Freakonomics:A Rogue Economist Explores the Hidden Side of Everythingis a non-fiction book that was published in 2005, having beenauthored by a host of authors who entailed Levitt Steven aneconomist, and a journalist Stephen Dubner. In a nutshell, the bookcomprises a host of economic articles by Levitt (he regards himselfas a rogueeconomist)with the main focus of the book focusing on economic being a basis ofstudy of incentives. In other words, the book takes on the principalargument idea that, economics can be regarded as a route or toll tostudy understand the society (Levitt& Dubner, 2014).The book uses a novel approach to focus on economic issues, and inturn becoming and interesting book for people to read.
“Morality,it could be argued, represents the way that people would like theworld to work — whereas economicsrepresents how it actually does work.Economics is above all a science of measurement. It comprises anextraordinarily powerful and flexible set of tools that can reliablyassess a thicket of information to determine the effect of any onefactor, or even the whole effect, p. 11.”(Levitt& Dubner, 2014).
Dividedinto 6 chapters, the book has used real life scenarios and examplesto explain economic concepts. This in turn brings the main theme ofthe book, which is incentives being the keystone of modern life.Chapter one compares cheating as applied to teachers and sumowrestlers likening this example to business vs customers. The secondchapter focuses on information control, likening this to the way realestate agents and the ku Klux Klan was somewhat similar. Chapter fiveaddresses the effects of good parents on education. In simpler words,the books have brought the economic ideas into real life situationsand in turn showing its impact, and application into man’s life(Levitt& Dubner, 2014).In addition, the authors have used statistics in supporting theirargument. Freakonomicsis a brilliant, and an entertaining book.
Abookthat examines the world through the principles of economics, as wellas using statistics in effective linking of correlation andcausation. The book in turn remains a useful reference to economicsstudents, connecting economic aspects to the social life.
Levitt,S. D., & Dubner, S. J. (2014). Freakonomics:A rogue economist explores the hidden side of everything.New York: Morrow.