Freakonomics

More about the book

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? These unconventional questions reflect the unique approach of Steven D. Levitt, a celebrated economist who examines everyday life’s complexities, from crime to parenting. He begins with vast data and simple, often overlooked queries, leading to surprising insights that challenge conventional wisdom. This exploration, termed "freakonomics," delves into the hidden dynamics of various topics, including the operations of a crack gang, the realities of real-estate agents, and the myths surrounding campaign finance. Levitt and co-author Stephen J. Dubner assert that economics fundamentally studies incentives—how individuals pursue their desires amidst competing needs. Their storytelling reveals that, despite the world’s complexities and deceptions, it is not unknowable. By asking the right questions, we can uncover a more fascinating reality. The book posits that while morality reflects our ideal vision of the world, economics reveals its true workings. Readers will find themselves equipped with intriguing anecdotes and insights, reshaping their understanding of the modern world.