Most people have assumptions about what an economist does. If a survey was made that asked people to show an example of what an economist does, answers would be varied. Some would say that an economist is a person that knows tax and accounting, others would say maybe a project manager, and some would even say that it is a person who analyzes the financial markets and is able to predict the exchange rate of a currency or market price of a market value. In the best case, it would be a professional who analyzes economic data such as GDP, inflation, and unemployment to predict how the economy will behave. Very few people would be to think of an econ...
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... “Freakonomics” show that the old principles of economic research are still valid: curious social behavior, ask the right questions, get accurate data, and demonstrable conclusions.
Although the authors have referred to the book as a different type of book, outside the main role of economics, it is really the opposite: it is a book that gets to the root and the origin of economic theory. Again, it raises questions about what happens in society, analyzing peoples motivations based on data and the economic rationality of individuals, and drawing conclusions which are often considered counterintuitive or different than established knowledge. In fact, Steven Levitt ‘s academic career has been marked by success, and he has been recognized by numerous awards. This shows that when economics is shown in a way understandable to the public, the result can be a big bestseller.
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- Freakonomics has been an incredibly interesting read and opens up with, what appears to the reader to be, a writing style that somehow personifies the text in a way that only the book itself can articulate. The authors, Steven D. Levitt and Stephen J. Dubner, do an amazing job describing basic economic concepts and rules using intriguing and nontypical examples all while entertaining facts and figures that leave the reader with a dropped jaw. The economist, Levitt, received his bachelors degree in economics from Harvard University, his Ph.D.... [tags: Supply and demand, Economics, Freakonomics]
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- Renowned economist, Steven D. Levitt, and well-known journalist, Stephen J. Dubner, in their collaboration of the book, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, write in a mostly inoffensive style about extremely controversial topics. Levitt’s and Dubner’s purpose is to inform readers of frequently disputed topics from a purely economic standpoint. They use second person to directly speak to their readers, an impartial tone to show an unusual perspective, and contrast to provide both sides of an argument.... [tags: Freakonomics, Steven Levitt, Stephen J. Dubner]
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- Chapter 1: In the novel of Freakonomics written by Steven D. Levitt and Stephen J. Dubner, it clearly shows how economic incentives in our society would make a usual honest person decide to commit the act of cheating. If that person comes across the thought of cheating, it usually is for a personal well being. By that I mean they are obviously doing it for an important reason because normally they would never think about committing an act that is morally wrong. The two groups in the chapter that I feel have the most similar qualities were the teachers and the sumo wrestlers.... [tags: Freakonomics, Steven Levitt, SuperFreakonomics]
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- Review of Freakonomics This chapter's main idea is that the study of economics is the study of incentives. We find a differentiation between economic incentives, social incentives and moral incentives. Incentives are described in a funny way as "means of urging people to do more of a good thing or less of a bad thing", and in this chapter we find some examples public school teachers in Chicago, sumo wrestling in Japan, take care center in Israel and Paul Feldman's bagel business of how incentives drive people and most of the time the conventional wisdom t... [tags: freakonomics economics summary]
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- “How is a Street Prostitute Like a Department-Store Santa” from Steven D. Levitt and Stephen J. Dubner’s Super Freakonomics reflects the notion that through centuries women have been treated unfairly in life. Many countries continue to treat females with no respect and often cause them to engage in inhumane activities. “Young women in Cameroon have their breasts ‘ironed’-beaten or massaged by wooden pestle or heated coconut shells-to make them less sexually tempting,” (Levitt and Dubner, 2009, p.... [tags: Super Freakonomics ]
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- Yet another argument against Levitt and Dubner is the outcry surrounding the processes used to devise their controversial conclusions. While many opponents challenge the nature of the studies, people like Charles Jobs said their statistical methods were wrong. He illustrates how Freakonomics suggests “socioeconomic situations which violate a normative standard involving real life situations” (Jobs). He cites the naming study, which challenges the fabric of many people’s core beliefs and is viewed by many as unethical.... [tags: challenging Levitt and Dubner]
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