The Distinguished Gentleman's Freakonomics

When I first looked into finding this book I didn’t think much of it as I just thought it was just another type of text book or some sort. I was thinking that this would be some kind of auto biography or something I would not be interested in. In fact after reading this book I was stunned by the different views and aspects of economics that was explain and I would had never thought about them in that sort of way. This book covers a lot about we discussed in class. This book explains different examples of economic concepts that may be used in our daily lives. They

In chapter one of Freakonomics, Stephen Dubner and Steven Levitt describe how when incentives are strong enough, many usually honest people from different walks of life will cheat in order to gain financially or climb the ladder in their careers. The authors define an incentive as “a means of urging people to do more of a good thing or less of a bad thing.” This chapter covers three varieties of incentives: Economic, Social and Moral. Economic incentives motivate people with the promise of money or goods. Social incentives motivate people to respond in a certain way because they care about how they will be viewed by others. Moral incentives motivate people on the basis of right and wrong. We look at four

“Mind Over Money” Is a documentary discussing the impact of emotions on financial decisions. Behavioral economists believe that when the person have to make a discussion, human mind often behave irrationally. However, when it comes to money people are highly rational. Gary Becker has a theory which considered under the social science. Economics as a theory of rational behavior individual level and that’s the theory economists rely on. Wealth of nation is a name of the book written by Adam Smith who defined are filled with some sense and come across some of the basic insight that people working in their self-interests and that could coordinate in the market and produce good outcomes. In 2008, there were unexplained crash stock drops over 40%.

The author Steven Levitt studied economics at Harvard University and MIT. He is primarily known for his work in the field of crime. The title Freakonomics means a study of economics based on the principles of incentives. The title is related to the book since he emphasizes how incentives drive and affect people’s actions. Although this book does not have a single theme, the main focus of the book is a new way of interpreting the world using economic tools. He explores incentives, information asymmetry, conventional wisdom, crime and abortion, and parenting throughout the six chapters of the book.

This movie Directed by Paul Haggis who also directed Academy Award Winning "Million Dollar Baby" and had also won an Academy Award for this movie as well puts a twisted story in this film. This movie is trying to symbolize what goes on in the world today in regards to racism and stereotypes. He tries to make a point on how societies view themselves and others in the world based on there ethnicities. This movie intertwines several different people's lives, all different races, with different types of beliefs. Such ethnicities include Caucasians, African Americans, Hispanics, Asians and Middle Eastern. This movie includes conflicts on both sides of the picture from cops and criminals as well

In chapter 2 of Freakonomics the main argument is that the absence of information can be used for personal gain. The main example used to display this tactic is when the KKK is compared to real estate agents. Although the crafty practice of real estate agents is in no way similar to the horrors of the KKK, they have a distinct similarity when it comes to the hoarding of information. The majority of the chapter focuses on the history of the KKK and Stetson Kennedy’s effort to stop it through the infiltration and exposure via radio of the Klan. Since the Klan was dependant on their violent—despite not being extremely violent—reputation, the disclosure of the information they had withheld from the public rendered them powerless. The narrators

The film portrays the government in a very negative light and shows how the senators have no real influence on lawmaking. Mr. Smith’s struggles as a senator gave the impression that the government functions completely on bribery, blackmail, and lies. The film gives a very strong message about the lack of democracy in American government and politics, along with the ignorance of the American people. Mr. Smith portrays the average American citizen: he is naïve, has faith in the democracy, and is ignorant

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

For this review I read Freakonomics written by Steven Levitt and Stephen Dubner. This book was published by William Morrow an Imprint of HarperCollins and is copyrighted 2005. Freakonomics is a unique book where there is no central story. It is not a story where it goes from point a to point b and follows a traditional storyline. This book is broken up into a collection of mini stories where the authors try explore issues and approach them from a non-conventional way of thinking. Some of these issues in the book include comparing Ku Klux Klan members to real estate agents, why drug dealers live with their moms, and linking abortion to criminal rates. The book addresses the issues at hand and uses data they have accrued and in their

READ: Naked Economics: Undressing the Dismal Science, Charles Wheeland, W.W. Norton, 2003. Completely- cover to cover.

“Mr. Smith Goes to Washington” is about Jefferson Smith who is a boy ranger and new senate member due to the old senator dieing, when Mr.Smith gets to dc he meets his assistant Clerissa Sanders and his father's friend senior Macpherson, a respected senator among the senate. When Smith first gets in into office he is interviewed by a bunch of news reporters, and when they interview him they make him look stupid and like a joke for everybody to see, when Smith sees what they did he punches everybody who's reading a newspaper and goes to the press headquarters where he tells the press that they should tell everybody the truth and, they tell him that his fit to be a senator because he's too unexpected in government and should not be fit tp senator, Mr.Smith actually takes their word for and starts to put a bill together.

Freakonomics was one of the best novels that I have ever read! I am truly amazed at how Steven Levitt and Stephen Dubner compared their study and research to the economy that we live in today. Out of all of the chapters in Freakonomics, Chapter 3: Conventional Wisdom, is the one that stood out the most. This particular topic relates to the world in many different ways.

In chapter 1, Levitt and Dubner describe how many people in different cultures and walks of life, which are otherwise inclined to be honest, find subtle ways of cheating to advance their position or increase monetary awards when incentives are strong enough. The authors define an incentive as “a means of urging people to do more of a good thing or less of a bad thing,” and identify three varieties of incentives. Economic incentives are those, which a person responds to in the marketplace. Social incentives motivate people to respond in a certain way because they care or are worried about how they will be viewed by others. Moral incentives appeal to a person’s sense of right versus wrong. Three case studies of the

In Justin Martin's book Greenspan: The Man Behind Money, the life of Dr. Alan Greenspan, a man whose expertise in economics has dramatically influenced the state of the U.S. economy, is told from a historical perspective and in a semi-chronological order.

In conclusion, the film mostly contains political economic and macroeconomic topics. The film show to us how a head of government solve economic problems and the consequences of every action that has been taken. Last but not least, I really recommended this film to understand more about the leadership and the approached used by Margaret Thatcher to fight