Micoeconomics Analysis

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“How is a Street Prostitute Like a Department-Store Santa” from Steven D. Levitt and Stephen J. Dubner’s Super Freakonomics reflects the notion that through centuries women have been treated unfairly in life. Many countries continue to treat females with no respect and often cause them to engage in inhumane activities. “Young women in Cameroon have their breasts ‘ironed’-beaten or massaged by wooden pestle or heated coconut shells-to make them less sexually tempting,” (Levitt and Dubner, 2009, p. 20). The chapter goes on to talk about how women in the United States are receiving unfair treatment in a different way. Women in the United States are receiving lower wages than men in almost every sector (both public and private) with the exception of the prostitution business.

The reason that prostitution is becoming so lucrative is due to the fact that prostitution is illegal in most parts of the country and follows the laws of supply and demand. “When you lock up a supplier, a scarcity if created that inevitably drives the price higher, and that entices more suppliers to enter the market,” (Levitt and Dubner, 2009, p. 24). By making prostitution illegal, those engaging in the business of prostitution that remain on the streets are able to obtain generous compensation because sex is a natural want and arguably, a need for humans, with a high demand for it, but a short supply. Because of this, the price of sex increases, thus allowing for those engaging in prostitution to receive a higher amount of financial compensation. Levitt and Dubner also touched based on the subject of oral and anal sex, price discrimination, and how prostitution and premarital sex can be viewed as substitutes to one another, as well as others engaging in the p...

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References

Bandyk, M. (2009, November 16). The SuperFreakonomics of Prostitution: Levitt and Dubner in Trouble Again. U.S. News. Retrieved November 12, 2013, from http://money.usnews.com/money/blogs/capital-commerce/2009/11/16/the-superfreakonomics-of-prostitution-levitt-and-dubner-in-trouble-again-

Donating to Charity Rewards the Brain. (2006, October 12). Altruism: The joy of giving. Retrieved November 12, 2013, from http://www.economist.com/node/8023307

Doyle, S., & Hess, A. (2009, October 23). Sexist Beatdown: Superfreak Edition. Tiger Beatdown. Retrieved November 12, 2013, from http://tigerbeatdown.com/2009/10/23/sexist-beatdown-superfreak-edition/

Levitt, S. D., & Dubner, S. J. (2009). Super freakonomics: global cooling, patriotic prostitutes, and why suicide bombers should buy life insurance. New York, N. Y.: Harperluxe.

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