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Economic researchers at Yale managed to successfully train Capuchin monkeys to understand and use currency. The result? The monkeys used their newfound currency to buy sex:

Perhaps the most distinguishing characteristic of money, after all, is its fungibility, the fact that it can be used to buy not just food but anything. During the chaos in the monkey cage, Chen saw something out of the corner of his eye that he would later try to play down but in his heart of hearts he knew to be true. What he witnessed was probably the first observed exchange of money for sex in the history of monkeykind. (Further proof that the monkeys truly understood money: the monkey who was paid for sex immediately traded the token in for a grape.)

I’ll depend on crowdsourcing for the snarky comments here. I’d urge you to read the whole thing. To me what was fascinating is that once they learned the concept of money, the Capuchins pretty much behaved like people. As the article concludes:

But these facts remain: When taught to use money, a group of capuchin monkeys responded quite rationally to simple incentives; responded irrationally to risky gambles; failed to save; stole when they could; used money for food and, on occasion, sex. In other words, they behaved a good bit like the creature that most of Chen’s more traditional colleagues study: Homo sapiens.

(link via Wired Science)

UPDATE (James Joyner):  In looking for an illustration for this story (tip:  Don’t Google “monkey sex” photos at work…) I came across stories about how shrewd monkeys are at business and their strong sense of fair play. Make of that what you will.

About the Author: Alex has a B.S. in Biochemistry from Worcester Polytechnic Institute and a J.D. from the University of Kansas School of Law. He has been published in the Kansas City Star, TCS Daily, and Comic Book Resources. He joined the staff of OTB in June 2006. Additionally, he’s been writing at Heretical Ideas since October, 2001, and also reviews cigars at Cigar Jack's Cigar News and Reviews.
 
 
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Comments
 

I know that Socrates was forced to drink hemlock for corrupting youth. What's the proper penalty for economists corrupting capuchin monkeys?

Posted by Dave Schuler | July 10, 2008 | 02:11 pm | Permalink
 

I know that Socrates was forced to drink hemlock for corrupting youth. What's the proper penalty for economists corrupting capuchin monkeys?

Forcing them to remain economists?

Posted by Michael | July 10, 2008 | 02:28 pm | Permalink
 

And what happened when a monkey offered money in exchange for sex but was refused? Was any monkey spanked as a result?

Sorry, I couldn't resist.

Posted by Patrick T. McGuire | July 10, 2008 | 02:59 pm | Permalink
 

God knows what conclusions would have been drawn had the monkeys be Bonobos.

Posted by sam | July 10, 2008 | 03:19 pm | Permalink
 

Well prostitution is called the oldest profession-looks like the monkeys just proved it.

Posted by just me | July 10, 2008 | 03:40 pm | Permalink
 

Friedman was right, the FREE MARKET WORKS!

Posted by Derrick | July 10, 2008 | 03:40 pm | Permalink
 

I for one welcome our new lusty simian overlords and would like to remind them, that although a physicist, I was never involved in shooting their ancestors into space.

If they manage to teach the monkey's to buy viagra and diet pills madison avenue won't need us at all.

Posted by Tlaloc | July 10, 2008 | 04:21 pm | Permalink
 

In looking for an illustration for this story (tip: Don’t Google “monkey sex” photos at work…) I came across stories about how shrewd monkeys are at business and their strong sense of fair play. Make of that what you will.

Sure they're all decent folks til we introduce them to money. Then it's all fornication and gluttony.

Posted by Tlaloc | July 10, 2008 | 04:38 pm | Permalink
 

I'm sure Chaucer was observing monkey-business when he coined the phrase," Radix malorum est Cupiditas."

Posted by Brian | July 11, 2008 | 12:12 am | Permalink
 

Economic researchers at Yale managed to successfully train Capuchin monkeys to understand and use currency. The result? The monkeys used their newfound currency to buy sex:

Personally, I'm waiting for the Animal rights crowd to start in on the loan industry claiming these monkeys were sucked in by misleading rates attached to ARMs.

Posted by Bithead | July 11, 2008 | 10:34 am | Permalink
 

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