Sunday, November 9, 2014

Book Review: Freakonomics


Author: Steven D. Levitt and Stephen J. Dubner
Title of the Book: "Freakonomics" 
Year of Publication: 2006  
Place of Publication: New York 
Publisher: Harpertorch  
Number of Pages: 284  
Price: PhP 349.00  
ISBN: 978-0-06-124270-0 

Freakonomics is a book almost about anything. The book presents insights on how the tools of economics can be used to understand certain phenomena or human behavior.
The book dwells on asking questions, probably questions which will qualify for Harvard's Ig Nobel Prize, but one realizes its significance in understanding the dynamics of this world.
Among the questions asked were:
  • What do school teachers and summo wrestlers have in common?
  • How is the Ku Klux Klan like a group of real estate agents?
  • Where have all the criminals gone?
  • What makes a perfect parent?
  • Would a Roshanda by any other name smell as sweet?

All these were answered in a scientific way, though some findings seem controversial especially Levitt's assertion that the decrease in the number of criminals is due to abortion. 
The book as a whole is enlightening on our nature as human beings and how we change our behavior when incentives are at stake.
The author is such a brilliant guy, who dared to ask and have gotten the answers!

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