Freakonomics: FREE book Summary

Freakonomics cover

Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Steven D. Levitt and Stephen J. Dubner

Is a gun more dangerous than a swimming pool? How much of an impact do parents really have on a child’s life? Did the legalization of abortion lead to a sharp decrease in crime?

These aren’t typical questions about economics, but then Steven Levitt isn’t your typical economist. Together with award-winning writer and journalist Stephen Dubner, Levitt wrote Freakonomics as a way to explore the hidden side of everything from gangs and real-estate agents to cheating and the Ku Klux Klan.


Want to get the full book in Kindle version? Get it from here:
AmazonFreakonomics by Steven Levitt and Stephen Dubner from Audible


This is not a book about economics. Rather, it’s a book that applies economic theories to other subjects. And the conclusions Levitt and Dubner come to may surprise you. Freakonomics, in its own words, turns “conventional wisdom on its head”.


INCENTIVES / FREAKONOMICS

“Information is a beacon, a cudgel, an olive branch, a deterrent—all depending on who wields it and how.”


Levitt and Dubner argue that morality represents the way we would like the world to work, and economics shows how it actually works. They explore subjects that may, at times, seem strange (it’s not called Freakonomics for nothing) to redefine the way we look at our world.

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From a chapter on why the socioeconomic and racial status of parents affects how they name their children, to why parenting skills are overrated or why drug dealers have a tendency to live with their mothers, it’s a fun and interesting – and sometimes controversial – read.

At its heart Freakonomics is a study of incentives – how people get what they want (or need) even when others want the same thing. And what Levitt and Dubner show above all is the importance of asking creative questions. It’s what made Freakonomics an instant bestseller, and why the sometimes-controversial conclusions its authors draw are still debated today.

Check out our favorite nuggets from Freakonomics below!


Want to get the full book in Kindle version? Get it from here:
AmazonFreakonomics by Steven Levitt and Stephen Dubner from Audible


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