Steven Levitt on crack cocaine and gangsters' lives


Steven Levitt, author of Freakonomics and economics professor at the University of Chicago, discussed his research on crack cocaine and the lives of gang members at TED2004. This is one of the rare academic seminars in which people laugh and actually enjoy the presentation.

Video link
(Via Greg Mankiw's blog, which is an excellent source of daily commentary on current affairs from an economist's perspective.
Prof Mankiw wrote what are probably the most popular economics college textbooks
and was the chairman of George W. Bush's Council of Economic Advisors from 2003 to 2005.)

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