Freakanomics Book Critique

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Freakanomics Book Critique What do the Klu Klux Klan, real estate agents, Chicago gangs, and sumo wrestlers all have in common? Surprisingly, economics. Steven D. Levitt, an award-winning University of Chicago economist with an unconventional view of the world, and his co-author Stephen J. Dubner, an intrepid author and reporter, set out to find the bizarre correlations between world events using economics in their 2005 New York Times Bestseller Freakanomics: Exploring the Hidden Side of Everything. Freakanomics is at times controversial and some of the information could be outdated yet it is still highly entertaining and intriguing, based on verified and factual information yet communicated in a fashion that is understandable to even the most math-phobic or economics-impaired individual. Freakanomics is a new kind of microeconomic research coined by Levitt and Dubner and does not have anything to do with stock market predictions or a company’s production of goods. Instead, Freakanomics uses economic principles and research to answer curious questions such as “If drug dealers make so much money, why do they still live with their mothers?” and “What do cheating teachers and sumo wrestlers have in common?” Each chapter endeavors to answer a bizarre question about how the world, and people, really work. Economics is often thought to be a cold and calculating science of graphs and dollar signs. Freakanomics however is a unique blend of economics’ emotionless logic, curiosity,

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