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30th June 2008
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Steven Levitt Analyses Crack Economics
Steven Levitt is an economist who wrote a brilliant book called Freakonomics that examines a number of things in day-to-day life from an economic point of view, and turning conventional wisdom on its head. I recommend this book to everyone. My favourite chapter in this book is called If selling crack is so lucrative, why do dealers live with their mothers?, and here is his presentation of the same material to the TED conference in 2004.
http://www.ted.com/index.php/talks/s...economics.html Dave
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"Anyway, no drug, not even alcohol, causes the fundamental ills of society. If we're looking for the source of our troubles, we shouldn't test people for drugs, we should test them for stupidity, ignorance, greed and love of power." P.J. O'Rourke
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| crack, drug dealers, economics, stephen levitt |
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