26/6/ · Freakonomics (), the authors write, "Economics is, at root, the study of incentives: how people get what they want, or need, especially when other people want or need the same thing." In the midst of the global economic recession, an understanding of incentives is critical to how sport marketers sell their product to the public 19/6/ · June 19, by Essay Writer. Freakonomics, Steven Levitt and Stephen Dubner claim, is a newly invented field of study that address the unexpected questions that others fail to explore. As a result, their book discusses and relates a variety of strange yet important topics, such as cheating sumo wrestlers and teachers, the Ku Klux Klan and real Estimated Reading Time: 6 mins 19/6/ · June 19, by Essay Writer Freakonomics, Steven Levitt and Stephen Dubner claim, is a newly invented field of study that address the unexpected questions that others fail to explore. As a result, their book discusses and relates a variety of strange yet important topics, such as cheating sumo wrestlers and teachers, the Ku Klux Klan and real estate agents, and abortion and crime rates
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Through wry insight and furnished story telling, these authors have used this literary piece to show that economics is not what many people think it is, but the study of incentives, for instance, how people get what freakonomics essay need or want when other freakonomics essay need or want the same thing.
Throughout the essays that form this book, the economist and journalist demonstrates how data can divulge fascinating truth about the world and how it operates, rather than applying the fundamental principles of economics as many economic books did. By discussing a myriad of ostensibly unrelated subjects that range from drug dealers to sumo wrestlers to baby names, the authors reveal how this world, despite numerous freakonomics essay, a myriad of obfuscations and downright deceit is not unknowable, and if the right questions are asked is intriguing than many people think.
Using data together with their knowledge on various subjects, freakonomics essay, the authors have brought out four basic ideas: first, they have ascertained that incentives form the foundation of modern life Holt, Second, they have revealed that conventional wisdom may be wrong at times.
Third, they have shown that dramatic events often have subtle or distant causes and lastly, freakonomics essay, they have revealed that many experts use information within their jurisdiction to serve their own interests rather than the interest of the general public. As the authors freakonomics essay, economic, moral and social incentives are aimed at directing individuals into doing good deeds rather than bad deeds.
Furthermore, they hold that most economists tend to manipulate incentives, which results to numerous unintended repercussions. In the second chapter, the reader is introduced to the term information asymmetry. As the two authors describe, this term refers to the instance when a person willfully uses information o his or her advantage, but at the expense of others.
Using the Ku Klux Klan as an example, the authors show how information asymmetry can be harmful to any society and to those who practice it, freakonomics essay. The authors reveal that this outfit had so many secrets in all its operations, freakonomics essay. In the third chapter, the authors enlighten the reader about conventional wisdom. The authors hold that conventional wisdom is simply false because most experts often make lies or skew data to serve their own interests, freakonomics essay.
In the fourth chapter, the Levitt and Dubner introduce the reader to a very intriguing subject of legalizing abortion. Using available data and the case of Roe v. According to them, babies that would have been born in the s would most likely have ended up being criminals since their criminal careers would have peaked in the year Comparing this scenario with what happened in Romania inhe two authors are able to prove that legalizing abortion is strongly related to plunging crime rates in America as compared to the rise of criminal activities in the communist Romania.
In the fifth chapter, Levitt and Dubner claim that research disapproves the belief held by most parents that what they do to their children determines whether they will succeed or fail. This chapter commences with a discourse on the recent surge of experts in parental matters who present conflicting opinions about good parenting, freakonomics essay. This book explains that despite the contradictory opinions of these experts, they all seem to be confident that their assertions are true because none wishes to freakonomics essay their own theories.
In the sixth chapter, freakonomics essay, the authors conduct a comprehensive research on names and, freakonomics essay, specifically, whether the name given to a person has any effect on his or her life. Moreover, they investigate why parents give their children certain names in the first place.
