Word: levitts
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...demand curve. Imagine all the tax money that would be saved with all the newly found time on the hands of the Harvard University Police Department—free to double its force for the next Lamont party.There is only one problem. As Freakonomist, University of Chicago professor Stephen Levitt has pointed out, your average street hustler earns less than the minimum wage. Employees who serve the Harvard community should be doing better than that. If we legalize drugs, drug dealers will have to be paid a minimum wage, if not the living wage. This, however, may put some drug...
...Steven Levitt and Stephen Dubner
...Palm Springs has become a rat race," contends Jeannine Levitt, a local hostess whose late husband became rich building rows of development houses a continent away in Long Island's Levit-town. "The party competition is crazy. We're becoming worse than Miami." The point of the new frenzy of socializing, complains Levitt, is "to see and be seen...
...these topics seem far from the realm of economics, well, they’re not. As Summers explained to me, anything which “involves the choice or allocation of resources or incentives” can be defined as economics. Summers also called his fellow Clark medal laureate Levitt “superb”—in case you’re wondering what the University president is reading...
He’s not the only one. “Freakonomics” has catapulted to number two on the New York Times bestseller list. Levitt joins a rising tide of economists—from Columbia’s Jeffrey D. Sachs ’75 to MIT’s Paul Krugman—who are making their “dismal science” accessible to psych concentrators and pre-meds like...