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About "Freakonomics"
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Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? What kind of impact did Roe v. Wade have on violent crime?
These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He is a much-heralded young scholar who studies the riddles of everyday life-from cheating and crime to sports and child-rearing — and whose conclusions regularly turn the conventional wisdom on its head. He usually begins with a mountain of data and a simple, unasked question. Some of these questions concern life-and-death issues; others have an admittedly freakish quality. Thus the new field of study contained in this book: Freakonomics.
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Through forceful storytelling and wry insight, Levitt and co-author Stephen J. Dubner show that economics is, at root, the study of incentives - how people get what they want, or need, especially when other people want or need the same thing. In Freakonomics, they set out to explore the hidden side of — well, everything. The inner workings of a crack gang. The truth about real-estate agents. The myths of campaign finance. The telltale marks of a cheating schoolteacher. The secrets of the Ku Klux Klan.
What unites all these stories is a belief that the modern world, despite a surfeit of obfuscation, complication, and downright deceit, is not impenetrable, is not unknowable, and - if the right questions are asked - is even more intriguing than we think. All it takes is a new way of looking. Steven Levitt, through devilishly clever and clear-eyed thinking, shows how to see through all the clutter.
Freakonomics establishes this unconventional premise: if morality represents how we would like the world to work, then economics represents how it actually does work. It is true that readers of this book will be armed with enough riddles and stories to last a thousand cocktail parties. But Freakonomics can provide more than that. It will literally redefine the way we view the modern world.
Steven D. Levitt is the Alvin H. Baum Professor in Economics at the University of Chicago, where he is also director of The Becker Center on Chicago Price Theory. In 2004, he was awarded the John Bates Clark Medal, which recognizes the most influential economist in America under the age of 40. More recently, he was named one of Time magazine's "100 People Who Shape Our World." Levitt received his B.A. from Harvard University in 1989, his Ph.D. from M.I.T. in 1994, and has taught at Chicago since 1997.
Stephen J. Dubner is an award-winning author and journalist who lives in New York City.In addition to Freakonomics, he is the author of Choosing My Religion (previously published as Turbulent Souls), Confessions of a Hero-Worshiper, and a forthcoming children's book, The Boy With Two Belly Buttons. His journalism has appeared primarily in the New York Times and The New Yorker, and has been anthologized in The Best American Sportswriting, The Best American Crime Writing, and elsewhere. He has taught English at Columbia University (while receiving an M.F.A. there), played in a rock band (which was signed to Arista Records), and, as a writer, was first published at the age of 11, in Highlights for Children.
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