Showing posts with label Moral Economics. Show all posts
Showing posts with label Moral Economics. Show all posts

Monday, May 18, 2026

Kidneys and Moral Economics in the Financial Times

I spoke about economics with Keynes (Soumaya) in the FT:

Nobel laureate Al Roth and the economics of organ sales  
 "The economist Alvin Roth been talking about kidneys since at least 2003, noting time and again that kidneys are in short supply, waiting lists are growing longer, and people are dying as a result.
 

"So why is Roth — who appears on this week’s episode of the Economics Show podcast — still banging on about kidneys? Well, because all of those things are still getting worse."

Here is the podcast:

FT Podcast  The Economics Show with Soumaya Keynes. Should economics have fewer taboos? With Alvin Roth.   The Nobel laureate on the lines society draws around what can be bought and sold  

and here is the transcript:

Transcript: Should economics have fewer taboos? With Alvin Roth
Soumaya Keynes speaks to Alvin Roth, Nobel laureate and author of ‘Moral Economics’

"    Soumaya Keynes
So we always start this show with a silly question. So, on a scale of one to 10, how relaxed are you about marketisation? So 10, you’re extremely relaxed about having transactions in literally anything, and maybe five is the average person.

Alvin Roth
So I’m probably a 7.5, maybe 7.52."

 
 




 

Saturday, May 16, 2026

Moral Economics: video of the AEI book event (you can listen to me read from the book)

 You can watch the AEI book event (and hear me read the first paragraph of the book, and chat about it for about 20 minutes) followed by discussion by Alex Tabarrok, Judd Kessler and Nick Gillespie, and Q&A, all introduced an moderated by Sally Satel.

Here’s a picture taken by Peter Jaworski  


And here we are on Youtube (this was originally a live stream):

https://www.youtube.com/live/-TL4nlCpZEc 

 


Thursday, May 14, 2026

Moral Economics: A Book Event at the American Enterprise Institute, May 14 (You're invited, IRL or watch remotely)

Moral Economics: A Book Event  with Sally Satel
Thursday, May 14, 2026 | 4:30 PM to 6:00 PM ET
AEI, Auditorium | 1789 Massachusetts Ave. NW | Washington, DC 20036

You can RSVP at the above link.

Event Contact: Jillian Holley | Jillian.Holley@aei.org
Media: MediaServices@aei.org | 202.862.5829


Agenda
4:15 p.m.
Registration Opens

4:30 p.m.
Opening Remarks:
Sally Satel, Senior Fellow, American Enterprise Institute

4:40 p.m.
Presentation:
Alvin E. Roth, Professor, Stanford University

5:00 p.m.
Panel Discussion

Panelists:
Nick Gillespie, Editor at Large, Reason
Judd Kessler, Professor, Wharton School, University of Pennsylvania
Alex Tabarrok, Professor, George Mason University

Moderator:
Sally Satel, Senior Fellow, American Enterprise Institute

5:45 p.m.
Q&A

6:00 p.m.
Adjournment 

"What should the government ban, and why? Questions surrounding the legal status of prostitution, marijuana use, abortion, euthanasia, and more are typically answered in the language of morality or religion. In his new book, Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work, Nobel Memorial Prize in Economic Sciences winner Alvin E. Roth contends that we should judge policies by their consequences, not only by their intentions. A panel of economists and cultural commentators will address Dr. Roth’s arguments.

Submit questions to Jillian.Holley@AEI.org.
If you are unable to attend in person, a video livestream will be made available on this page.

 

Wednesday, May 13, 2026

Moral Economics: three podcasts, with Lawrence Krauss, Yascha Mounk, Sean Carroll

Some of the podcasts I participated in have or will come out this week, to mark the official publication of Moral Economics in the U.S. Here are those I became aware of yesterday.  I suppose you could binge on them if you want (or sample them, or even buy the book and read it or listen to it yourself:)

Below, on YouTube is the podcast with Lawrence Krauss that was recast after being lost. (It's also on substack.)

  

 "Alvin Roth is a Nobel Prizewinning Economist whose work on designing markets has had real world impacts that may have saved thousands of lives around the world, while arousing strong emotions both for and against the programs he has helped put in place.  Clearly not one to shy away from controversy, he represents the best of what The Origins Project is trying to promote: applying science and reason to public policy.   In short, connecting science and culture!

