Economics has never been hotter---thanks in large part to Steven Levitt, Professor of Economics at the University of Chicago. Levitt s view of economics is not what you learned in college. He takes a social/pop-culture look at the world and finds the answers to questions like What is the real reason the country saw a drop in crime in the 1990s? in economic terms the reader may not even realize are economics. Once you read this book you ll never see the world the same way again.
In the summer of 2003, the New York Times Magazine sent Stephen J. Dubner, an author and journalist, to write a profile of Steven D. Levitt, a heralded young economist at the University of Chicago. Levitt was not remotely interested in the things that interest most economists. Instead, he studied the riddles of everyday life from cheating to crime to child-rearing and his conclusions turned the conventional wisdom on its head. For instance, he argued that one of the main causes of the crime drop of the 1990s was the legalization of abortion twenty years earlier. (Unwanted children have a greater likelihood of becoming criminals; with so many unwanted children being aborted in the 1970s, the pool of potential criminals had significantly shrunk by the 1990s.) The Times article yielded an unprecedented response, a deluge of interest from thousands of curious, inspired, and occasionally distraught readers. Levitt and Dubner have collaborated on a book that gives full play to Levitt s most compelling ideas. Through forceful storytelling and pungent insight. FREAKONOMICS will reminds us all 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. Among the questions it answers: Which is more dangerous, a gun or a swimming pool? If drug dealers make so much money, why do they still live with their mothers? What makes a perfect parent? And, of course: What do schoolteachers and sumo wrestlers have in common? (Answer: they both cheat.)
In the summer of 2003, the New York Times Magazine sent Stephen J. Dubner, an author and journalist, to write a profile of Steven D. Levitt, a heralded young economist at the University of Chicago. Levitt was not remotely interested in the things that interest most economists. Instead, he studied the riddles of everyday life from cheating to crime to child-rearing and his conclusions turned the conventional wisdom on its head. For instance, he argued that one of the main causes of the crime drop of the 1990s was the legalization of abortion twenty years earlier. (Unwanted children have a greater likelihood of becoming criminals; with so many unwanted children being aborted in the 1970s, the pool of potential criminals had significantly shrunk by the 1990s.) The Times article yielded an unprecedented response, a deluge of interest from thousands of curious, inspired, and occasionally distraught readers. Levitt and Dubner have collaborated on a book that gives full play to Levitt s most compelling ideas. Through forceful storytelling and pungent insight. FREAKONOMICS will reminds us all 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. Among the questions it answers: Which is more dangerous, a gun or a swimming pool? If drug dealers make so much money, why do they still live with their mothers? What makes a perfect parent? And, of course: What do schoolteachers and sumo wrestlers have in common? (Answer: they both cheat.)
