BooksOfTheMoon

Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

By Steven D. Levitt

Rating: 4 stars

This was a very interesting book. Economist Steven Levitt has spent his career applying the tools of economic theory to the Real World and coming up with interesting questions to ask, and even more interesting answers. Some of the questions he asks include: why do drug dealers often live at home with their mothers? What do estate agents and the Ku Klux Klan have in common? And what really caused the downturn in crime in the US in the late ’90s? The last one is perhaps the most controversial of the lot: Levitt suggests that it had more to do with legalised abortion than the ‘zero tolerance’ policing approach of then-New York mayor Rudy Giuliani.

Whilst I may not necessarily agree with all of Levitt’s conclusions, his approach is undoubtedly novel and he certainly provides new perspectives on issues that affect the real world much more than economics is normally perceived to do.

Book details

ISBN: 9780141019017
Publisher: Penguin
Year of publication: 2005

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