April 7, 2012

"Freakonomics" by Steven D. Levitt


Economics are an extremely important part of the world as nearly every aspect of daily life hinges on them in one way or another. It can even be said that the world today runs thanks to economics.

However, it seems that economics is considered as being one of the least interesting sciences out there, with many people claiming it to be dull and outright boring. It has even come to point where economists are generally seen as gray and only concerned with numbers and money.

There is a man though by the name of Steven Levitt who begs to differ as he points it out in his book titled Freakonomics. He argues that various questions and mysteries in regards to everyday life can easily be answered if the right connections and logical deductions are made. 
Freakonomics by Steven D. Levitt (Book cover)
He believes that by asking the right questions people can always find an answer to any phenomenon which is happening. For example, Levitt successfully investigated the data available about Chicago inner-city gangs and concluded that they actually run a corporate structure which is very similar to fast-food restaurants where the bosses at the top make the real money while the lowly hirelings make below minimum wage sometimes. Levitt attempts to share his very bold and logical perception of the world.



Steven David Levitt (Author)

Steven David Levitt


Personal site

Steven David Levitt is an American author and economist whose work has always revolved around the criminal, with perhaps one of his more well-known topics being the link between legalized abortion and crime rates.

In 2003 he was awarded the John Bates Clark Medal, and he wrote a number of research papers delving into the darker topics, such as prison population, juvenile criminality, drug gang financing, amongst many others.



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