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

Monday, October 26, 2026

Brocher conference on boundaries for incentives in organ donation Oct 27-29 in Geneva

 I'm on my way to the Brocher Foundation, near Geneva, for a conference organized by Swisstransplant (SWT) and the Declaration of Istanbul Custodian Group (DICG), on

 Constructive dialogue interrogating boundaries for incentives in organ donation  

"The shortage of organs available for transplantation poses a major challenge to healthcare systems. Some proposals aim to introduce incentives to encourage organ donation. This workshop examines the ethical implications of these strategies and discusses acceptable limits for promoting donation while respecting human dignity." 

Saturday, October 24, 2026

WHO GETS TO CHOOSE? LIFE, FREEDOM, AND MORAL BOUNDARIES, a discussion with Marco Cappato, today at Collegio Carlo Alberto

I'm excited that I will get to discuss Moral Economics and controversial markets today with Marco Cappato, who has played such a large role in dealing with controversies involving medical aid in dying and reproductive rights.

CHI DECIDE? VITA, LIBERTÀ E CONFINI MORALI

WHO GETS TO CHOOSE? LIFE, FREEDOM, AND MORAL BOUNDARIES

sabato 24 ottobre
17:00 - 18:00
Centro Città
Collegio Carlo Alberto | Auditorium
Piazza Vincenzo Arbarello, 8, Torino

With

MARCO CAPPATO, ALVIN ROTH

Moderates

CATERINA SOFFICI

Live translation available

Quando le scelte riguardano il corpo, la vita e la morte, dove finisce la libertà individuale e dove deve iniziare la regolazione pubblica? Cosa dovrebbero fare le società quando le convinzioni morali divergono profondamente? Come possono le istituzioni proteggere la libertà di scelta senza lasciare indifesi i più vulnerabili?

 
When choices involve the body, life, and death, where should individual freedom end and public regulation begin? What should societies do when moral convictions sharply diverge? How can institutions protect freedom of choice without leaving the most vulnerable unprotected? 

Friday, October 23, 2026

"I'm more worried about democracy than artificial intelligence": Italian press on Moral Economics in advance of the International Festival of Economics

In the run-up to the  International Festival of Economics in Turin starting today, Vanity Fair in Italy publishes an interview with me under this headline:

Alvin Roth: «Sono più preoccupato per la democrazia che per l’intelligenza artificiale»

 "I'm more worried about democracy than artificial intelligence" 

 

The Festival itself publishes this article:

ROTH E LA SFIDA DEI MERCATI RIPUGNANTI  ROTH AND THE CHALLENGE OF REPULSIVE MARKETS 

 

And here's an essay I sent in English, translated into Italian, which you can translate back pretty well:)

Eco­no­mia in cerca di morale
Esi­stono mer­cati con­tro­versi (alcol, gioco d’azzardo, utero in affitto...) su cui i vari Paesi hanno posi­zioni diverse, riflette il Nobel Alvin E. Roth: non sem­pre si arri­verà al con­senso col­let­tivo, ma è lecito esplo­rare com­pro­messi La Lettura
Di ALVIN E. ROTH (tra­du­zione di Rita Bal­das­sarre)

Economy in search of morale
There are controversial markets (alcohol, gambling, surrogacy...) on which the various countries have different positions, reflects the Nobel Prize winner Alvin E. Roth: collective consensus will not always be reached, but it is legitimate to explore compromises 

Monday, October 19, 2026

Moral Economics reviewed in American Journal of Transplantation

 I wonder if this is the first time an economics book has been reviewed in the American Journal of Transplantation.

Poetic justice: A review of moral economics by Alvin E. Roth
Michael A. Rees

 "Alvin E. Roth describes poetic justice as the Virginia state flag flying at half-mast in 2020 in honor of Bernie Cohen, who argued the US Supreme Court case Loving v. Virginia that made interracial marriage legal. Turns out Mildred and Richard Loving were convicted of interracial marriage in 1967, arrested by police at 2 AM at home in their bed, and sentenced to 1 year in prison but suspended on the condition that they leave Virginia for 25 years. Reading what the Virginia Court of Appeals judge wrote, side by side with what the US Supreme Court wrote, is, by itself, worth the price of the book.
 

