Levitt and Dubner's "Freakonomics" and Economics Book Review by scribbler

Levitt and Dubner's "Freakonomics" and Economics
Looks at the way that the book "Freakonomics" by Levitt and Dubner makes the study of economics fun.
# 151697 | 1,700 words | 4 sources | MLA | 2012 | US
Published on Aug 29, 2012 in English (Analysis) , Economics (General)

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This paper proclaims that Levitt and Dubner's "Freakonomics" is unlike any other previous book on economics and arguably the best-written introduction to the subject of cause and effect. Using real live examples such as crack dealers, the author relates that all human behavior can be explained by incentives and that cause and effect are at the root of everything people do. The paper concludes that every chapter of Freakonomics is insightful and intriguing, which is rare for a book written by professional economists, thus providing the reader with an unparalleled look at common, every-day topics from the perspective of an economist.

Table of Contents:
Supply and Demand Economics
Cause and Effect
Influencing Outcomes: Incentives

From the Paper:

"The authors use statistical evidence, taken from crime labs and police departments over the course of three decades, and from across the country to prove their point. They argue that statistically, children who are unwanted and who end up growing up in impoverished single-parent households are far more likely to commit violent crime than their two-parent, non-impoverished counterparts. Levitt and Dubner use study after study to prove their point, which is well taken after reading the entire chapter and taking into account the fact that the economists who wrote the book are dedicated to proving their point through economic and statistical analysis, which is something that many authors and arguments lack. There are many factors that serve to reduce the national crime rate, and I believe that Levitt and Dubner are overlooking many other factors that could influence related statistics. One of the issues they overlook is the fact that technologically, there were many advancements that occurred between 1972 and 1992, namely the huge increase in computer and cell phone use. These advances in social technology, when coupled with other changes and advances, could serve to explain at least part of the decrease in violent crime during the 1990s."

Sample of Sources Used:

  • Klein, Lawrence J. The Economics of Supply and Demand. Johns Hopkins University Press: Baltimore, MD. 1983.
  • Kreps, David M. "The Interaction Between Norms and Economic Incentives: Intrinsic Motivation and Extrinsic Incentives". The American Economic Review Vol. 87 No. 2. May, 1997.
  • Levitt, Steven D. and Dubner, Stephen J. Freakonomics William N Morrow Publishing: New York, NY. 2005.
  • Pigou, Arthur Cecil and Aslanbeigui, Nahid. The Economics of Welfare. Transaction Publishers: New Brunswick, NJ. 2009.

Cite this Book Review:

APA Format

Levitt and Dubner's "Freakonomics" and Economics (2012, August 29) Retrieved July 28, 2021, from https://www.academon.com/book-review/levitt-and-dubner-freakonomics-and-economics-151697/

MLA Format

"Levitt and Dubner's "Freakonomics" and Economics" 29 August 2012. Web. 28 July. 2021. <https://www.academon.com/book-review/levitt-and-dubner-freakonomics-and-economics-151697/>