Freakonomics

by Steven D. Levitt and Stephen J. Dubner · 2005

Economist Steven D. Levitt and journalist Stephen J. Dubner apply the tools of economic analysis to a string of unlikely subjects, from cheating sumo wrestlers and schoolteachers to the hidden economics of crack dealing and the surprising link between legalized abortion and falling crime rates. Rather than advancing one grand theory, the book argues that incentives, properly understood through data, explain human behavior far better than conventional wisdom does. Along the way it dismantles assumptions about parenting, real-estate agents, the Ku Klux Klan, and the power of a first name, making the case that curiosity and rigorous number-crunching can expose the hidden side of everyday life.

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