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Saturday, April 11, 2009

Freakonomics by Steven D. Levitt and Stephen J. Dubner~★★★

Author: Steven D. Levitt and Stephen J. Dubner
Title: Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
Release Date: April 12th, 2005
Publisher: William Morrow
Genre: Non-fiction

Book Jacket: "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? What kind of impact did Roe v. Wade have on 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 stuff and riddles of everyday life---from cheating and crime to sports and child rearing---and whose conclusions regularly turn the conventional wisdom on its head. He usually begins with a mountain of data and a simple, unasked 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 co-author Stephen J. 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 set out to 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 Ku Klux Klan.
What unites all these stories is a belief that the modern world, despite a surfeit of obfuscation, complication, 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. Steven Levitt, through devilishly clever and clear-eyed thinking, shows how to see through all the clutter.
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 a last a thousand cocktail parties. But Freakonomics can provide more than that. It will literally redefine the way we view the modern world.



Taryn's Review: I liked this book because the authors didn't look at issues the same way that we often have it presented to us through the media. I liked that they look outside the box and studied some issues to see what the numbers might say instead of what the so-called "experts" in the media said.

In the same token, the book didn't blow my mind and not all of it was unique thoughts limited just to the authors. I've considered a few of the topics that the authors highlighted in the same way that they do and I am sure others have. I would also argue that most people who have had some form of higher education have debated some of these topics in their classrooms (I know I have).

There are a lot of statistics in this book, so if you're a fan of numbers, this book is right up your alley. If not, you might find yourself a little bored at points in the book. I know in some sections of the book I was really intrigued, and in other sections, not so much.

I think if you're looking to broaden your thinking abilities this is a good book to pick up. You might not agree with all the authors said, but it was a nice spin on some everyday issues in society.

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