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Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, by Steven D. Levitt, Stephen J. Dubner
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Which is more dangerous, a gun or a swimming pool?
What do schoolteachers and sumo wrestlers have in common?
How much do parents really matter?
These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He studies the riddles of everyday life—from cheating and crime to parenting and sports—and reaches conclusions that turn conventional wisdom on its head.
Freakonomics is a groundbreaking collaboration between Levitt and Stephen J. Dubner, an award-winning author and journalist. They set out to explore the inner workings of a crack gang, the truth about real estate agents, the secrets of the Ku Klux Klan, and much more.
Through forceful storytelling and wry insight, they show that economics is, at root, the study of incentives—how people get what they want or need, especially when other people want or need the same thing.
- Sales Rank: #1535 in Books
- Brand: PowerbookMedic
- Published on: 2009-08-25
- Released on: 2009-08-25
- Original language: English
- Number of items: 1
- Dimensions: 8.00" h x .79" w x 5.31" l, .60 pounds
- Binding: Paperback
- 315 pages
- Great product!
Review
“If Indiana Jones were an economist, he’d be Steven Levitt… Criticizing Freakonomics would be like criticizing a hot fudge sundae.” (Wall Street Journal)
“Provocative… eye-popping.” (New York Times Book Review: Inside the List)
“The guy is interesting!” (Washington Post Book World)
“The funkiest study of statistical mechanics ever by a world-renowned economist... Eye-opening and sometimes eye-popping” (Entertainment Weekly)
“Steven Levitt has the most interesting mind in America... Prepare to be dazzled.” (Malcolm Gladwell, author of Blink and The Tipping Point)
“Principles of economics are used to examine daily life in this fun read.” (People: Great Reads)
“Levitt dissects complex real-world phenomena, e.g. baby-naming patterns and Sumo wrestling, with an economist’s laser.” (San Diego Union-Tribune)
“Levitt is a number cruncher extraordinaire.” (Philadelphia Daily News)
“Levitt is one of the most notorious economists of our age.” (Financial Times)
“Hard to resist.” (Publishers Weekly (starred review))
“Freakonomics is politically incorrect in the best, most essential way.... This is bracing fun of the highest order.” (Kurt Andersen, host of public radio's Studio 360 and author of Turn of the Century)
“Freakonomics was the ‘It’ book of 2005.” (Fort Worth Star-Telegram)
“An eye-opening, and most interesting, approach to the world.” (Kirkus Reviews)
“An unconventional economist defies conventional wisdom.” (Associated Press)
“A showcase for Levitt’s intriguing explorations into a number of disparate topics…. There’s plenty of fun to be had.” (Salon.com)
“One of the decade’s most intelligent and provocative books.” (The Daily Standard)
“Freakonomics challenges conventional wisdom and makes for fun reading.” (Book Sense Picks and Notables)
“The trivia alone is worth the cover price.” (New York Times Book Review)
“An easy, funny read. Many unsolvable problems the Americans have could be solved with simple means.” (Business World)
“Economics is not widely considered to be one of the sexier sciences.... Steven D. Levitt will change some minds.” (Amazon.com)
From the Back Cover
More Than 4 Million Copies Sold Worldwide
Published in 35 Languages
Which is more dangerous, a gun or a swimming pool?
What do schoolteachers and sumo wrestlers have in common?
How much do parents really matter?
These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He studies the riddles of everyday life—from cheating and crime to parenting and sports—and reaches conclusions that turn conventional wisdom on its head. Freakonomics is a groundbreaking collaboration between Levitt and Stephen J. Dubner, an award-winning author and journalist. They set out to explore the inner workings of a crack gang, the truth about real estate agents, the secrets of the Ku Klux Klan, and much more. Through forceful storytelling and wry insight, they show that economics is, at root, the study of incentives—how people get what they want or need, especially when other people want or need the same thing.
About the Author
Steven D. Levitt, a professor of economics at the University of Chicago, was awarded the John Bates Clark Medal, given to the most influential American economist under forty. He is also a founder of The Greatest Good, which applies Freakonomics-style thinking to business and philanthropy.
