Freakonomics

by Steven Levitt
Category: "Reference/Miscellaneous"
Pages:242
Year of Publication:2005
Date Added:10/06/2006
Date Read:01/13/2007
Notes:Subtitle: A Rogue Economist Explores the Hidden Side of Everything

From amazon.com

Economics is not widely considered to be one of the sexier sciences. The annual Nobel Prize winner in that field never receives as much publicity as his or her compatriots in peace, literature, or physics. But if such slights are based on the notion that economics is dull, or that economists are concerned only with finance itself, Steven D. Levitt will change some minds. In Freakonomics (written with Stephen J. Dubner), Levitt argues that many apparent mysteries of everyday life don't need to be so mysterious: they could be illuminated and made even more fascinating by asking the right questions and drawing connections. For example, Levitt traces the drop in violent crime rates to a drop in violent criminals and, digging further, to the Roe v. Wade decision that preempted the existence of some people who would be born to poverty and hardship. Elsewhere, by analyzing data gathered from inner-city Chicago drug-dealing gangs, Levitt outlines a corporate structure much like McDonald's, where the top bosses make great money while scores of underlings make something below minimum wage. And in a section that may alarm or relieve worried parents, Levitt argues that parenting methods don't really matter much and that a backyard swimming pool is much more dangerous than a gun. These enlightening chapters are separated by effusive passages from Dubner's 2003 profile of Levitt in The New York Times Magazine, which led to the book being written. In a book filled with bold logic, such back-patting veers Freakonomics, however briefly, away from what Levitt actually has to say. Although maybe there's a good economic reason for that too, and we're just not getting it yet.
My Rating: 6

Reviews for Freakonomics

Review - Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

I didn't expect to like this book all that much. And I didn't like it all that much, but not for the reasons I expected not to like it. I just didn't think it had all that much to say. Maybe it's because I'm a skeptic by nature. Before I read it, if you had asked me if I thought real-estate agents managed to get better deals when selling their own houses than they get for customers, I would have said "of course." If you asked me whether I thought public school teachers fudged test results to make themselves look like better teachers, I would have said "of course." And while I never made the connection myself, when I first heard a couple years ago that Levitt had found a correlation between legalized abortion and decreasing crime rates, I immediately thought "of course."

The part of the book I did find interesting was the section on parenting. Levitt claims that the primary factor influencing school grades is I.Q., which is hereditary and doesn't have a lot to do with upbringing. On the other hand, he says, upbringing does influence decisions made later in life. I have often jokingly questioned if that verse that says Train up a child in the way he should go: and when he is old, he will not depart from it (Proverbs 22:6) should be read literally. It isn't when a child is a child or a teen or even a young adult that he goes the way he should, but when he is older and gets through the stupid years.

I did find the book thought-provoking in some areas, but drawn-out and redundant in others. I rated it a 6.

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