Freakonomics, a Book Review

If the thought of a book on economics is about asstatistics from all over the country in comparison with
exciting as watching your toenails grow, or you areabortion statistics in the era after the Supreme
under-whelmed with statistics and number crunchingCourt's 1973 Roe v. Wade decision, Freakonomics
theory, then the bestselling book Freakonomics : Aarrives at a startling conclusion. The book submits
Rogue Economist Explores the Hidden Side ofthat the highly publicized drop in America's violent
Everything just might be the book to make youcrime rate since 1990 is due almost entirely to
wake up without that extra cup of Starbucks' best.legalized abortion, rather than better police work,
Actually, Freakonomics is an engaging read because itnew gun laws, or any of a number of other factors
seems to be more about sociology and psychologyput forward by agencies of all stripes eager to take
than boring numerical analysis. With its well-paced andcredit for it. Although the authors concede they have
easy reading style, this book shows how the resulting"managed to offend just about everyone," from
correlation and causality of data impacts our lives andconservatives, (because "abortion could be construed
definitely makes us think differently about facts andas a crime-fighting tool") to liberals, (because "the
figures. The authors, Steven Levitt and Stephenpoor and black women were singled out"), they stick
Dubner, contend, "What this book is about is strippingstrictly to the evidence, admitting that this view
a layer or two from modern life and seeing what is"should not be misinterpreted as either an
happening underneath," exposing why conventionalendorsement of abortion or a call for intervention by
wisdom is so often wrong. In effect, there are realthe state in the fertility decisions of women." The
tangible benefits in thinking laterally. To be sure, theirbook verifies its conclusion by consistently dismantling
seemingly off-the-wall comparisons are definitelyargument after argument for the other touted
attention grabbers. Who would have ever thought tofactors and keeps returning to the cause and effect
make the unlikely comparison of teachers and sumoof evidence at hand. After all, the "truth" as the
wrestlers to show that economics is, in essence, theauthors see it, is not always convenient.
study of incentives. But for those of you who desireThe other topics explored in Freakonomics, while not
a smooth flowing book, with multiple conceptsas controversial, are equally interesting. In fact, some
building to an ultimate conclusion, you might becould be considered amusing. If you are looking to
disappointed. Actually, the book presents six whollyspruce up you intellect for the next cocktail party, or
different topics, with no unifying theme. And whilewiden your eyes to the world around you, then this
Freakonomics does jump seemingly randomly frombook is a necessary read. However, what might be
question to question, there are some lessons to beconsidered a turnoff by some is the annoying
learned. For example, the book demonstrates thatinsertion of quotations from external sources about
the most obvious reason why something happens ishow innovative or creative the authors are as a
not always the real reason. To be sure, sometimesprecursor to every chapter. That being said, it is
the real reason doesn't even make the list ofrefreshing to have an odd economist, or at least an
possibilities. Or, as is often true in the case studieseconomist who ask odd questions to tease out the
given in Freakonomics, the cause turns out not to bemost fascinating facts concerning the mysteries of
the cause at all, but the effect.the world around us.
Perhaps the most hard-hitting and controversial riddleOne word of advice: don't buy this book in
tackled by Freakonomics explores the cause of thepaperback. At the list price of $25.00, it rings up at
dramatic drop in the U.S. crime rate in the chapteronly 95 cents cheaper than the hardback book, which
"Where Have All the Criminals Gone?" The bookis a much more attractive and sturdy volume. Plus,
explains that by the 1990s violent crime had grownbecause the hardback has been available for much
to epic proportions in the United States. Expertslonger, you can actually find the hardback for
everywhere, from law enforcement to governmentsignificantly cheaper (more than $7) if you search a
agencies could only predict that it would get worse.few bookstores.
The American way had somehow produced andAfter almost a year in publication, Freakonomics
coined the term "superpredator." "Death by gunfire",continues to make the bestseller lists, currently
intentional and otherwise, had become commonplace.holding (at the time of writing this review) the much
And then, instead of going up, the crime ratevaunted Amazon #1 seller position. If nothing else,
suddenly started to drop profoundly- by over 40that is an important statistic to keep in mind.
percent in just a few years. By studying crime