Wednesday, May 26, 2004

i'll go long

The market for martyrs. (pdf file).

Injury-oriented sacrifice can be modeled as a market phenomenon grounded in exchanges between a relatively small supply of people willing to sacrifice themselves and arelatively large number of “demanders” who benefit from the sacrificers’ acts. Contrary to popular perception, it is on account of limited demand rather than limited supply that markets for “martyrs” so rarely flourish.

A little too much effort to squeeze the whole phenomena into the rational choice economics formula, but a useful line of enquiry I think.

via Libertarian Jackass