"Those of us in the field of transplantation have felt—and will continue to feel—the impact of repugnance. In moral economics, Alvin E. Roth takes us on a grand tour of how repugnance shapes transactions across a wide spectrum of human activities. Take uterus transplantation, pioneered in Sweden, a country where repugnance to surrogacy has made it illegal. You can transplant a uterus into a woman with infertility in Sweden, but do not you dare use a surrogate’s uterus in her own body to help you achieve a baby! Alvin E. Roth defines repugnance as a morally contested market that some people would like to participate in, but others think should be outlawed. He goes on to call a transaction repugnant if “all parties to the transaction want to engage in it, and others think they shouldn’t be allowed to for moral or religious reasons, even though those others can’t detect that the transaction has taken place unless someone tells them.”1 I found it fascinating to walk through all the ways in which repugnance has shaped the world in which we live.
 

"The book starts with a clear example of a transaction that many people want to engage in: sex. Of course, I knew about the repugnance surrounding prostitution and pornography, but could hardly believe the stories of how far people go on either side of a repugnant transaction. I found my own views challenged by what I thought was right, especially when considering the outcome I desired from the controversy being described. It was interesting to have these stories told by the “Father of Market Design” and to think about sexual desire as a contested marketplace with good and bad outcomes that could be influenced by better market design.
 

"It is not the first time I have been surprised to think about a human desire for something like love or health as a transaction that economists could study. I first met Alvin E. Roth in about 2004 when he thought he could help us transplant professionals do a better job with kidney exchange. I made the mistake of thinking that economists only worried about money, albeit at both the microlevel and macrolevel. This book makes clear that if we want to have the desired outcome of helping as many people as possible through organ transplantation, we are going to have to think like market designers and overcome repugnance to innovation. Remember Richard Lower in 1968 being threatened with criminal charges for “wrongful death” for removing a donor heart prior to the establishment of brain death criteria?
 

"My favorite chapter was about reproduction. You would not believe all the interesting twists and turns that have happened as artificial reproductive technology has blossomed, and some people wanted to have babies using it, whereas others were morally aghast at their desire, working hard to stop them. It was interesting to see different sides of contraception, abortion, in vitro fertilization, egg and sperm donation, paternity, maternity, parenthood, and surrogacy. But Alvin E. Roth has such a nice way of distilling complicated concepts, such as this quote: “Some critics have said that looking for an egg donor who attends Harvard, for example, reeks of eugenics. In response to that, Professor Kim Krawiec, perhaps the leading legal scholar of “taboo trades,” gave a very cogent response: “Fertile people have been screening for beauty and intelligence for years and years. It’s called dating.”2
 

"If transplantation attracted you as a field in part because of the ethical challenges encountered when considering organ donors and recipients, Moral Economics provides a narrated guide through thorny issues. Near the end of the book, we find perhaps the best call to action for those of us who want to solve problems. The Persian poet Rumi invites us to navigate repugnance: “Out beyond ideas of wrongdoing and rightdoing, there is a field. I’ll meet you there.”3
 
1. Roth, A.E.
Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work. Hachette UK; 2026
2026

2. Jones, A. Putting a Price on a Human Egg.”
Wall Street Journal. July 26, 2015;
Accessed XXX www.wsj.com/articles/putting-a-price-on-a-human-egg-1437952456


3.Rumi, “Out Beyond Ideas of Wrongdoing and Rightdoing.” Poetry Society of America. 

Thursday, October 15, 2026

NBER Market Design Working Group Meeting, tomorrow at Stanford

 Here's the program for the NBER Market Design Working Group Meeting, Fall 2026

I'll be discussing Moral Economics with Canice Prendergast. 

Friday, October 16

8:00 am Continental Breakfast
 
9:00 am Personalized Recommendations Without Inducing Congestion: Mitigating Disparities in the NYC High School Match
 
9:45 am Who Gets What in Education: Can School Matching Improve Student Achievement?
 
