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.