Freakonomics discusses in details, how whites and blacks name their children differently, and whether naming your child a distinctively freakonomics essay or white-surrounding name affects its life outcome. Since freakonomics essay publication inthe book has received immense criticism and support from economists and academicians. In my opinion, this book has its strong side as well as weak side.
On the stronger side, Freakonomics is not freakonomics essay an intellectual romp, freakonomics essay, but also an entertaining literary work, freakonomics essay. From the onset, it is apparent that Levitt and Dubner are very good at asking questions and providing answers to a variety of questions. It can be seen that Levitt is exceptional at using various tools that he has mastered in his long career as an economist to answer some of the questions posed in the novel in interesting ways.
This attribute is what makes Freakonomics worth reading. On the weaker side, there is a big problem with the hype of this book.
Starting with the title, freakonomics essay, the authors use similar tools as many economists use in their work. Their conclusions do not stand out because they are not unique. True to their word, the authors have not provided any unifying theme throughout the chapters of this book.
Any avid reader would tell you that this attribute is not good for acclaimed authors like Levitt and Dubner. Despite the fact that their ideas are fascinatingly phrased, they seem to be intended freakonomics essay a general audience rather than an academic audience.
From this point on, the authors seem more interested in filling the pages rather providing the reader with content. The prose and analyses strip along lightly to a point where the authors discuss American first names. Although the authors make a good case out of this, they only analyze national issues.
A more comprehensive analysis freakonomics essay also compare crime rates in other states and establish causes for any disparities Holt, Note that crime rates in both Chicago and New York should benefit from legalizing abortion. Nevertheless, the two cities employ divergent policing strategies and therefore have different crime rates.
It is apparent that the authors do not explain or address the issues of local differences. Additionally, there is a tendency of offering one right answer to every question instead of providing comprehensive analysis of complex questions, freakonomics essay. The problem here is not related with the analysis of the authors, freakonomics essay, but with the limited nature of their analysis of complex subjects, freakonomics essay.
In conclusion, Freakonomics is an interesting and fascinating book. The essays are a great read despite several problems. Readers of this literary work would freakonomics essay armed with enough stories and riddles that can last many cocktail parties because it redefines the way people live in the modern world. With this book, the authors have given the reader a new way of perceiving the world. At about pages, Freakonomics is a quick read, freakonomics essay.
Despite its weak points, freakonomics essay, Levitt and Dubner have created something that is both educational and entertaining not only for economist, but for every avid reader. The decision as to whether you want to get a copy or not lie on you. The last thing you should do is to rely on my personal criticism or my word for it as the basis acquiring a copy, freakonomics essay. Free Custom «Freakonomics» Essay Paper Home Free Essays Book Review Freakonomics essay. Log in Email.
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2 MINUTE REVIEW #3 ( FREAKONOMICS BY STEPHEN D. LEVITT AND STEPHEN J. DUBNER)
, time: 2:26Freakonomics Essay - Words | Bartleby
Freakonomics Essay Questions 1 How does Freakonomics exemplify the difference between positive and normative analysis? As an economist, Levitt aims 2 What argument does Freakonomics make about human's ability to assess of risk? In Chapter 5, Levitt uses data to prove 3 In what ways is it Estimated Reading Time: 5 mins 12/4/ · Freakonomics Essay Freakonomics Essay. The book Freakonomics by Steven D. Levitt and Stephen J. Dubner, is designed to pose fundamental Thesis Of Freakonomics. AP Macroeconomics Summer Homework Seohee Lee Period 5 I) Introduction Book Title: Freakonomics Freakonomics Essay. Examples Of 19/6/ · June 19, by Essay Writer. Freakonomics, Steven Levitt and Stephen Dubner claim, is a newly invented field of study that address the unexpected questions that others fail to explore. As a result, their book discusses and relates a variety of strange yet important topics, such as cheating sumo wrestlers and teachers, the Ku Klux Klan and real Estimated Reading Time: 6 mins
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