Thursday, December 11, 2008

Freakonomics - Steven Levitt






Steven Levitt is described as a rogue economist. He's not a traditional economist but he does believe in the basic principles of economics, such as incentives, although he has a completely different way of looking at things.

The book is split up into stand-alone chapters that can be read individually and are very interesting. The author proves, using probability theory and simple logic, that Chicago public teachers cheat, that sumo wrestling is rigged and that drug dealing isn't as lucrative as people think it is. After reading some of the chapters, you feel like you could have come up with these results yourself if you had just looked at the data in a different light.

I definitely recommend this book to anyone. It is all factual and includes very interesting analysis for some of the issues that the country is facing in recent years. The writing itself is relatively loose with a touch of humor that makes this book an easy read. There simply aren't enough chapters in this book.

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