Freakonomics is certainly an interesting idea. An economist applies the principles of his field in order to analyse everyday situations. These situations are not what you would expect an economist to be concerned with, as they don’t specifically relate to money. Economist Levitt and his co-writer Dubner examine various topics such as cheating school teachers and good parenting as the whim takes them.
The problem with this book is that it never really lives up to its promise. This is supposed to be “the hidden side of everything” but all too often this side seems to be all too obvious. Take the chapter “Why do drug dealers still live with their moms?” for example. The preamble to the answer is very interesting. We get to hear about one of Levitt’s colleagues living day to day with crack dealers in Chicago; this is exciting and interesting storytelling. After a thorough analysis of the data, Levitt tells us that the big dealers at the top of the tree don’t pay the dealers on the street very much to peddle the product. Wow, I would never have guessed.
The book is also very repetitive. After reading the introduction, there is a distinct feeling of déjà vu in the first few chapters. My edition has an extra one hundred pages or so tacked onto the end that mostly just reprises the first two hundred pages. This final section of “bonus material” has quite an odd tone. At turns it is almost self apologetic, as if the authors know their book isn’t really that good, and at others self-laudatory. Levitt’s humility also seems a bit disingenuous; are we really to believe that “the most brilliant young economist in America” isn’t any good at maths?
On the plus side the book is very readable and at times entertaining. The authors have a logical view of life that is consistent and convincing. Unfortunately it is far from surprising. A nice distraction but there is certainly nothing very deep here. A good book to pick up in the airport.
A fantastic snap-shot of life two-thousand years ago
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