10:30 am Break
11:00 am Searchable Menus
 
11:45 am Two-Sided Matching with Partial Participation
 
12:30 pm Lunch and Conversation with Al Roth about his latest book, "Moral Economics" with Canice Prendergast as Moderator
 
2:30 pm Clearing Multi-Unit Markets with Simple Pricing
 
3:15 pm Quota Marketplace: Dynamic Pricing for Efficient Allocation of ML Training Resources
 
4:00 pm Break
 
4:30 pm One-Shot Pricing for Hands-Off-the-Wheel Advertising Markets
 
5:15 pm Paying for Information, Not for Clicks: A Block-Level Publisher Content Marketplace for AI Answers
6:30 pm Group Dinner 
 

Saturday, October 17

8:00 am
9:00 am
 
9:45 am
 
10:30 am
 
11:00 am
11:45 am
 
12:30 pm

Monday, October 12, 2026

The once and future market for prostitution in Rhode Island

 Kim Krawiec, the great legal scholar of repugnant transactions, has written that rare (almost never seen) book review that extends the empirical study of an important, well-studied social science event, namely Rhode Island's experience of legal prostitution. It provides an illuminating followup to the germinal paper by Cunningham and Shah. (Prostitution in R.I. is one of the controversial markets covered in Moral Economics, and I believe Krawiec's book review is headed for a forthcoming symposium on the book in Œconomia ­­.)

The Smallest State's Big Experiment by Kimberly D. Krawiec
 October 09, 2026

Abstract
Rhode Island’s accidental decriminalization of prostitution in 1980 is typically told as the story of a legal change that went unnoticed for more than two decades. This review of Alvin Roth’s latest book, Moral Economics, challenges that standard account and explores its implications for Roth’s argument that markets need social support to flourish. Drawing on court records, contemporaneous news reports, arrest statistics, and legislative proceedings, I show that the statutory change was noticed almost immediately. Prostitution-related arrests continued, not because police and prosecutors were ignorantly arresting and charging sex workers and clients under a statute that no longer existed, but because the legal system adapted using tools – primarily the loitering prohibition that survived the 1980 rewrite – that have long been used to police behavior and individuals considered repugnant. After a 2003 judicial ruling closed an important enforcement avenue against indoor sex work and vaulted the market into the open, a coalition formed around trafficking concerns that eventually paved the way for recriminalization in 2009. Rhode Island’s accidental experiment with decriminalized sex work provided neither the deliberately designed regulatory framework nor the political backing that could build the type of social support that Roth insists (correctly, in my view) markets need to function well. 

Wednesday, October 7, 2026

The first 100 cases of organ donation after euthanasia in the Netherlands

 Here's a controversial market with something for everyone to argue about: organ donation after euthanasia, including psychiatric patients, in the Netherlands.

van Dijk, N., Wijffels, S., Wind, T. et al. The first 100 cases of organ donation after euthanasia in the Netherlands: lessons from preliminary experiences. BMC Med Ethics (2026). https://doi.org/10.1186/s12910-026-01590-5 

"Background
Organ donation after euthanasia (ODE) is an evolving, patient-initiated procedure in the Netherlands. While it gives meaning to donors at the end-of-life, it introduces complex ethical and practical challenges for healthcare professionals. This study aims to describe the clinical characteristics and donation outcomes of the first 100 ODE procedures in the Netherlands, while outlining the practical and ethical dilemmas encountered.

Methods
A retrospective analysis was performed on prospectively collected data from the first 100 ODE procedures conducted between September 2012 and February 2023. To gain deeper insight into practical experiences and ethical themes, these data were discussed with organ donation coordinators and intensivists involved in the procedures. The analysis focused on clinical characteristics and donation outcomes, as on ethical and practical challenges.

Results
Neurodegenerative disorders were the primary underlying cause of suffering (52%), followed by psychiatric conditions (31%). The first 100 procedures resulted in 408 transplanted organs. Most procedures were performed in intensive care units, with general practitioners performing euthanasia. Key ethical and practical challenges included the tension between clinical protocols (e.g., fasting) and patient comfort, the medicalisation of the dying process through invasive monitoring, and the logistical barriers of starting ODE from home (ODEH). Furthermore, ethical concerns persist regarding euthanasia in psychiatric and dementia cases, and the emotional burden on healthcare professionals.

