A Bill Gates Interview on Global Health

Including one of the biggest lessons economics can teach us.

Ezra Klein: You’ve talked a lot so far about this question of disability-adjusted life years (DALYs). We’re very uncomfortable putting a value on human life…[But] a prerequisite for the kind of cost-cutting innovations you’re talking about it is being willing to make judgments about what a human life is worth, or even what a few months of a human life are worth.

Bill Gates: Yes, someone in the society has to deal with the reality that there are finite resources and we’re making trade-offs, and be explicit about that.

There is much more here.

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