"Get your facts first, and then you can distort them as much as you please." (Mark Twain)
Thursday, February 16, 2006
Here's a sample:
But back to whores: Edlund and Korn admit that spouses and streetwalkers aren't exactly alike. Wives, in truth, are superior to whores in the economist's sense of being a good whose consumption increases as income rises--like fine wine. This may explain why prostitution is less common in wealthier countries. But the implication remains that wives and whores are--if not exactly like Coke and Pepsi--something akin to champagne and beer. The same sort of thing.
As with Becker, a key differentiator in Edlund and Korn's model is reproductive sex. Wives can offer it, whores can not.
Go read the whole article - it's all just as tasteful as the excerpt reproduced here.