Conclusions
Patient-initiated ODE is feasible and allows patients to fulfil altruistic end-of-life wishes, but introduces complex ethical and practical challenges. Balancing organ donation with a dignified, non-medicalised death requires careful planning, especially as ODE expands to psychiatric and early dementia cases. Healthcare professionals face emotional and logistical burdens, yet are motivated by the positive impact on donors and recipients. Insights from these initial cases contributed to the development of the 2024 Dutch guideline, which supports both local and centralised procedures and which removed distinctions between somatic and psychiatric suffering. Further research should explore relatives’ perspectives to understand the broader impact of ODE(H). "

Monday, October 5, 2026

Moral Economics in Portuguese

 Moral Economics has been translated into Portuguese in Brazil, as Economia moral

 9788501927606.jpg

Economia moral (Portuguese Edition)
Portuguese Edition by Alvin Roth (Author), Alessandra Bonrruquer (Translator) Format: Kindle Edition


"Alvin Roth, vencedor do Prêmio Nobel de Economia de 2012, analisa o que acontece quando os mercados esbarram em questões controversas e mostra por que precisamos lidar com escolhas difíceis quando não conseguimos concordar sobre o que é certo ou errado para a coletividade.

 "Economia moral parte de algumas das perguntas mais complexas de nosso tempo: o que pode ser comprado, vendido ou trocado em uma sociedade e quais são os limites morais dos mercados? As pessoas devem ter o direito de interromper uma gravidez, de realizar tratamentos de fertilização in vitro ou de “alugar” seus úteros? A maconha deve ser comercializada em mercados legalizados? E quanto aos opioides? Devem ser vendidos irrestritamente? É aceitável remunerar alguém pela doação de sangue ou até mesmo de um rim? Essas questões geram debates intensos, uma vez que os argumentos sustentados por aqueles que consideram essas transações aceitáveis e os que as consideram repulsivas geralmente se baseiam em convicções morais ou religiosas inegociáveis.

"Em Economia moral, Alvin Roth defende que é possível buscar a resolução desses e de outros impasses da atualidade quando os examinamos sob a perspectiva dos mercados. Mediante uma análise cuidadosa dos mercados controversos e das chamadas transações repugnantes, o autor aborda temas que provocam debates éticos e sociais, como a venda de órgãos, a prostituição e a eutanásia. Sua proposta não é a liberação ou a proibição de todo tipo de transação repugnante, mas sim suscitar uma profunda reflexão acerca de um desenho de mercado eficiente e responsável que encontre o equilíbrio entre preservar a liberdade individual e proteger os grupos mais vulneráveis."

 

“O livro aborda assuntos fundamentais, mas controversos, de maneira profunda, perspicaz e envolvente. Esta é uma leitura essencial.” ― Science Magazine
 

Friday, September 25, 2026

Heroin, hitmen and black markets on Behavioral Grooves

The hosts of the podcast Behavioral Grooves open by chatting about heroin and hitmen, followed by a discussion among the three of us: 

  Behavioral Economics: When Markets Clash with Morals | Al Roth

"Horse meat, kidneys, prostitution. What happens when the things people want to buy, sell, and trade collide with what society has deemed “off-limits”? Nobel Prize-winning economist Alvin “Al” Roth joins us to explore the behavioral science behind controversial markets, from repugnance and social norms to black markets, incentives, and informed consent. We also dig into his work redesigning the kidney exchange market and how asking a different question can open up new possibilities for solving seemingly impossible problems.

Topics
[0:00] Intro and Speed Round with Alvin “Al” Roth
[9:21] What Is a Market?
[13:10] Repugnance vs. Disgust
[20:00] How Social Norms Shape Markets and Morality
[24:12] Do Laws Change Morality, or Does Morality Change Laws?
[28:25] Drugs, Hitmen, and the Social Support Behind a Ban
[34:23] Rethinking the Market for Prostitution
[38:12] Can Money Be Coercive?
[46:12] Redesigning Kidney Donation With Incentives
[50:42] What Do We Do When the Data Can't Change Minds?
[52:47] “Ought Implies Can” and the Limits of Moral Rules
[1:03:05] Grooving Session: What We Learned From Al Roth"

Thursday, September 24, 2026

Moral Economics in Korean

Here's the first commercial translation I've seen of my book Moral Economics, which appeared in English in May 2026.

 I suspect that, now that A.I. can offer substantial assistance, some translations will appear more rapidly than in the past. 

The title in Korean is 금지된 거래의 경제학도덕과 시장은 공존할 수 있는가, The Economics of Forbidden Transactions: Can Morality and Markets Coexist? (You can buy it here.)

 

New release

Here's a book review in the Seoul Economic Daily.

Here's another. Both are in English.