"Roth’s new book, which is fantastic, and comes out the same day this podcast is released deals with issues that often raise the public’s ire, from legalizing prostitution, to assisted suicide, and finally to a rational market for kidney transplants..."

########

Here's my conversation with Yascha Mounk (there's also a transcript accompanying his podcast The Good Fight, at the link):

Al Roth on Why People Should Be Free to Sell Their Kidneys
Yascha Mounk and Al Roth discuss what we miss when we separate economics from human emotion. 

"In this week’s conversation, Yascha Mounk and Al Roth discuss the impact of moral disgust on solving economic problems, whether we should allow financial payments for organ donation, and what the rise of OnlyFans tells us about changing attitudes towards the self and economic transactions. 

#######

And here's my conversation with Sean Carroll on his Mindscape podcast (with transcript):

Alvin Roth on the Economics of Morally Contested Markets 

 

 

Tuesday, May 12, 2026

Moral Economics: How to buy a copy at a bookstore

 It's publication day for Moral Economics, so I think my involvement in bookselling has probably reached it's peak.  You can buy it IRL now, at American bookstores, and my English publisher notes that you can still pre-order it there at a discount from independent bookstores (see below).

 Here's a snapshot taken at a Barnes and Noble in New York City on publication day May 12.

Moral Economics: New and Notable at Barnes and Nobel

 And here's a message from my publisher in England, where the book will come out in real life only later this month.

"May Pre-Order Offer 2026

We’re delighted to include your forthcoming book in our May Pre-Order Offer, for a limited time, readers will be able to pre-order your book and save 20%. With this offer, we’re aiming to drive extra sales supporting indie bookshops ahead of publication day.

How to get involved
Please share a
Bookshop.org link to your book between 13-17th May.

Pre-order a copy of my book from Bookshop.org between 13-17 May and save 20% with the code: PREORDER20 Every sale supports real independent bookshops across the UK!"

 

 

 

Felix Salmon, at Bloomberg, reviews Moral Economics

  Felix Salmon, at Bloomberg, reviews Moral Economics, which starting today is now sold in stores (at least in the U.S.):

An Economist’s Case for Selling a Kidney.  In a new book, Nobel laureate Alvin Roth argues that decriminalizing taboo markets can save lives.  

He tells this story from the book:

"Roth gave a talk in 2017 at the Organ Donation Congress in Geneva about one such chain that started in 2015. A woman from the Philippines, known in the literature as FW, was willing to give up one of her kidneys to save the life of her husband, FM. The two flew to the US, where FM received a kidney from an altruistic donor in Georgia, and FW’s kidney was transplanted into a man in Minnesota. A friend of the Minnesota man, who had been willing to give up one of her kidneys to save his life, instead gave one to a man in Washington, whose father-in-law gave a kidney to a woman in Georgia, and so on. By the end of the year there had been 11 successful transplants, and the chain was still continuing.

" After his talk, Roth was confronted by a Spanish doctor who was deeply concerned about the potentially problematic implications of the economic inequality between the Philippines and the US. Roth pointed out that without the transplant, the patient would surely have died. Replied the Spanish nephrologist: “He should be dead!” Spain’s National Transplant Organization later denounced Roth as an organ trafficker.

"Roth tells this story in his most recent book, Moral Economics (Basic Venture, May 12), which, at least in part, is an attempt to apply the empiricism of economics to domains that are often resistant to such analysis. The opposition to the 2015 kidney chain, for instance, comes from nephrologists who have no problem with chains but who draw the line at international chains, or at least chains linking poor and rich countries."

######

Much of the objection to cross-border kidney exchange appears to be fading, some of it was based on the idea that countries should be self-sufficient in transplants.

See earlier posts:

Friday, January 9, 2026  WHO Says Countries Should Be Self-Sufficient In (Unremunerated) Organs And Blood by Krawiec and Roth (now open source)

 

Friday, September 11, 2020  Global Kidney Exchange supported by the European Society of Transplantation's committee on Ethical, Legal, and Psychosocial Aspects of Transplantation .

