"Freakonomics"

Paper Summary:

The paper maintains that Levitt is extraordinarily intelligent and also entertaining in his application of his brand of economic theory to everyday problems. The paper explains that the main reason to read this book is to receive a very interesting and entertaining introduction to the field of economics and the scientific process, rather than a revolutionary look into new studies of economics. The paper is of the opinion that "Freakonomics" has made economics a dynamic field and popularized it among the general public.

From the Paper:

"The book begins with a conceptual review of the study of economics as interpreted by Steven D. Levitt. In his first chapter, entitled "What do school teachers and sumo wrestlers have in common", he sets the thematic tone for the rest of the book. This is a book about the exploration and reinterpretation of economics and statistical analysis. Economics is a fundamental study of incentives, in basic fact, what drives individuals to act and behave the way they do. Incentives therefore occur in every field of study and every walk of life. Levitt explains that incentives are a "means of urging people to do more of a good thing or less of a bad thing" (Levitt). Thus the economic incentive to perform actions can be interpreted through several dimensions and perspectives."

More papers on "Freakonomics":

• Analytical Essay # 136172 : "Chapter 3 of "Freakonomics"
• Book Review # 97222 : "Freakonomics"--A Review"
• Book Review # 103875 : "Freakonomics" by Steven Levitt and Stephen Dubner"
• Book Review # 92799 : "Economics in "Freakonomics"

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