Title: Freakonomics: A Rogue Economist Explores the Hidden Side of Everything Author: Steven D. Levitt and Stephen J. Dubner Publisher: William Morrow Pages: 242 Price: $8.00
Freakonomics has proved to be the most unconventional stance on social issues. Levitt and Dubner have lifted economics above mere formulas and numbers and treated it as the study of incentives which is at the base of every human action and reaction. The authors have tried to establish that economics tells the actual working of human life on the basis of incentives. This has been done by answering questions like whether reading to young children regularly will have any effect on their academic capabilities and even more serious ones like the link between legalizing abortions and reduced crime rates, the myths of real estate agents and campaign finance.
Apart from the issues of life and death, the basic knowledge of economics has also been applied to freakish quality questions like which is more dangerous, a gun or a swimming pool? Or, why do drug dealers still live with their mothers? How parents really matter? The book for its relevance to everyday life and useful anecdotes has earned a place on bestseller lists