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Cover of Freakonomics by Steven D. Levitt

Freakonomics

  • 320 pages · about 5 hours
  • First published 2005
  • 63 editions

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1 About this book

Freakonomics, published in 2005, is a collaboration between Steven Levitt, an economist at the University of Chicago, and the journalist Stephen J. Dubner. Its premise is that economics is at bottom the study of incentives, and that its tools can answer questions economists do not usually ask. Each chapter takes one: what schoolteachers and sumo wrestlers have in common, how the Ku Klux Klan resembles a group of real-estate agents, why drug dealers still live with their mothers, what lay behind the fall in American crime in the 1990s, and how much parents really matter. The book has no single argument, as the authors say themselves.

  • Economics
  • Sociology
  • Business & economics
  • Social science
  • Psychology
  • Socioeconomic Factors
  • Psychological aspects of Economics
  • Finance

2 What to expect

Popular economics as a set of puzzles: an economist and a journalist use data to ask why teachers cheat, why most drug dealers earn little, and what really cut crime in the 1990s. Each chapter stands alone, there is no overall thesis, and the pleasure is in surprising answers reached through incentives and statistics. It is breezy and quick to read, and several of its claims, the link between abortion and crime above all, have been challenged by other researchers.

Good for readers who want: surprising questions, economics without equations, and quick, self-contained chapters.

3 About Steven D. Levitt

Born 1967

Steven David Levitt (born May 29, 1967) is an American economist and co-author of the best-selling book Freakonomics and its sequels (along with Stephen J. Dubner). Levitt is a professor emeritus at the University of Chicago. Levitt was the winner of the 2003 John Bates Clark Medal for his work in the field of crime. He was co-editor of the Journal of Political Economy published by the University of Chicago Press until December 2007.

Bio adapted from Wikipedia (CC BY-SA 4.0)

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