Wednesday, September 16, 2026

"The single most important quality in a great researcher is to be lucky"

 Here's an interview recorded during my visit to Taiwan this past April.  It begins with my first reply:

"The single most important quality in a great researcher is to be lucky, and to find topics that are worth working on and that yield to investigation."

 

x 

Tuesday, September 1, 2026

Three takeaways on Moral Economics, with Lynn Thoman

 Lynn Thoman and I discuss three takeaways from Moral Economics (and hers are different than mine):

 You can listen here:

Why Doing the “Right Thing” Can Make Everything Worse 

 and you can watch as well as listen here:

"What can we do when doing the morally “right” thing produces worse outcomes?

And what if some of society’s strongest moral instincts are preventing us from solving problems we all agree are terrible?

Alvin Roth is a Stanford professor and Nobel Prize-winning economist whose work has helped redesign real-world systems, including kidney exchanges and the way doctors are matched with hospitals. His new book, Moral Economics, tackles a harder category of problems: markets and behaviors we find morally objectionable, even when banning them may create consequences we don’t want.

He discusses:

    Why nearly 100,000 Americans can be waiting for a kidney 

    What prohibitions of alcohol and heroin can teach us 

    What happened when Rhode Island accidentally legalized indoor prostitution

    Whether paying kidney donors could save lives without creating an ethically unacceptable market

    Why evidence becomes especially important when reasonable people disagree about morality

    Whether performance-enhancing drugs could eventually become as ordinary as coffee

Some policies sound obviously right when judged by their intentions. But what happens when you judge them by their actual consequences?

Roth pushes into the uncomfortable territory between those two questions: when banning something creates a black market, when changing a rule may save more lives than inventing a new technology, and what we should do when the outcome we believe is morally necessary turns out to be something we cannot actually achieve."

Friday, August 28, 2026

The Gray Area, on Moral Economics and controversial markets

 Here's a podcast recorded some weeks ago that has just  been published. We talk kidneys and other controversial markets covered in Moral Economics.

 


Sunday, August 16, 2026

Moral Economics: read the first 30 pages, open access on Google books

 I know you have been just about to buy my book Moral Economics, ever since it came out in May.  But you don't need to charge blindly ahead, you can gather evidence first (something the book strongly suggests is a good general practice:).  You can read the introduction and part of the first chapter (which happens to be on Sex), for free, on google books: https://www.google.com/books/edition/Moral_Economics/rb2CEQAAQBAJ?hl=en&gbpv=1

 And here is the table of contents (which, despite the alluring blue colors doesn't in fact contain any links:(

 

###########

And here's an Amazon link, where they stoop to actual commerce: Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work  

Saturday, August 15, 2026

Controversial markets in Canada

 I talk with Gemma Boothroyd, about Moral Economics and controversial markets in Canada, including medical aid in dying, about which she has a story of her own.

 CANADALAND #1414 Repugnant Markets: Where Blood is Sold and Kidneys Swapped
“Sometimes the transplants weren't done in a sterile environment. They weren't done in a hospital. They were done in an apartment somewhere. There are some very bad black markets.” - Nobel Laureate economist Alvin Roth 

 Gemma Boothroyd Reporter

"They’re shamed, banned, or driven underground but “repugnant markets” have a way of surviving. Organ sales, MAID, even blood sales fall into the category. Nobel Prize-winning economist Alvin Roth comes to Canadaland to discuss his latest book, Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal about How Markets Work.

 You can listen here. (but you have to listen to some ads too:(

Further Reading:

 

Host: Gemma Boothroyd

 

Wednesday, August 12, 2026

Peter Coy on Moral Economics in The Free Press

 The Nobel Laureate Who’d Buy Your Kidney
What is bad about prostitution? Why is it wrong to eat horses? Al Roth’s latest book asks the most provocative moral questions. He gave The Free Press some of his answers.

By Peter Coy 

"I was a little surprised to find out that Roth has a wide streak of provocation in his personality. It comes across in his new book, Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal about How Markets Work, published in May. In a mild, just-asking-questions tone, Roth digs into one prohibited or controversial activity after another: buying sex, eating horses, selling organs, assisting suicide, carrying a stranger’s baby. He asks why many of these activities are prohibited or restricted even though some people clearly want them. And he thinks about whether it’s possible to design markets for them in a way that preserves people’s freedom to transact while protecting those who don’t want to. 

