the freakonomics of crack dealing essay

crack boom that led to the rise of crack gangs like the Black Disciples. Let us choose for you! Wall Street firms to McDonalds and everything in between. While administering a survey throughout housing projects in Chicago in 1989, University of Chicago PhD student. The organization of the gang is a lot like any business, particularly McDonalds. Foot soldiers remained foot soldiers because they were hoping to move up, and often when they realized they were not advancing, they quit the dangerous profession.



the freakonomics of crack dealing essay

TED Talk Subtitles and Transcript: Freakonomics author Steven Levitt p resents new data on the finances of drug dealing. Contrary to popular myth, he says. During the crack cocaine boom of the 1990s, the image of the milli onaire. Of Freakonomics: A Rogue Economist Explores the Hidden Side.

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These were the drug dealers who could indeed afford to live large, or - in the case of the board of directors - extremely large. The advent of crack also hit black neighborhoods much harder than white neighborhoods, causing addiction that led to infant mortality, imprisonment, violence, and a widened education gap between black and white schoolchildren. So the answer to the original question - if drug dealers make so much money, why are they still living with their mothers? is that, except for the top cats, they don't make much money. T.'s three officers didn't do much better: about 7 an hour. They have no choice but to live with their mothers. Earning big money.