Stephen J. Dubner is an award-winning author, journalist, and radio and TV personality. He quit his first career—as an almost rock star—to become a writer. He has since taught English at Columbia, worked for The New York Times, and published three non-Freakonomics books.
Most helpful customer reviews
0 of 0 people found the following review helpful.
Taking a process view
By Arthur Worster
I found this book to be quite interesting not so much for the specific examples where conventional wisdom produced results that are clearly incorrect when viewed from the economics viewpoint of the authors, but from also from the viewpoint of how to take another look at major issues that confront us to discover relationships we did not know were there. The real message of the book, for me, went well beyond just the examples provided. Looking at the examples used in the book, the authors essentially point out that nothing in our world exists completely independent of other factors, processes or connections, many of which have simply been ignored as possibilites. When looked at in a linear fashion one comes to points of view that could only ultimately be correct by accident. Rather it is the ability to look across all of the elements of a process to acknowledge all of the points of influence. The authors point out that at this point one can start to use economic analyses to better understand the whole (and larger) process we are looking at and then employ the tools of economics to expose correlation with other variables not previously considered, and while not necessarily determining causality, the statistical relationship between the parts produces significantly different, and counter-intuitive results. I recommend not only reading the book and the examples provided, but to use it discover how to apply process analysis to gain better understanding of the world around us and debunking much of what passes for conventional wisdom today. All in all an entertaining, challenging and fascinating read.
0 of 0 people found the following review helpful.
Unexpectedly refreshing
By Ev Nucci
I bought this book years ago for one of my sons to help him understand how economics applies to the real world and to disprove some common myths and conventional wisdom.
The author's first chapter asks the question, what do school teachers and sumo wrestlers have in common? The heart of the issue is what motivates us? Money, punishment or recognition? How do we achieve goals? Who will cheat or how high do the stakes have to be for one to cheat? If a teacher's future is on the line, how far will they or anyone go in order to keep their job?
Or think about it this way, remember Enron? How far did greed push people? In the book, the economists use the example of the Chicago Public School system. Excellent example that will remain timeless.
In chapter 2, they ask the question how is the Ku Klux Klan like a group of Real Estate Agents? You can't imagine they are, can you? Other than the Klan's power had grown and derived in large part because it hoarded information. If that information fells into the wrong hands, the group's advantage disappeared. The same can be said of real estate and life insurance agents. Think about the power of their information.
In Chapter 3 they ask, why do drug dealers still at home with Mom? They describe the gang, their perspective, unwritten circuitous rules, revenues, organizational structure, mercenary fighters and overall economics.
In Chapter 4 they ask where have all the criminals gone? They question the correlation of criminals, crime and the economics of unwanted children. In this chapter they evaluate the rise and fall of homicide and the correlation to abortion. The numbers are startling.
A refreshing read that makes one want for more.
0 of 0 people found the following review helpful.
Left me wanting more, so I bought the sequel
By John Broglio
The book is a great read and a useful one. The book vaccinates the reader against spurious "logical" explanations of economic or political phenomenon. Perhaps someday this will be required reading for journalism schools...
Some important topics are analyzed: crime, parenting, heredity, pre- and post-natal environment, cheating in sports and in professions. The authors pose a puzzle and list the solutions that experts have proposed. The reader is engaged to consider what seems reasonable. And then the results culled from the data are presented. The results are always surprising and the science is impressive. I wish these folks were in charge of sanity-checking every politician's or pundit's utterance.
Given the effort of finding suitable data and sifting it, it is not surprising that the authors leave you wanting more. Fortunately there is more: Super-Freakonomics, which I just ordered, along with Kahneman's book on thinking. (Kahneman and Tversky wrote an early classic in this field, showing by experiment that conventional-wisdom and "reasoning" usually arrive at the wrong answer because of biases that helped us survive back when we were prey as well as predators.)
The appendix to my (recent) edition reinforces the integrity of the book by reporting on data falsification by an informant in one of the earlier chapters. Again, I wish that every expert were so transparent.
I found myself reading excerpts to friends. Highly recommended -- especially if you vote (there's a chapter on that, too.)
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