Freakonomics: A Rogue Economist Explores the Hidden Side of Everything is a book co-written by Steve Levitt and Stephen Dubner. It explores quirks of society and challenge some commonly held ideas about how the world works, providing better explanations.

For example, why do drug dealers most drug dealers live with their mothers? The answer is that they are earning less than they could make at McDonald’s. Drug dealing is a pyramid scheme at the people at the bottom are on less than minimum wage.

The most controversial chapter of the book looks at falling crime rates in New York. This is the shining example of broken window theory, as Malcolm Gladwell discusses in The Tipping Point. Dubner and Levitt show this is nonsense. Other cities in America that did not implement zero-tolerance also experienced this drop in crime. What fits the actual data far better is that it was a result of legalising abortion, which leads to would-be-criminals simply never being born.




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This entry was posted on Tuesday, July 6th, 2010 at 4:04 pm and is filed under Books. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.