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The Economics Of Prostitution
Michael Noer, 02.14.06, 12:00 PM ET
Wife or whore?
The choice is that simple. At least according to economists Lena
Edlund and Evelyn Korn, it is.
The two well-respected economists created a minor stir in academic
circles a few years back when they published "A Theory of
Prostitution" in the Journal of Political Economy. The paper was
remarkable not only for being accepted by a major journal but also
because it considered wives and whores as economic "goods" that can be
substituted for each other. Men buy, women sell.
