A couple of years ago I read a great book by Steven Levitt and Stephen Dubner, Freakonomics. It was a great book, applying economic principals in day-to-day situations. I heartily recommend it. This posting was inspired by a video of a talk by Steven Levitt on a topic from the book. One of them lived with a crack-dealing gang, and even got them to show him their books. The business turned out to be a lot more like MacDonalds than like the media depictions. Except, of course, for the very high mortality…
Oh, the talk contains quotes from the gang members. It’s definitely R-rated
