Chapter Summary Of Freakonomics By Levitt

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I will summarize chapter three on “Drug dealers living with their mom.” There are not much differences between a drug dealing gang and capitalism, they both have to be the best and on top of the game to make big money. Freakonomics author Steven D. Levitt explains us how similar drug dealers and company workers are, the way they run the gang is similar to the way a corporate company functions in daily basis. Authors gives us an example of a real life incident about a student name Sudhir Venkatesh who was born in India and raised in the suburbs of upstate New York and southern California. While he was a mathematician major, he was pursuing his PhD in sociology at the University of Chicago. His graduate advisor gave him an assignment to visit …show more content…
Sudhir ended up getting into a building where he was trapped by the gang members. He was then later released after twenty-four hours with lack of evidence. Sudhir then went back again out of curiosity to know about the daily life of ghetto criminals and drug dealing business. He started going there every day asking same questions from the survey, soon he met gang leader J.T. who helped him to get the answers. J.T. understood Sudhir’s curiosity, he himself went to college, and he was majored in business. After college he started working in the marketing department but because he was feeling out of place he quit the job.
After having few arguments with Sudhir he finally agreed to give his unchecked access of gang’s accounts to Sudhir. Sudhir then found a guy in the same area who against all the odds happens to be an economist, so after meeting him Sudhir Venkatesh told author Steven Levitt about the notebook. After research and study of the accounts, he found out how the gang operates. It’s a lot like most American businesses for example McDonalds. He further explains that we would not be able to find any differences between a McDonald organizational chart and the gang member’s accounts
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