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Sunday, July 10, 2016

Freakonomics

What Good reads says: Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? How did the legalization of abortion affect the rate of violent crime?

These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He is a much-heralded scholar who studies the riddles of everyday life—from cheating and crime to sports and child-rearing—and whose conclusions turn conventional wisdom on its head.

Freakonomics is a groundbreaking collaboration between Levitt and Stephen J. Dubner, an award-winning author and journalist. They usually begin with a mountain of data and a simple question. Some of these questions concern life-and-death issues; others have an admittedly freakish quality. Thus the new field of study contained in this book: freakonomics.

Through forceful storytelling and wry insight, Levitt and Dubner 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. In Freakonomics, they explore the hidden side of . . . well, everything. The inner workings of a crack gang. The truth about real-estate agents. The myths of campaign finance. The telltale marks of a cheating schoolteacher. The secrets of the Klu Klux Klan.

What unites all these stories is a belief that the modern world, despite a great deal of complexity and downright deceit, is not impenetrable, is not unknowable, and—if the right questions are asked—is even more intriguing than we think. All it takes is a new way of looking.

Freakonomics establishes this unconventional premise: If morality represents how we would like the world to work, then economics represents how it actually does work. It is true that readers of this book will be armed with enough riddles and stories to last a thousand cocktail parties. But Freakonomics can provide more than that. It will literally redefine the way we view the modern world.
 



I loved this book, but then again I don't 

though I think the title is a bit misleading. It's not really about economics. In fact, he's showing you what interesting things you can discover when you apply statistical analysis to problems where you wouldn't normally think of using it.

Even though i was forced to read this for school, It was ok however I learned so much from it, it truly does explore the hidden side of everything while comparing thing that you would never think could be compared. 
the style and tone of Freakonomics were well written and relaxed, he divided the chapters into four main themes, Incentives, Conventional Wisdom, Cause and Effect, and Information Hording. With each theme Levitt and Dubner compared two things that not many would easily connect. I really enjoyed this book since it was not just a bunch of statistics and facts, but real life, explanations, and connections between very different things Overall I'd give it 4/5 stars for the themes but I wouldn't have read this book if it wasn't for school.


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Sherri! :)