...

"Roth entertains so many ideas that others strenuously resist that I asked if he calls himself a libertarian. No, he said. “People who call themselves libertarians often don’t like market regulation of any sort,” he said. “But I’m a market designer. I think that good regulations help markets work well.” Cigarettes and alcohol, for example. They can be sold, but not to children. That’s a reasonable balance. 

...

"If you want to design markets that enable beneficial exchanges while protecting the vulnerable, you may have to persuade people that a market in some repugnant good or service is tolerable. Roth seems to have taken on that task in Moral Economics. He never told me what to think. He just asked me what I think, and to think about what I think. It’s an economist’s kind of mischief—relentlessly, cheerfully inquisitive about the rules we’ve decided to live by but have never quite explained to ourselves.
Kidney transactions don’t seem so repugnant to me anymore. Would I sell a kidney to a stranger? Um, maybe, some day. Would I buy a kidney from a stranger if I really needed one? Hell, yeah."

Saturday, August 8, 2026

“ Lets start with the most important question in the field: is it pronounced 'EKonomics' or 'EEKonomics'?

 I was interviewed about Moral Economics by the comedian Paul Ollinger on his podcast Reasonably Happy.

Here's a link to the audio recording, which I can hear quite clearly.

And here's a link to the video, which I can see clearly enough, but can't manage to turn on the audio, but maybe you can. (It's not a stirring video, I'm at home on zoom and he's in a studio...) 

 

He began "Lets start with the most important question in the field: is it pronounced "EKonomics or EEKonomics"? 

And here's his rundown of what's on: 

"This week, I sit down with Dr. Alvin Roth, Nobel Prize-winning economist, Stanford professor, and author of Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work. Al lays out why so-called repugnant markets like kidney sales, prostitution, horse meat aren't moral failures so much as trade-offs we refuse to name, and argues we should judge controversial markets by their real-world consequences instead of instinct alone. We cover why it's easier to buy heroin than hire a hitman, Iran's legal kidney market versus America's black market, the actual winners and losers of rent control in New York, why I can't buy a horse meat hamburger in California, and what a real accounting of scarcity and trade-offs actually looks like.

Timestamps:

* 00:00:00 Trailer

* 00:01:07 Intro

* 00:03:48 What market design actually means

* 00:06:57 Markets are better at producing efficiency than equality

* 00:10:08 What makes a transaction “repugnant”

* 00:11:45 Same-sex marriage as the textbook repugnant transaction

* 00:15:45 Why it’s easy to buy drugs but nearly impossible to hire a hitman

* 00:17:32 Iran’s legal kidney market and America’s black-market problem

* 00:22:10 The case against price-gouging bans, from Sydney to snow shovels

* 00:27:07 The real winners and losers of rent control

* 00:28:12 California’s ban on horse meat, and the loophole New York doesn’t have

* 00:35:59 How a PhD in operations research became a career in game theory

* 00:37:02 The 3 a.m. phone call that announced his Nobel Prize

* 00:40:40 The kidney transplant shortage and what it will take to fix it

* 00:41:51 Outro 

Read on Substack

Tuesday, August 4, 2026

Controversial markets, black markets, and market design (in Brazil)

 Below is a Youtube video of all the talks given at the 4th International Workshop on Game Theory and Economic Applications at the University of São Paulo last Wednesday.

My talk, whose title was "Controversial markets, black markets, and market design"  is introduced at minute 2:24 (and for some of you the link below should start up there). The talk before mine is by Bob Wilson, and the one after by Paul Milgrom, but the video camera was on all the time, so you have to scroll to get to the actual talks.)

 

My talk begins with some general discussion of how market design and engineering economics are related to game theory. Then I introduce kidney exchange as the talk's main example, and discuss some of the accompanying controversies, including those currently being encountered in Brazil.

Sunday, August 2, 2026

The New Bazaar on Moral Economics

 Cardiff Garcia interviewed me about Moral Economics, and we began by talking about medical aid in dying, and moved briskly on to other controversial markets such as pornography and prostitution.

   The New Bazaar
Economist Alvin Roth, winner of the economics Nobel in 2012 for his work on market design, joins Cardiff to discuss his new book, Moral Economics: From Prostitution to Organ Sales: What Controversial Transactions Reveal About How Markets Work.

