Value is a critical concept in economics and philosophy. Economics is a discipline concerned with resource allocation informed by the value placed on alternative uses of those resources. In welfarist economics, value is taken as the strength of preference for a good or service (Brouwer et al., 2008). In that paradigm, strength of preference can… Continue reading The intrinsic and instrumental value of water & sanitation
Category: Benefits
Human capital and WASH – a note
Possible mechanisms by which WASH increases human capital In labour economics, human capital is a worker’s stock of knowledge and skills which contributes to their productivity and earnings. Human capital accumulation is a process of developing skills within and beyond cognitive domains, in which the first 1,000 days of a child’s life are crucial. In… Continue reading Human capital and WASH – a note
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