Freakonomics chapter 3 why do drug dealers still live with their moms

Within a year more than a thousand press stories had been released about the drug. In the early s, the majority of cocaine being shipped to the United States was landing in Miamiand originated in the Bahamas and Dominican Republic. It was cheap, simple to produce, ready to use, and highly profitable for dealers to develop. Incocaine -related hospital emergencies rose by 12 percent, from 23, to 26,

Freakonomics chapter 3 why do drug dealers still live with their moms

Conventional wisdom is an idea or explanation that is excepted by the public regardless of the truth in the statement.

Freakonomics chapter 3 why do drug dealers still live with their moms

When there is a chance no one will question conventional wisdom it due to the nature of a topic, why not? However, when someone exaggerates their arguments and are confronted with facts it creates a problem.

The topic that a person lied about is not bad i. The advertsing completely sold the product showing a couple not so happy because of one of them had bad breath.

Explain how the incentives of police departments and the public media gave rise to explanations of the rising crime rate in the s that were totally wrong. In run for the Olympics, the Atlanta Police Department would throw away nearly police reports to lower crime rate.

Describe, in general terms, the organizational structure of the Black Disciples street gang. How is it similar to the organizational structure of most business?

The Black Disciples were set up like almost any business. This business model although not completely the same is very simlar to how many legal legit businesses run. Explain how four years of financial records of the Black Disciples street gang found their way into the hands of a University of Chicago graduate student.

How any gang would survive, out of violence and takeoff of rival gangs. He knew what he was doing in the managing and organizing his portion of the crack cocaine business. What are monthly costs incurred by J.

Which costs would be considered fixed costs? Which would be considered variable costs? The money that J. Variable Costs Weapons the gang would have deals with local businesses for services Mercenary fighters hired short-term to fight turf wars Fixed Costs Money needing to be payed to the board of directors Dues Extortionary taxes 9.

Why would a street-level drug dealer be willing to accept low pay and poor working conditions?

Crack epidemic - Wikipedia

Young aspiring workers in to start out at the bottom to get to the more glamous high-paying jobs for little pay and great devotion. A drug dealer has the same outlook. He wants to be one the top bosses but he has to be a "foot soldier," first. That incentive would drive anyone to do a job for low pay.

In Hollywood, becoming a movie star or singer is almost a dream that will never come true. Taking extra jobs or even finding a job is where you have to start. Are they both attempting to maximize the profits of the gang? Why or why not? With the leader pocketing a lot of the profit and the salesman just trying to get by on any money he can get.

However, the leader is also systematically distrubutes the money for the better of the gang keeping it in business and growing.

How did the invention of crack cocaine transform the urban street gang? Urban street gangs before crack cocaine were more on creating mayhem and not money.

But as street gangs were introduced to the new booming business of crack they started to make more and more money. According to the data cited in this chapter, civil rights laws and a shift in the attitudes in the United States regarding race helped to improve the status of black society.

How did crack cocaine alter that progress? The addiction to crack and the high that it gave was only temporary and and user would come back for more.

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That and the fact that the invention of crack was so cheap it could easily be sold in poorer neighborhoods by urban gangs. Based on the examples in this chapter, what does the invention of better and cheaper production methods do to the price and sales of a good or service?

In the example of cocaine it was something only rich people could afford but after the invention of crack it was much cheaper and more people could afford to buy it.Find a summary of this and each chapter of Freakonomics!

Freakonomics chapter 3 why do drug dealers still live with their moms

Chapter Summary for Steven D. Levitt & Stephen J. Dubner's Freakonomics, chapter 3 summary. Find a summary of this and each chapter of Freakonomics! Chapter 3: Why Do Drug Dealers Still Live with Their Moms? | Summary Share. Share. Home invasion robbery and confronting a burglar.

Effortless Combat Throws Tim Cartmell (MA, SD, law enforcement) You don' see de eyes o' da demon. This chapter asks the question, "Why do drug dealers still live with their moms?" It begins by explaining the phrase "conventional wisdom," which economist John Kenneth Galbraith describes as information that reinforces a person's own interests and well-being.

This means that, while conventional. Freakonomics Rev Ed: A Rogue Economist Explores the Hidden Side of Everything [Steven D. Levitt, Stephen J Dubner] on initiativeblog.com *FREE* shipping on qualifying offers. Which is more dangerous, a gun or a swimming pool?

What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? 🔥Citing and more! Add citations directly into your paper, Check for unintentional plagiarism and check for writing mistakes.

The American crack epidemic was a surge of crack cocaine use in major cities across the United States between the early s and the early s.

This resulted in a number of social consequences, such as increasing crime and violence in American inner city neighborhoods, as well as a resulting backlash in the form of tough on crime policies.

Freakonomics: Chapter 3 “Drug Dealers Living with their Moms” | melanierader