Mine went for a pint of Bacardi Light Rum

Proving once again that liberal arts students know little or nothing about basic laws of supply or demand...

Did you see the story about the girl--the women's studies major--who is auctioning off her virginity to the highest bidder? It's a stupid gag as far as I'm concerned, but there's a perfectly crystallized lesson in economics in what the girl says at the end of this article:
"I think me and the person I do it with will both profit greatly from the deal." She added: "It's shocking that men will pay so much for someone's virginity, which isn't even prized so highly anymore."

So far, the highest bid is $3.7 million. I know there are a lot of women who'd like to think that virginity isn't highly prized anymore... and a lot of men who genuinely don't prize it that highly anymore. But the market is the best indicator: a young-woman's virginity in 2009 (this young woman's) goes for $3,700,000. In certain circles, virginity is prized precisely as high as this bid makes it look -- or else the bid wouldn't have gone that high! Of course, that number could indicate a lack of supply instead of an intense demand. :)

Also, I'm not sure what the hell she's talking about when she says "me and the person I do it with will both profit greatly from the deal..." All he gets is a loss of almost four million bucks and some probably-lousy sex with a girl who couldn't possibly know what she's doing.


Mxrk said...

It's hard to figure out who isn't a loser in this situation, including me for having to know about it.

Hey, I guess now would be a good time to ask: what's a prospectus?

Casey said...

It's a very unspecific 30-page-ish document that will feel to you like the most specific and careful thing you've ever written. It's best to think of it as the introduction chapter to your dissertation... but know in the back of your mind that your committee will NEVER let you get off the hook so easily.

Good luck. You still doing race/humor/minstrelsy, etc?

Mxrk said...

Yeah, my new take is that minstrelsy has nothing to do with blackness, it was all about providing an entertaining, coherent rationale for white privilege. We'll see.