Saturday, May 9, 2026

Markets, Morals and the Road Ahead: A Conversation with Dr. Vikas Shah about Moral Economics (on Thought Economics)

 Dr. Vikas Shah has published a post on his site Thought Economics, devoted to my imminently forthcoming book Moral Economics.  The long transcript combines a conversation we had together, interspersed with bits of the book itself, paraphrased to appear as part of the live conversation.

Markets, Morals and the Road Ahead: A Conversation with Nobel Laureate Professor Alvin Roth· by Dr. Vikas Shah 

"Roth’s new book, Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work (), is a tour through what he calls repugnant transactions — exchanges that consenting parties want to make but that others believe should be forbidden, often on moral or religious grounds. The territory ranges from sex, surrogacy and adoption to alcohol, drugs, blood plasma, vaccine challenge trials, kidney transplants and . Roth’s central argument is bracing in its calm: most contested markets cannot really be abolished, only relocated — driven underground, exported across borders, or left to operate informally and dangerously. The honest question is therefore not whether to permit such markets, but how to design and regulate them so that they command sufficient social support to work, and so that the costs and benefits fall in places we can defend. Markets, in his view, are tools to help decide who gets what; the work of moral economics is to keep asking, with evidence rather than absolutes, how those tools should be built. I spoke with him about the philosophical architecture of the book, the everyday paradoxes of repugnance, the lessons of kidney exchange, the controversies around vaccine challenge trials and assisted dying, and what new frontiers of moral contention the next generation of  — will force us to confront." 

Friday, May 8, 2026

It’s time to carefully but urgently rethink payments to kidney donors. My op-ed in the Washington Post

 This morning the Washington Post published my op-ed online (which is scheduled to appear in the print edition on Sunday). 800 words is hardly enough to explain why I think what I do...I could write a whole book about that.

But here's the op-ed: 

Why paying people to donate kidneys is a good idea

With 90,000 patients waiting for a kidney, compensating living donors would save lives.

 

 

Thursday, May 7, 2026

The Right to Choose to Die. Alvin Roth interviewed by Tim Phillips 1 May 2026 (VoxTalks Economics)

 Disputes about medical aid in dying are as contentious in Britain as in the US. Here's some discussion on VoxTalks Economics, in connection with my (imminently) forthcoming Moral Economics.*

The Right to Choose to Die      Alvin Roth interviewed by Tim Phillips 1 May 2026 
"Content note: this episode discusses assisted dying, end-of-life choices, and suicide. Some listeners may find the content distressing. 

 ...

"This week Tim Phillips talks to Al Roth of Stanford University about how economics can contribute to the debate on medical aid in dying (MAID). Roth, a Nobel Prize laureate, has written a new book that argues this, and similar debates, often miss the key insight: the binary choice of “allow” versus “ban” rarely reflects reality. For example, in the United States, he explains that physicians in jurisdictions where assisted dying is illegal are familiar with the practice of administering doses of drugs that will relieve pain, but also end life.

Roth's argument is not that assisted dying is always right. It is that a moral position that ignores the costs of a ban is not more ethical — it is less honest. Economists, he says, bring one specific thing to this debate: the insistence that trade-offs be made explicit. " 

 The right to choose to die Season 9 Episode 27  May 1

And here's the (automatically generated) transcript...

####

The UK version of Moral Economics is here

Saturday, May 2, 2026

Amazon's list of best non-fiction books coming out in May

 Here is Amazon's list of  Best Nonfiction books of May

(You have to scroll to the right to see Moral Economics, but I'm still glad to see that it's there:)

Publication day is May 12, just over a week away. 


 

Tuesday, April 28, 2026

Moral Economics: a brief review in the Sunday Times ("fascinating and very different":)

 A column (on unemployment) in the Sunday Times by it's economics editor  David Smith, ends with a brief review of Moral Economics, as a postscript:

 PS
"A lot of economics books cross my desk, but a new one, by the Nobel prize-winning economist Alvin Roth, grabbed my attention. Called Moral Economics: What Controversial Transactions Reveal About How Markets Work, to be published soon by Basic Books, it is not a title designed to send it racing off the shelves.

