Over the weekend, acting on a tip, police found 700 ecstasy pills in Queens. The pills, selling at $30 a pop, were to be sold to clubs in Flushing and Woodhaven. Gothamist noticed that one of the suspects, Luigi Caminiti, lives in Whitestone with his mother and sister. Which reminded us of the NY Times Magazine article this past weekend, about economist Steven Levitt, whose unorthodox approaches to understanding social situations has made him a guru in the field of modern economics. Specifically, it's the mention of his paper with Sudhir Venkatesh, ''An Economic Analysis of a Drug-Selling Gang's Finances,'' (PDF here) which "found that the average street dealer lives with his mother because the take-home pay is, frankly, terrible." And therefore, crime does not pay.
Economics of Ecstasy
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