Freakonomics : A Rogue Economist

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In what way are schoolteachers and sumo wrestlers similar? At first, this question might be puzzling, but the answer is provided in the book Freakonomics: A Rogue Economist Explores the Hidden Side of Everything. Freakonomics is the result of a partnership between an award winning economist, Steven D. Levitt, and a journalist, Stephen J. Dubner. The duo decided upon making a book after Dubner was given an assignment to profile Levitt. Dubner realized that Levitt took a different approach to economics than other economists and he saw that Levitt had an interesting and effective way to explain statistics. This pushed the two to release the 315 page book to the public in 2005 in New York, New York. Since then, the book has flourished and has been republished numerous times. In Freakonomics, Dubner and Levitt reveal that fundamental ideas of economics can be used to interpret just about everything in modern society. The book focuses on a few key points including; incentives are the driving force behind everything, conventional wisdom is often wrong, small causes can often have dramatic effects, and the advantages of having information. The authors use many interesting stories and statistics to demonstrate these economic themes in the modern world. Stories include how some school teachers in the Chicago school system cheat, the influence that the legalization of abortions had on crime rates, and how real estate agents tend to sell their own homes for higher prices than if they
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