Freakonomics

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Freakonomics
Freakonomics
Freakonomics

Hailed as one of the greatest economists in America, Steven Levitt and New York Times Journalist Stephen J.Dubner have written a rather less dismal analysis on economics in the form of the new your times best seller, Freakanomics.

The book is a collection of articles written by Levitt, and co-author Dubner adds an engaging wit and insight that at times might have you falling over your chair with laughter. Levitt seems less concerned about the numbers, and more focused on why people turned out the way they do.

The book touches on interesting and controversial discussions, such as the drop in crime in the 1990’s may be due to impoverished teenagers with single mothers simply not being born as often. He also touches on how a man singlehandedly humiliated the Klu Klux Klan through cunning methods. The book also discusses “The negligible effects of good parenting on education” and “The economics of drug dealing.

The book is certainly an eye-opener, although somewhat uncritical of it’s own thinking. This is an academic book made easy to read, and gives a good insight into the science of social economics, but should be taken as an introduction to further reading rather than as a conclusive argument in and of itself.

Freakonomics Quotes

“Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work.”

― Steven D. Levitt, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

“The conventional wisdom is often wrong.”
― Steven D. Levitt, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

“Information is a beacon, a cudgel, an olive branch, a deterrent–all depending on who wields it and how.”
― Steven D. Levitt, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

“As W.C. Fields once said: a thing worth having is a thing worth cheating for.”
― Steven D. Levitt, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

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