under the 1984 National Organ Transplant Act (Satel, 2008). That is contrary to countries such as Iran and the Philippines that have developed a model of sale of organs (Clark, 2013). It is justified to institute a legal kidney transplant market to address the ever-increasing demand for the kidney transferred against a low level of supply from donors.
There is a high demand for organs such as kidneys. According to Barger (2011), there were 34, 000 patients on the waiting list in the U.S. In 2010, for instance, nearly 170, 000 people in need of an organ missed to get one. In essence, they die because of the high of patients in demand for organs against a low population of willing donors. The Scientific Registry of Transplant Recipients reports that only 40,000 Americans demanded kidney by 1999. In 2009, the record escalated to 83, 000 (Ogilvie, 2011). That represents a 100% increase in the number over ten years period. In the European Union, a population of 49 477 individuals was awaiting renal transplantation in 2011, according to a survey by Lennerling et al. (2012).
Advocates of a legal market for organs highlight concerns that a ban contributes to a rise in the black market for the sale of the organs according to a study by Kelly (2013). Furthermore, black markets encourage exploitation of disparate donors who do not receive fair compensation from beneficiaries of organ transplants. It is evident that the current ban of compensation for live kidney donors encourages the exploitation of the poor who are persuaded to donate an organ to the economically well-off individuals for a pittance (Berger, 2011). The contrary rarely happens; well-off individuals, in most instances, do not donate to the poor. That is tantamount to the exploitation of poor donors (Becker & Elias, 2007).
Proponents of the debate argue that a well-regulated kidney market would ensure all parties in the trade have full consent and information. Placing a ban on compensation for kidney donations contravenes Articles 3 and 29 as outlined under the Universal Declaration of Human Rights. Related to the concept of mutual benefits is the notion of market-inalienability. It is a concept that would express freedom of a willing individual or donor based on the standpoint that they have the liberty to execute their independent decisions. ...Download file to see next pagesRead More
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Philosophy of Economics Report Example | Topics and Well Written Essays - 2500 Words.
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