Steven Levitt Analyzes Crack Economics by Steven D. Levitt on Free Online Video

In this humorous sketch provided by TED Talks, Steven Levitt analyzes what it takes to make a living selling drugs. Taking America's crack epidemic as a template, Levitt discusses how inner city gangs developed a corporate structure that consolidated power, left little room for promotion, and was incredibly dangerous to boot. In the end Levitt argues that selling drugs on the street is about as lucrative as working at McDonald's, but that this fact hasn't diluted its mystique.

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