A Rogue Economist Explores the Hidden Side of EverythingAudiobook CD - 2005
Takes an unconventional look at how the economy really works, from cheating and crime to sports and child-rearing, offering a very different view on what really matters and what really drives the economy. Simultaneous.
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? How much do parents really matter? What kind of impact did Roe v. Wade have on violent crime?
These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He is a much-heralded scholar who studies the riddles of everyday life -- from cheating and crime to sports and child rearing -- and whose conclusions regularly turn the conventional wisdom on its head. Thus the new field of study contained in this book: Freakonomics.
Levitt and co-author Stephen J. Dubner show 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. In Freakonomics, they set out to explore the hidden side of ... well, everything. The inner workings of a crack gang. The truth about real-estate agents. The secrets of the Ku Klux Klan.
What unites all these stories is a belief that the modern world is even more intriguing than we think. All it takes is a new way of looking. Steven Levitt, through devilishly clever and clear-eyed thinking, shows how to see through all the clutter.
Read by Stephen J. Dubner
The author offers his view of how the economy really works, examining issues from cheating and crime to sports and child-rearing, offering a very different view on what drives the economy.
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"This book has been written from a very specific worldview, based on a few fundamental ideas:
- Incentives are the cornerstone of modern life...
- The conventional wisdom is often wrong...
- Dramatic effects often have a distant, even subtle, causes...
- Experts use their informational advantage to serve their own agenda...
- Knowing what to measure and how to measure it makes it complicated world much less so..."
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