Covid-19: A Trade-off between Political Economy and Ethics

Schneider Henrique ()
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Schneider Henrique: Nordakademie gAG, Elmshorn, Germany

Statistics, Politics and Policy, 2021, vol. 12, issue 2, 323-340

Abstract: This paper investigates the trade-off between economics and ethics applying them to “lockdowns” as a policy measure to counter the Covid-19-pandemic. This is an academic research on the nature and mechanism of trade-offs in so far as they apply to decision making. In the course of the line of inquiry pursued here, several different ways of trading off are assessed. In applying them to the pandemics, each yield a different answer to the adequacy of lockdowns as measures against the pandemic. The economic trade-off found “optimalcy” conditions, the utilitarian-ethical trade-off failed to do so revealing that there is a problem using “scientific evidence” as basis for such a trade-off. The value-ethical trade-off found out that lockdowns do not pass the test of proportionality within the usual constitutional framework.

Keywords: lockdown; ethics; trade-off; GDP; cost (search for similar items in EconPapers)
JEL-codes: A11 D61 D80 I18 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:statpp:v:12:y:2021:i:2:p:323-340:n:3

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DOI: 10.1515/spp-2021-0001

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