Violent crime has declined dramatically in New York City since 1990, the year when the Big Apple set a record for the most homicides in its history. A new study shows that the price of hard drugs has also plummeted in the past 20 years, and suggests the two phenomena may be linked.
The price of cocaine fell from $400-$460 per pure gram in the early 1980s to less then $200 by the early 2000s, reports Alexander Hotz at The New York World
. Similarly, heroin prices dropped from $3,000 to $3,600 per pure gram in the 1980s to about $2,000 by the 2000s.
A team of anthropologists and economists at Manhattan’s John Jay College of Criminal Justice at the City University of New York (CUNY) has suggested that the collapse of heroin and cocaine prices might be at least partially responsible for the reversal of crime rates.