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- Title
PRICELESS GOODS: HOW SHOULD LIFE-SAVING DRUGS BE PRICED?
- Authors
Maitland, Ian
- Abstract
This article examines the ethical issues raised by the pricing of priceless goods. Priceless goods are defined as ones that are widely held to have some special non-market value that makes them unsuited for buying and selling. One subset of priceless goods is prescription drugs--particularly life-saving and life-enhancing ones Drug makers are under pressure to price their medicines responsibly, which means to restrain their prices (and profits). However, this article argues that it is precisely because life-saving and life-enhancing medicines are priceless that it is especially urgent to leave companies free to charge market prices for them.
- Subjects
PRICING; COMMERCIAL products; MARKET prices; CORPORATE profits; BUSINESS ethics; PHARMACEUTICAL industry &; ethics; DRUGS &; economics; HEALTH services administration; ETHICS
- Publication
Business Ethics Quarterly, 2002, Vol 12, Issue 4, p451
- ISSN
1052-150X
- Publication type
Article
- DOI
10.2307/3857995