Faced with limited choices, prisoners become entrepreneurs to meet their needs
Tuesday, July 7, 2015 - 17:30
in Mathematics & Economics
Inside Gramercy maximum security prison, the market for nearly any kind of good or service is extremely limited, to say the least. But according to a new study, the severely restricted consumption choices faced by the 3,000 or so inmates at Gramercy create opportunities to pursue innovative and entrepreneurial business ventures.