By Steven D. Levitt, Stephen J. Dubner
Which is extra harmful, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in universal? Why do drug buyers nonetheless dwell with their mothers? How a lot do mom and dad actually matter? How did the legalization of abortion impact the speed of violent crime?
These won't sound like common questions for an econo-mist to invite. yet Steven D. Levitt isn't really a regular economist. he's a much-heralded pupil who experiences the riddles of daily life—from dishonest and crime to activities and child-rearing—and whose conclusions flip traditional knowledge on its head.
Freakonomics is a groundbreaking collaboration among Levitt and Stephen J. Dubner, an award-winning writer and journalist. and they commence with a mountain of information and a straightforward query. a few of these questions situation life-and-death concerns; others have an admittedly freakish caliber. therefore the hot box of analysis contained during this e-book: freakonomics.
Through forceful storytelling and wry perception, Levitt and Dubner exhibit that economics is, at root, the examine of incentives—how humans get what they wish, or desire, particularly while other folks wish or desire an identical factor. In Freakonomics, they discover the hidden facet of . . . good, every little thing. the internal workings of a crack gang. the reality approximately real-estate brokers. The myths of crusade finance. The telltale marks of a dishonest schoolteacher. The secrets and techniques of the Klu Klux Klan.
What unites these kinds of tales is a trust that the fashionable international, regardless of loads of complexity and downright deceit, isn't impenetrable, isn't really unknowable, and—if definitely the right questions are asked—is much more exciting than we expect. All it takes is a brand new approach of having a look.
Freakonomics establishes this unconventional premise: If morality represents how we wish the area to paintings, then economics represents the way it really does paintings. it's real that readers of this booklet could be armed with sufficient riddles and tales to final one thousand cocktail events. yet Freakonomics delivers greater than that. it is going to actually redefine the way in which we view the fashionable world.
Bonus fabric additional to the revised and elevated 2006 edition
- The unique New York occasions Magazine article approximately Steven D. Levitt by means of Stephen J. Dubner, which resulted in the production of this book.
- Seven “Freakonomics” columns written for the New York occasions Magazine, released among August 2005 and April 2006.