However, it starts in an arresting way with a story I had not heard before of another celebrated Nobel prize-winning behavioural economist, Daniel Kahneman, known to many for his bestselling book Thinking, Fast and Slow. Two years ago, he celebrated his 90th birthday with family in Paris before flying to Zurich and ending his life in an assisted suicide clinic. “Danny,” Roth recalls, “was still in relatively good health, but he wanted to avoid the prospect of a long, disabling decline.”

...

It is a fascinating and very different economics book, from which I may bring you more as I find it."

Thursday, April 23, 2026

Organ donation after euthanasia in the Netherlands

In the Netherlands, not only is it legal to receive medical aid in dying (MAID), but  a growing number of MAID patients are able to successfully achieve their desire to become deceased organ donors.

 From the American Journal of Transplantation:

 Wijbenga, N., Gan, C.T., Ruigrok, D., Berg, E.M., Hagenaars, J.A.M., Siregar, S., van der Kaaij, N.P., Mathot, B.J., van Pel, R., Seghers, L. and Manintveld, O.C., 2026. The Increasing Contribution of Organ Donation after Euthanasia to the Lung Transplantation Donor Pool in the Netherlands. American Journal of Transplantation. 

 "Abstract: The number of organ donation after euthanasia (ODE) procedures in the Netherlands has grown substantially, yet their contribution to the lung-donor pool remains unclear. There is no clinical consensus on how these potential ODE lung-donors should be assessed. We aimed to describe the total contribution of ODE to the lung-donor pool in the Netherlands and describe the assessment of potential ODE lung-donors.
We collected data from all ODE procedures performed between 2012-2024 in the Netherlands. We assessed the number of ODE-lungs offered, rejected, accepted, and transplanted, comparing characteristics of discarded and transplanted lungs.
Of 1166 lung-donor, 664(60%) were DCD donors of which 154(23%) were ODE lung-donors. The total proportion of donor lungs from ODE lung-donors acceptable to offer for lung transplantation was 117 of which 104 (89%) were transplanted.
Evaluation prior to donation was highly variable, with medical history and chest CT most affecting acceptance decisions. Short-term outcomes were excellent, with 1-year survival of 84%.
Our findings indicate that ODE lung donors are increasingly important in the Netherlands, with high acceptance rates, despite highly variable evaluation methods. Standardizing the assessment of potential ODE lung donors could further improve acceptance rates and enhance the contribution of ODE to the lung-donor pool."

Moral Economics, on the Passion Struck podcast

In the run up to the May publication date, I've been interviewed on a variety of podcasts about my book Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work.  Here's one from the podcast Passion Struck: Nobel Laureate Alvin Roth: How Incentives Shape Your Life | EP 757

 

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Earlier:

Wednesday, April 22, 2026   Moral Economics, on the Armchair Expert podcast

Below is a one minute bit excerpted from the Armchair Expert interview, on why it's easy to buy drugs, but hard to hire a hitman: 

The Difference Between Hitmen and Dealers

 

Wednesday, April 22, 2026

Moral Economics, on the Armchair Expert podcast

At the Armchair Expert podcast, Dax Shepard interviewed me in anticipation of the May publication of my book Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work  

 

Here's the video (which was recorded last month at their studio in LA): 

Sunday, April 12, 2026

First box of books

Moral Economics won't be for sale until May 12, but the supply chain is stirring: my publisher sent me a box of finished copies.


Monday, April 6, 2026

Moral Economics: Al Roth and Ray Fisman at Cambridge Public Library, Monday May 11

 Here's the invitation to a discussion I'll have in May with Ray Fisman, about Moral Economics.

Some of my Boston/Cambridge friends asked how to get tickets now because they're afraid it will sell out (the price is right), and others because they're afraid that if they don't come Ray and I will be speaking to an empty hall...

Alvin E. Roth at the Cambridge Public Library   Monday, May 11 at 6 pm

You can get tickets at this link

Alvin E. Roth at the Cambridge Public Library 

"Harvard Book Store and the Cambridge Public Library welcome Alvin E. Roth—Nobel Prize–⁠winning economist, the Craig and Susan McCaw Professor of Economics at Stanford University, and the George Gund Professor of Economics and Business Administration Emeritus at Harvard University—for a discussion of his new book, Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work. He will be joined in conversation by Ray Fisman—who holds the Slater Family Chair in Behavioral Economics at Boston University.
Ticketing

RSVP for free to this event or choose the "Book-Included" ticket to reserve a copy of Moral Economics and pick it up at the event. Following the presentation will be a book signing." 

