Books: Freakonomics

Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Steven D. Levitt


My rating: 5 of 5 stars
In Freakonomics, an economist asks questions you might not think to ask, and gets many surprising answers. It is billed as the “hidden side of everything,” and while it doesn’t exactly cover “everything” (a point they will make in the introduction to the sequel) it gets as much of it as it can. Economics, according to the authors, is all about incentives: what people are willing to do to get what they want, whether that means cheating, controlling the flow of information, or breaking the law to make a living.
Sometimes the sheer audacity of the questions is shocking (does giving a child a super-black sounding name give him/her a great disadvantage in life?) Sometimes, just the answers are shocking. (Q: why did the crime rate go down so much in the 1990’s, in spite of all the predictions to the contrary? A: in a word, abortion.) According to the authors, the legalization of abortion did more to affect the crime rate than any policing or law-making or gun owning ever could have. Sound crazy? Just read it!
These are the sort of questions probed and answered, or at least an interesting suggestion is offered. Every question challenges our assumptions (for example: children are 100 times more likely to die in a house with a swimming pool than in a house with a gun) and every question causes the reader to look at interesting correlations (how the KKK and realtors are both affected by the control of information, for one).

At first I thought this would just be a disjointed collection of anecdotes, but in spite of what the authors state in the intro about there being a lack of unifying theme, there does seem to be a contrarian and counter-intuitive theme building throughout the book. Once you get the hang of it, you start to understand how the conclusions will be reached.
This book is so much fun, I burned right through it. I would recommend it to anyone who is not down with the party line and is willing to embrace unconventional thinking.

View all my reviews >>