Freakonomics Rev Ed: A Rogue Economist Explores the Hidden Side of Everything

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Harper Collins, Feb 17, 2010 - Business & Economics - 336 pages
3544 Reviews

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 econo-mist 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.

Bonus material added to the revised and expanded 2006 edition

  • The original New York Times Magazine article about Steven D. Levitt by Stephen J. Dubner, which led to the creation of this book.
  • Seven “Freakonomics” columns written for the New York Times Magazine, published between August 2005 and April 2006.
  • Selected entries from the Freakonomics blog, posted between April 2005 and May 2006 at http://www.freakonomics.com/blog/.
 

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Review: Freakonomics: A Rogue Economist Explores the Hidden Side of Everything (Freakonomics #1)

User Review  - Sambasivan - Goodreads

Reading this book after a gap of over five years. Amazing clarity and out of the box thinking. The ideas are relevant even today. The book makes you think of newer solutions for analysing human behaviour. Read full review

Review: Freakonomics: A Rogue Economist Explores the Hidden Side of Everything (Freakonomics #1)

User Review  - Artem Fedorov - Goodreads

Maybe, if I read this book earlier it would have made a greater impression on me. But after many articles and longreads about economic relationships and contingencies, statistics, after Taleb's books ... Read full review

All 40 reviews »

Contents

I
1
II
15
IV
51
VI
85
VIII
115
X
147
XII
181
XIV
209
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About the author (2010)

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.

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