The Economics of Erotic Capital

Overton Cultural Shift of the Day* : An English economist proposes that all young women, and in particular those who are without other benefits—financial, intellectual, situational—should be able to engage in legal prostitution:

Hakim, a senior lecturer at the London School of Economics, is no tub-thumping provocateur, but a well-established sociologist with a string of publications to her name. And Honey Money, despite its somewhat racy title – which comes, apparently, from an expression employed by Jakarta prostitutes: “No money, no honey” – is configured as a serious academic exercise, complete with rather leaden prose, extensive annotation, reams of statistical evidence, appendices and tedious repetitions. Nevertheless, I envisage a blizzard of opprobrium enveloping Hakim, for she has set out here a thesis seemingly purpose-built to inflame the passions of a wide swathe of the opinionated. Taking as her starting point Pierre Bourdieu’s well-established analysis of forms of individual capital – monetary capital itself, human capital (intelligence potentiated by education) and social capital (patronage, nepotism and other network benefits) – Hakim proposes another form: “erotic capital”.

*That’s my new term for a step taken to undermine cultural institutions , in this case:

Step #1: From Unthinkable to Radical — The first step is the easiest—provided the issue can become a fetish or the topic of an academic symposium. Since both the professoriate and the perverts have a fascination with the faux-transgressive (the truly transgressive [i.e., Christianity] tends to terrify them) all you need to do is get the attention of one of these groups. It doesn’t matter which you start with since the politics of the bedroom and the classroom inevitably overlap.