The underground economy | Dr Theodore Koutmeridis | TEDxUniversityofGlasgow

In this talk, Dr Koutmeridis proposes a new link between opportunity and crime. He examines how innovation, labor market conditions and punishment influence illegal activity, and reveals that individuals respond to changes in the potential value of criminal opportunities. This connection between crime and prices appears to be a crucial but overlooked aspect of criminal behavior. Theodore Koutmeridis holds a PhD in Economics from Warwick University where he has been a Royal Economic Society Junior Fellow and an Onassis Scholar, while he is also a member of the Royal Society of Edinburgh's Young Academy of Scotland. His work has been recognized with research, teaching and impact awards, such as the Sir Alec Cairncross Prize and grants by the European Science Days and the ESRC. Dr Koutmeridis is currently a CREATe Research Fellow in Economics at the University of Glasgow and a Visiting Scholar at Columbia University. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx