Freakonomics, a Book Review

If the thought of a book on economics is about ascrime statistics from all over the country in comparison
exciting as watching your toenails grow, or you arewith abortion 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 that
Rogue Economist Explores the Hidden Side ofthe highly publicized drop in America's violent crime rate
Everything just might be the book to make you wakesince 1990 is due almost entirely to legalized abortion,
up without that extra cup of Starbucks' best. Actually,rather than better police work, new gun laws, or any
Freakonomics is an engaging read because it seemsof a number of other factors put forward by agencies
to be more about sociology and psychology thanof all stripes eager to take credit for it. Although the
boring numerical analysis. With its well-paced and easyauthors concede they have "managed to offend
reading style, this book shows how the resultingjust about everyone," from conservatives,
correlation and causality of data impacts our lives and(because "abortion could be construed as a
definitely makes us think differently about facts andcrime-fighting tool") to liberals, (because "the
figures. The authors, Steven Levitt and Stephenpoor and black women were singled out"), they
Dubner, contend, "What this book is about isstick strictly to the evidence, admitting that this view
stripping a layer or two from modern life and seeing"should not be misinterpreted as either an
what is happening underneath," exposing whyendorsement of abortion or a call for intervention by
conventional wisdom is so often wrong. In effect, therethe state in the fertility decisions of women." The
are real tangible benefits in thinking laterally. To be sure,book verifies its conclusion by consistently dismantling
their seemingly off-the-wall comparisons are definitelyargument after argument for the other touted factors
attention grabbers. Who would have ever thought toand keeps returning to the cause and effect of
make the unlikely comparison of teachers and sumoevidence 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 desire aThe other topics explored in Freakonomics, while not
smooth flowing book, with multiple concepts building toas controversial, are equally interesting. In fact, some
an ultimate conclusion, you might be disappointed.could be considered amusing. If you are looking to
Actually, the book presents six wholly different topics,spruce up you intellect for the next cocktail party, or
with no unifying theme. And while Freakonomics doeswiden your eyes to the world around you, then this
jump seemingly randomly from question to question,book is a necessary read. However, what might be
there are some lessons to be learned. For example,considered a turnoff by some is the annoying insertion
the book demonstrates that the most obvious reasonof quotations from external sources about how
why something happens is not always the real reason.innovative or creative the authors are as a precursor
To be sure, sometimes the real reason doesn't evento every chapter. That being said, it is refreshing to
make the list of possibilities. Or, as is often true in thehave an odd economist, or at least an economist who
case studies given in Freakonomics, the cause turnsask odd questions to tease out the most fascinating
out not to be the cause at all, but the effect.facts concerning the mysteries of the world around us.
Perhaps the most hard-hitting and controversial riddleOne word of advice: don't buy this book in paperback.
tackled by Freakonomics explores the cause of theAt the list price of $25.00, it rings up at only 95 cents
dramatic drop in the U.S. crime rate in the chaptercheaper than the hardback book, which is a much
"Where Have All the Criminals Gone?" Themore attractive and sturdy volume. Plus, because the
book explains that by the 1990s violent crime hadhardback has been available for much longer, you can
grown to epic proportions in the United States. Expertsactually find it for significantly cheaper (more than $7
everywhere, from law enforcement to governmentoff the paperback price) if you search a few
agencies could only predict that it would get worse.bookstores.
The American way had somehow produced andAfter almost a year in publication, Freakonomics
coined the term "superpredator."continues to make the bestseller lists, currently holding
"Death by gunfire", intentional and otherwise,(at the time of writing this review) the much vaunted
had become commonplace. And then, instead of goingAmazon #1 seller position. If nothing else, that is an
up, the crime rate suddenly started to drop profoundly-important statistic to keep in mind.
by over 40 percent in just a few years. By studying