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Steven Levitt Analyzes Crack Economics
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Steven D. Levitt
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TED Talks
Steven Levitt Analyzes Crack Economics
by
Steven D. Levitt
Video
Title Details
Author
Steven D. Levitt
Publisher
TED Talks
Running Time
24 Min.
User Rating
5.0
Stars Based on
4
ratings
LearnOutLoud.com Review
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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