The Economics of Sin: Rational Choice Or No Choice at All?This work examines the definition and evolution of sin from the perspective of rational choice economics. The author argues that because engaging in activities deemed to be sinful is an act of choice, it can therefore be subject to the logic of choice in |
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activity adultery advertising agents Akerlof analysis and/or argued argument Becker behaviour belief Buddhist economics capital punishment cent Chapter cheap talk church claim cognitive dissonance consumer consumption context costs crime cultural deadly sins deception demand derived discount rate discussed doctrine drugs economic models economists effect efficiency elements emotions envy and jealousy ethics example exist externalities factors further game theory greed growth human idea illegal income individual involved Islamic economics labour lead lust mainstream marginal utility marriage microeconomic moral moral panic murder nature negative notion one's optimal organized outsourcing paid sex partner person position potential preferences problem prostitution pure rational addiction rational choice model relationship religion religious risk seems seven deadly sins sexual simply sloth social society status supply tastes theory tion trade utility function wage waste welfare economics whilst Wicca women X-inefficiency
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Page 13 - There can never be absolutely clear guidelines about what is good and evil. What is good and evil depends entirely upon the circumstances at the time.