Argument Analysis Freakonomics - 1467 Words

Freakonomics Argument Analysis: Chapter Three 1. Chapter three, Why Do Drug Dealers Still Live With Their Moms?, expresses an intriguing thought by authors, Steven D. Levitt and Stephen J. Dubner. The Freakonomics authors follow a courageous man, Sudhir Venkatesh, a student at the University of Chicago, in his effort to understand and research the mysterious drug dealing business. Venkatesh first approached dangerous gangs and dealers in Chicago with a simple survey to learn more about them. After stumbling upon a branch of the â€Å"Black Gangster Disciple Nation†, Venkatesh wanted to take his study further. J.T., this specific branches leader, was interested in Venkatesh’s survey and initiated him as a spectator to his group. Venkatesh was integrated with this group for six years an acquired an immense amount of information on drug and gang groups. Thankfully, J.T. kept documents on the group s wages. By looking at these books, Venkatesh was able to identify the hierarchy of a typical drug cartel. Whic h is where the main question of chapter is answered. Only the people on the top of the system made good money, for example, J.T. Contrary to popular belief, lower jobs of this business like foot soldiers make only $3.30 an hour, below minimum wage. Despite the fact that the foot soldiers are the ones who physically put their life on the lines. This style is compared to major corporations such as McDonald s for a more context comparison. However, the people that areShow MoreRelatedFreakonomics and Misconceptions of Economy Essay1244 Words   |  5 PagesA number one bestseller many say is grasping in amazement: Freakonomics is said to unravel the untold stories of life. Steven D. Levitt and Stephen J. Dubner break common misconceptions of economics by revealing its true science. Freakonomics shatters the view of economics being an arid study of finance and markets. They pull in information to make inferences on past occurrences subtly influence on the present. Freakonomics packs pu nches with its countless number of tables and figures, serving asRead MoreChapter 3 : Conventional Wisdom1091 Words   |  5 PagesChapter 3: Conventional Wisdom Freakonomics was one of the best novels that I have ever read! I am truly amazed at how Steven Levitt and Stephen Dubner compared their study and research to the economy that we live in today. Out of all of the chapters in Freakonomics, Chapter 3: Conventional Wisdom, is the one that stood out the most. This particular topic relates to the world in many different ways. Conventional wisdom is often wrong. 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Levitt, Stephen J. Dubner The author Steven Levitt studied economics at Harvard University and MIT. He is primarily known for his work in the field of crime. The title Freakonomics means a study of economics based on the principles of incentives. The title is related to the book since he emphasizes how incentives drive and affect people’s actions. Although this book does not haveRead MoreAbortion Did NOT Reduce the Crime Rate Essay1945 Words   |  8 PagesAbortion has and always will continue to be a very controversial issue. This issue of terminating a life, and the right of an individual in making that decision, was ultimately decided by the Supreme Court. The general argument carried in the Roe v. Wade decision was that attempts by any level of government to restrict access to abortion violated a persons 4th Amendment rights by interfering in the private relationship between a patient and a doctor (Justia.com , 2011). 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Is legislation the problem? Is the industry at fault? For years the music and film industry has taken a â€Å"black and white† stance on piracy. â€Å"While downloading one song may not feel that serious of a crime, the accumulativeRead MoreEssay on Review of Freakonomics1663 Words   |  7 PagesReview of Freakonomics This chapters main idea is that the study of economics is the study of incentives. We find a differentiation between economic incentives, social incentives and moral incentives. Incentives are described in a funny way as means of urging people to do more of a good thing or less of a bad thing, and in this chapter we find some examples Ââ€"public