The book is about morally contested markets: transactions that participants would like to engage in but that others think they shouldn't be allowed to, even when it’s hard to identify measurable harms to those objectors. It's also a great way to understand how markets interact with the law, politics, social norms, income inequality, human psychology, and so much more than just monetary exchange.

In this chat, Alvin and Cardiff discuss:
• Medical aid in dying and the economics of “repugnant” markets
• Sex work, trafficking, and the unintended consequences of criminalization
• Plural marriage and the challenge of designing new legal protections
• Sports gambling and the rise of prediction markets
• Kidney exchanges, the transplantation shortage, and the opposition to cross-border exchanges

Throughout the conversation, they confront the trade-offs involved in both allowing controversial markets and trying to ban them.

Related Links

• Moral Economics: From Prostitution to Organ Sales: What Controversial Transactions Reveal About How Markets Work (https://basic-venture.com/titles/alvi...) 

Wednesday, July 22, 2026

Surrogacy: a political scandal in Germany, and fertility tourism around the world

 Here's a story in the NYT, covering an uproar that's been in the German newspapers for a week or so now.  A leader in the German governing coalition announced on social media that he and his husband had welcomed a new baby into their family, born via surrogacy in the U.S.  But surrogacy in Germany is not legal, so this was a "for me but not for thee" hypocrisy moment there. (In general it's hard to ban effectively something that is legal in other jurisdictions: someone could write a book about that.)

Uproar Over Surrogate Baby Prompts German Official’s Sudden Resignation
Jens Spahn, a top leader of Chancellor Friedrich Merz’s party, resigned his post after announcing that he had a baby by surrogate, which is illegal in Germany. 
  By Jim Tankersley

"Mr. Spahn, 46, the leader of the party in Parliament, is a former federal health minister who has forged deep ties to the Republican Party under President Trump, including attending the 2024 Republican National Convention.

...

"Mr. Spahn stirred national outcry this week when he announced, on social media and in the tabloid paper Bild, that he and his husband, Daniel Funke, had become fathers to a son via a surrogate in the United States.

"Surrogacy is prohibited under German law. Mr. Spahn had defended that ban throughout his career, including as health minister.

"The birth announcement brought immediate cries of hypocrisy from across the political spectrum, including in Mr. Spahn’s own party. Some regional leaders of the Christian Democrats demanded his ouster. News outlets teemed with outrage. 

...

"Mr. Spahn defended himself, essentially, on a technicality: German law does not punish parents who use surrogates abroad. He told a podcast interviewer he had struggled with the decision but chose to prioritize his family." 

########

Here's a related story: German couples in need of surrogacy are not the only ones, and the US is not the only destination.

The Guardian reports:

Rise in overseas surrogates ‘increases risk of stateless babies’
Calls grow for global regulation as rising numbers of westerners use surrogates in countries with different laws
  by Jessica Murray and Rachel Hall

"The rise in the use of surrogates abroad is leaving more babies at risk of becoming stateless, experts have said, amid growing calls for urgent global regulation of the practice.

"The warning follows the suspension of a 15-year effort by The Hague Conference on Private International Law (HCCH) to establish a global surrogacy convention, which was paused due to divisions among member states. 

...

"UK surrogacy agencies argue that an outdated legal framework at home is pushing couples to seek surrogates abroad, where regulations to protect surrogates from exploitation can be less robust or do not exist at all. Anti-surrogacy campaigners say the practice is fundamentally abusive in all cases and are pushing for a global ban.

"Prof Michael Hellner, who chaired the HCCH working group, said hugely differing opinions on the ethics of surrogacy between the member states involved meant the project to create a global framework on legal parentage in surrogacy cases had proved impossible.

...

"Experts said statelessness could happen in cases where a country does not automatically grant nationality to a child born there, and where surrogacy is not legally recognised in either the country of birth or the child’s final destination.

"Hellner said the project had proved difficult when some countries were “violently opposed to anything that could be seen as legitimising surrogacy, which they think is a violation of human rights and dignity”. 

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"Most of these children were born abroad, mostly in the US, Ukraine, Nigeria, Georgia, Colombia and Mexico. British people using surrogates abroad to have babies are forced to apply to the UK family courts for a parental order to become the legal parents of their child and, in some cases, also need to apply for British citizenship for the child."