Explore the surprising economics of drug dealing in this eye-opening TED talk by Freakonomics author Steven Levitt. Discover how new data challenges popular myths about the lucrative nature of street-corner crack dealing, revealing that it often pays below minimum wage and comes with life-threatening risks. Gain insights into the unconventional comparisons between drug dealing and working at McDonald's, and understand the economic realities faced by those in the illegal drug trade. Learn how Levitt's innovative approach to data analysis sheds light on hidden aspects of criminal economics and challenges common assumptions about the financial incentives in the drug world.
Overview
Syllabus
The freakonomics of McDonalds vs. drugs | Steven Levitt
Taught by
TED