Priceless goods: How should life-saving drugs be priced?

Research output: Contribution to journalReview article

35 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)451-480
Number of pages30
JournalBusiness Ethics Quarterly
Volume12
Issue number4
DOIs
StatePublished - Oct 2002

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