October 10, 2005

Freakonomics

I read this over the weekend. A well-written book that explores how much truth "Convention Wisdom" holds. Or how economics describes the actual world. The book explores many diverse topics, including parenting, racial and cultural issues, crime, and other matters. The common point is the use of data and econometric methods to analyze the data to draw conclusions. Several commonly-held beliefs are shown to be unsupported by data, while several surprising ("freaky") results emerge from the analyses.

A nice collaboration between a smart economist, and a quality writer. Worth a read, just for fun and also to know a little bit more about the world.

2 comments:

Anonymous said...
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Anusha said...

I especially found the negative correlation between lowering of crime in NYC and the expansion of the police force and the positive correlation with legalising abortion very convincing. But otherwise, I thought the book was a tad too frivilous in view of what it could potentially have been- a more detailed and serious read.

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