The Economic and Social Dimensions of Drug Policies

Economic analysis of drugs and society

By [Student’s Name]

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Economics

Levitt and Sudhir conducted a study on economic analysis of finances of the drug-selling gangs (755-89). The study was carried out to analyze the extent to which collective and individual actions of participants in a gang can be characterized reasonably as emanating out of economic maximization. The data was collected from a gang located in the inner city neighborhood in an industrial large American city. The researchers used interview and observation as a method of data collection (757). To protect anonymity of the gangs, the researchers interviewed a gang leader and analyzed unique data set that contained detailed financial information for a four-year period from a defunct gang now. The data was maintained by a group leader to help in tracking financial activities of the gang (para 1).