Saturday, April 4, 2026

Nonfiction Publishing, Under Threat, Is More Important Than Ever (New Republic)

 As an author with a forthcoming non-fiction book, it's both depressing to read that non-fiction book sales are down, but inspiring to read of the importance of books.

The New Republic considers the (diminishing) prospects and (continuing) importance of non-fiction books.

Nonfiction Publishing, Under Threat, Is More Important Than Ever
Cuts in publishing and book reviewing imperil the future of narrative nonfiction, and our understanding of the world around us. 
 by Paul Elie

 “The decline in sales of new nonfiction might reflect a changing information ecosystem,” Elizabeth Harris observed. “People looking for information can now easily turn to chatbots, YouTube, podcasts and other free online sources.” Last December, The Guardian cited NielsenIQ figures indicating a one-year drop of 8.4 percent in nonfiction book sales (twice that of fiction) and quoted a writer who had “heard publishers have soured on any nonfiction that isn’t ‘Hollywood friendly.’”

... 

"Fretful narratives about the demise of books and the rise of devices have been in play for half a century or longer. “Our world of books, like most other worlds now, is the arena of an increasingly bitter struggle for space, and for the limited reading time that a busy citizen in this electronic age can afford,” John Updike lamented when accepting the American Book Award in 1982. Narrative nonfiction in particular has faced headwinds in mass culture before. And in many respects, the challenges it faces are built in. Long fact is hard to publish and always has been. Reportage and research take time, resources, attention, and fortitude. A book can require several years to write and another year and a half to be edited, checked, printed, and publicized—only to wind up coming out during a news cycle dominated by a sex scandal, school shooting, pandemic, or war. It was as true half a century ago as it is today that readers expect to pay for fiction but are used to getting nonfiction passively through the media. 

...

"In societies where freedom is under threat, an informed citizen is countercultural and deep reading is an act of resistance. Just as protest and vigilance are essential, so is the ability to read and think. In a would-be autocracy, the autocrat aims to subsume our society’s particular narratives into his master narrative—in which his name fills the headlines, his voice and image dominate the broadcasts, and his airbrushed visage appears on the facades of government. To read a book, however, is to enter a narrative that stands outside the politics-and-media maelstrom. In a would-be autocracy, even a small bookstore—with hundreds of books, classic, recent, and current—is a space of contrary narratives, where truth is recognized as both essential and complicated." 

Monday, March 23, 2026

The innovative supply chain of illegal drugs--even in prisons

 Strategy sets are big, so we’re not going to be able to end illegal drug use by spraying defoliants on fields of poppies, or arresting dealers, or attacking speedboats. If we can’t stop the spread of drugs even in prisons, the chance of purely police/military solutions for stopping drugs on the streets isn’t looking good.

The NYT has the story:

No Pills or Needles, Just Paper: How Deadly Drugs Are Changing
Lab-made drugs soaked into the pages of letters, books and even legal documents are being smuggled behind bars, killing inmates and frustrating investigators. 
By Azam Ahmed and Matt Richtel 

" Today, fringe chemists are ushering in a total transformation of the illicit drug market. Operating from clandestine labs, they are churning out a dizzying array of synthetic drugs — not only fentanyl, but also hazardous new tranquilizers, stimulants and complex cannabinoids. Sometimes, several unknown drugs appear on the streets in a single month. Many are so new they are not even illegal yet.

"Nearly all of them are harder to trace than conventional drugs, less expensive to produce, much more potent and far deadlier, according to scientists and law enforcement officials across the globe.

...

"After that first death in the Cook County jail in January 2023, it took months for Mr. Wilks’s team to realize that these mysterious new drugs were being sprayed onto the pages of the most innocuous-seeming items: books, letters, documents, even photographs.

"The sheets of drugs, worth thousands of dollars a page, were being torn into strips and smoked by inmates 

...

"But the traffickers were cunning. When regular mail got checked more closely, smugglers began lacing legal correspondence. Soon, officers discovered sealed packages that looked as if they had been shipped directly from Amazon, with drug-soaked books inside. "

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It’s hard to shut down markets that people want to participate in.
Someone should write a book about this.