2012 № 3

Epistemological approaches in economic evaluation of human life


This paper presents author’s definitions of human life price and human life value basing on the conducted analysis of economic theories. Cost approach was applied to estimate the cost and price of life, which allowed to equally evaluate each person in the society at different periods of his life. Algorithms for calculating the price and value of a human life are presented, examples of assessments of cost and price of human life in some foreign countries and in the Russian Federation are given.

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Aleksandr A. Kuklin — Dr. Sci. (Econ.), Head of the sector of diagnostics and forecasting of socio-economic security of the region, Institute of Economics of the Ural Branch of RAS (Ekaterinburg, Russian Federation; e-mail: alexkuklin49@mail.ru).

Svetlana E. Shipitsyna – Cand. Sci. (Econ.), Senior Lecturer, Department of Finance, Credit and Exchange Business, Perm State National Research University (Perm, Russian Federation; e-mail: sv-in-sure@mail.ru).