Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? How did the legalization of abortion affect the rate of violent crime?
These may not sound like typical questions for an econo-mist to ask. But Steven D. Levitt is not a typical economist. He is a much-heralded scholar who studies the riddles of everyday life—from cheating and crime to sports and child-rearing—and whose conclusions turn conventional wisdom on its head.
Freakonomics is a groundbreaking collaboration between Levitt and Stephen J. Dubner, an award-winning author and journalist. They usually begin with a mountain of data and a simple question. Some of these questions concern life-and-death issues; others have an admittedly freakish quality. Thus the new field of study contained in this book: freakonomics.
Through forceful storytelling and wry insight, Levitt and Dubner show that 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 Freakonomics, they explore the hidden side of . . . well, everything. The inner workings of a crack gang. The truth about real-estate agents. The myths of campaign finance. The telltale marks of a cheating schoolteacher. The secrets of the Klu Klux Klan.
What unites all these stories is a belief that the modern world, despite a great deal of complexity and downright deceit, is not impenetrable, is not unknowable, and—if the right questions are asked—is even more intriguing than we think. All it takes is a new way of looking.
Freakonomics establishes this unconventional premise: If morality represents how we would like the world to work, then economics represents how it actually does work. It is true that readers of this book will be armed with enough riddles and stories to last a thousand cocktail parties. But Freakonomics can provide more than that. It will literally redefine the way we view the modern world.
Books and Book Collecting
Books have been an undisputed favourite and a prominent source of information for individuals with a thirst for knowledge. Beginning with the advent of written language and the zest to document our history, books still are the first physical means of communication beyond spoken language and are synonymous with education the world over. Books act as a tutorial to millions around the world owing to the diverse subjects they encapsulate. Reading books quiet simply transforms a layman to a proficient speaker with an impeccable vocabulary and fairly good general knowledge skills.
Book collecting is a hobby thats passionately pursued by voracious readers, or as their famously termed ‘bibliophiles and is constantly evolving as a trend. With libraries, bookstores and book sellers feeding this need to read; people now have an endless choice and can avail of books catering to different genres. One can find fiction, sci-fi fiction, mysteries, fables, biographies, documentaries, fairy tales and fantasy stories as categories to name a few. As readers involve themselves in the aspect of book collecting, they learn of different genres and tend to choose a niche most suitable to their reading pleasure.
With the advent of the internet, online booksellers and virtual book collecting in digital formats, the domination of book collecting is gradually fading in the background as people turn to quicker means of data acquisition. However, for many avid readers, the significance of book collecting is perpetual and will live through the ages. The exclusive element of possessing rare books is an exhilarating feeling in its own right.
Books are the core of information as they bring an array of insights and facts to the table and throw light on different genres. Depending on various genres, books can be used to suit many purposes. Book collecting gives people the opportunity and choice to acquaint themselves with knowledge from various spheres in life and broaden their horizons of understanding.
