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Economics of Vice | Arbitrage Magazine Summer 2011

August 20, 2011 8:00 am

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Pride, greed, lust, wrath, gluttony, envy, and sloth—since ancient times, these seven deadly sins were seen as the quickest path to damnation and an eternity of torment in hell. Sins formed a moral boundary that people feared not cross, if they wished to live a virtuous life.

However, if you take a look around you, you will see that society has not only crossed these boundaries, but decidedly built the deadly sins into the fundamental mechanics of our world. From the multi-billion dollar adult entertainment industry to the greed inherent in corporate overcompensation, the following pieces explore each of the seven deadly sins and how they have become incorporated into our economy.

Where are these “sin industries” going? How will this impact the future of our economy and world as we know it? Read on and you may be surprised by the economics of vice.

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