Economics is not widely considered to be one of the sexier sciences. The annual Nobel Prize winner in that field never receives as much publicity as
his or her compatriots in peace, literature, or physics. But if such slights are based on the notion that economics is dull, or that economists are
concerned only with finance itself, Steven D. Levitt will change some minds.
In Freakonomics (written with Stephen J. Dubner), Levitt argues that many apparent mysteries of everyday life don't need to be so mysterious: they
could be illuminated and made even more fascinating by asking the right questions and drawing connections.
For example, Levitt traces the drop in violent crime rates to a drop in violent criminals and, digging further, to the Roe v. Wade decision that
preempted the existence of some people who would be born to poverty and hardship. Elsewhere, by analyzing data gathered from inner-city Chicago
drug-dealing gangs, Levitt outlines a corporate structure much like McDonald's, where the top bosses make great money while scores of underlings make
something below minimum wage.
And in a section that may alarm or relieve worried parents, Levitt argues that parenting methods don't really matter much and that a backyard swimming
pool is much more dangerous than a gun. These enlightening chapters are separated by effusive passages from Dubner's 2003 profile of Levitt in The New
York Times Magazine, which led to the book being written.
In a book filled with bold logic, such back-patting veers Freakonomics, however briefly, away from what Levitt actually has to say. Although maybe
there's a good economic reason for that too, and we're just not getting it yet. --John Moe --This text refers to the Roughcut edition.
|
