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Freakonomics Summary

11 min read ⌚ 

Is a gun more dangerous than a swimming pool? How much of an impact do parents really have on a child’s life? Did the legalization of abortion lead to a sharp decrease in crime?

These aren’t typical questions about economics, but then Steven Levitt isn’t your typical economist.

Together with award-winning writer and journalist Stephen Dubner, Levitt wrote Freakonomics as a way to explore the hidden side of everything from gangs and real-estate agents to cheating and the Ku Klux Klan.


This is not a book about economics. Rather, it’s a book that applies economic theories to other subjects. And the conclusions Levitt and Dubner come to may surprise you. Freakonomics, in its own words, turns “conventional wisdom on its head”.


INCENTIVES / FREAKONOMICS

“Information is a beacon, a cudgel, an olive branch, a deterrent—all depending on who wields it and how.”


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