Impact Investing – What’s Behind the Curtain?
Is it possible to put a pricetag on the life of a child? Unfortunately, thanks to many new metrics systems, I think some people are starting to do just that, even if they have the best of intentions. At givewell.org for example, they encourage people to give to charities who can save a life for the least amount possible. They state on their website:
We consider anything under $2,000 per life saved (or equivalent, according to one’s subjective values about how to compare other sorts of impacts to lives saved) to be excellent cost-effectiveness. We consider anything over $20,000 per life saved (or equivalent) to be excessive for the cause of international aid, as it implies more than an order of magnitude higher costs than the strongest programs.