Freakonomics

Freakonomics : A Rogue Economist Explores the Hidden Side of Everything

Rating: 3 out of 5

Author: Steven D. Levitt

Year: 2005

Publisher: William Morrow

ISBN: 006073132X


Freakonomics is a good book, but I think its hyped way too much. Its a book about how economics can be used to shed light on common, day to day issues and curiosities. The authors do a really good job of bringing the usually boring and mundane world of academic economics out to the public and help them relate to it.

For instance, the book talks about how the reduced crime rate in the US in the late 90s was probably not a result of better law enforcement, but a consequence of legalized abortion. The important thing to realize, of course, is that all these studies and results rely critically on comprehensive data collection and accurate data analysis. Along the way, the book also brings out some common ways of mis-interpreting statistics.

Personally, I picked up the book simply because it had been on the best seller list for too long and I was just curious to know what it was about. Its a short book, easy read, perfect for a flight.

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