Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
by Steven D. Levitt and Stephen J. Dubner
Synopsis: (from www.bn.com)
Levitt (economics, U. of Chicago) and writing collaborator Dubner (a writer for the New York Times and The New Yorker) dub the material in this work "freakonomics" because Levitt uses analytical tools from economics to address a range of questions that, at first glance, might seem to be far removed from the discipline of the "dismal science." They consider questions such as how to determine if teachers are aiding in students' cheating on standardized tests, the impact of information asymmetry on the operation of the Ku Klux Klan, how the organizational structure of crack gangs resemble other businesses, and the influence of parents on child development.
My take:I'd had this book on my "shelf" for several years and now that the new "SuperFreakonomics" just came out, I thought I'd better get to it. As with Malcolm Gladwell's Outliers, which I'd recently read and reviewed, I question the science employed here, but found the theories and anecdotal evidence interesting, if not compelling.
Apparently, this book stirred up quite a frenzy when it came out because of it's controversial stance that the decline in crime in the 90's is directly correlated to the passage of Roe v. Wade and the legality of abortion. Essentially, the author proposes that the majority of abortions of unwanted pregnancies in the 70's eliminated individuals that would later grow up to commit violent crimes.
The author also prides himself on the fact that the book has no overarching theme other than the fact that he uses raw numbers to prove his theories. It reminded me a lot of the saying: "Lies, damned lies, and statistics". Still, I was entertained throughout the book; not sure I'll pick up the sequel, though.



