What is the size of the drug market? How much does it cost to produce one kilogram of cocaine? How profitable is it? The book Narconomics is about these questions.
Book Summary Narconomics
Our knowledge of drug cartels is usually limited to what we have seen and read in the news or in movies, TV series, and books. This means that we have almost always seen cartels, criminal organizations involved in the distribution and trafficking of narcotics as a party to the conflict or, as the US government has been saying for decades, a party to the war. Narconomics looks at drug cartels through an economic mechanism: What is the size of the market and how is it calculated? How much does it cost to produce one kilogram of cocaine? How profitable is it? What are the competitors in the market?
In the thirteenth episode, the first chapter of Biplus Persian podcast, we define the summary of Narconomics book.
Why do we recommend Narconomics?
Because the book, along with interesting and compelling statistics and anecdotes, helps us to see the drug economy from the same angle as we see the economics of other businesses. Perhaps a new perspective will help solve this problem as well. The media is trying to focus more on the clashes and wars within this market and the legislatures, but the main question is, where is the head of this chain? What are the effective processes in the drug market?