Economics in reverse is the best way of describing the unconventional method preferred by economist, Steven D. Levitt. While most economists measure social situations and present the data as numbers and graphs Levitt takes anomalies within the data to reveal truths obscured. It’s Levitt’s sociological take on economics that has set him apart from his peers with his heavy focus on incentives, choices, and the consequences they have. Freakonomics mirrors Levitt’s method since it’s a collection of stories he has uncovered or read, and the core economic principles are hidden within each story throughout the book, sometimes even in plain sight like how there are exactly as many chapters as there are core economic principles.
Levitt states that the root of Economics is the study of incentives (Levitt 20) since scarcity causes Social-Darwinism by competition for resources that people want and need. But rather than presenting cases of incentives that serve their intend purposes Levitt displays cases in which incentives have failed and backfired. One example of such a case is when day-care centers in Haifa, Israel enacted a fine on parents who picked up their children late. They hope was to decrease the numbers of late parents but average of late parents actually doubled (Levitt 19-20). The reason was plain to see, the incentive was not big enough. The fine was only three dollars, less than that of a morning cup of coffee.
An unusual story involving incentives and morning cuisine is that of Levitt’s recalling of Paul Feldman who ran a bagel delivery service in Washington D.C. Feldman had brought in bagels to work every week while working at a research institute and in order to keep funding the bagels he had a collections b...
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...d G. Fryer Jr., himself an African-American, has studied the “Acting White/Black” phenomena and found it stems more from education, “White” referring towards higher level of education and “Black” referring to lower levels. When race is removed from the equation a prevalent pattern can be seen within races as socioeconomic status and naming trends (Levitt 190). The pattern is able to roughly measure the education of a child’s mother depending on the choice of name and the frequency of the name within social classes (Levitt 190-204). Over time Fryer could see the way names tended to move, down. As names become more used and common they will pass on lower to lower social classes (Levitt 201).
Works Cited
Levitt, Steven D., and Stephen J. Dubner. Freakonomics: A Rogue Economist Explores the Hidden Side of Everything. New York: Penguin Books Ltd, 2006. Print.
The movie 'Ethnic Notions' describes different ways in which African-Americans were presented during the 19th and 20th centuries. It traces and presents the evolution of the rooted stereotypes which have created prejudice towards African-Americans. This documentary movie is narrated to take the spectator back to the antebellum roots of African-American stereotypical names such as boy, girl, auntie, uncle, Sprinkling Sambo, Mammy Yams, the Salt and Pepper Shakers, etc. It does so by presenting us with multiple dehumanized characters and cartons portraying African-Americans as carefree Sambos, faithful Mammies, savage Brutes, and wide-eyed Pickaninnies. These representations of African-Americans roll across the screen in popular songs, children's rhymes, household artifacts and advertisements. These various ways to depict the African ?American society through countless decades rooted stereotypes in the American society. I think that many of these still prevail in the contemporary society, decades after the civil rights movement occurred.
Summary In chapter one of Freakonomics, the beginning portion of the chapter discusses information and the connection it shares with the Ku Klux Klan and real-estate agents. The Ku Klux Klan was founded right after the Civil War, in order to persecute and subdue the slaves that were newly freed. The popularity of the Klan increased in the early 20th century, around the time of World War I. In the late 19th century, the Klan had only discriminated, persecuted, and subdued Blacks, but in the 20th century they did these things to Blacks, Jews, and Gypsies.
Thesis Statement: Society often forces biracial and multicultural people to identify themselves with one ethnic group by denying other part of their ethnic background. An analysis of the many scientific studies, literature, and art reveals the complexities of growing up with parents of different races. The American tendency to prefer lighter skin effects how biracial children form their identities and often causes them to deny their black heritage.
Written by Steven D. Levitt and Stephen J. Dubner, Freakonomics is built upon three major philosophies: incentives are the fundamentals of life, experts on a subject use their knowledge as an advantage to serve their own wellbeing, and orthodox wisdom is wrong most of the time. This book goes into detail to explain the mindsets of humans, from school teachers to sumo wrestlers, through statistics. Levitt and Dubner claim that when the data is closely examined it can relate to more concepts than originally hypothesized. The style of this informative piece is very precise yet, at the same time, very concise and to the point. The tone carried throughout the book is informative and knowledgeable. The authors use distinct tactics to get points across
One of Beverly Tatum's major topics of discussion is racial identity. Racial identity is the meaning each of us has constructed or is constructing about what it means to be a white person or a person of color in a race-conscious society. (Tatum, pp Xvii) She talks about how many parents hesitate to talk to their children about racism because of embarrassment and the awkwardness of the subject. I agree with her when she says that parents don't want to talk about racism when they don't see a problem. They don't want to create fear or racism where none may exist. It is touchy subject because if not gone about right, you can perhaps steer someone the wrong way. Another theory she has on racial identity is that other people are the mirror in which we see ourselves. (tatum pp18) 'The parts of our identity that do capture our attention are those that other people notice, and that reflects back to us.'; (Tatum pp21) What she means by this is that what other people tell us we are like is what we believe. If you are told you are stupid enough you might start to question your intelligence. When people are searching for their identity normally the questions 'who am I now?'; 'Who was I before?'; and 'who will I become'; are the first that come to mind. When a person starts to answer these questions their answers will influence their beliefs, type of work, where they may live, partners, as well as morals. She also mentions an experiment where she asked her students to describe themselves in sixty seconds. Most used descriptive words like friendly, shy, intelligent, but students of color usually state there racial or ethnic group, while white students rarely, if ever mention that they are white. Women usually mention that they are female while males usually don't think to say that they are males. The same situation appeared to take place when the topic of religious beliefs came up. The Jewish students mentioned being Je...
White is a legitimate sham. It means what color they are. Puerto Ricans tell you that they're something else, they came from somewhere else, but they're here now. Negro doesn't tell you anything" (16). In Toni Morrison's Song of Solomon, which describes the tribulations faced by an African American family attempting to define and find themselves, names have great implications.
From an early age it was clear to Sandy that, the lighter a person’s skin was, the higher their social status. As the only young child in his household, he was exposed to many conversations among the adults around him that revolved around race. A primary example of this was one of the conversations between his grandmother, Aunt Hager, and her friend, Sister Whiteside. Sandy and the two elder women sat at the kitchen table together to share a meal while the two women chatted. Sandy sat quietly and absorbed their talk of everything from assuming the white ancestry of a lighter-skinned child they knew, to the difficulty of keeping “colored chillens in school” (13-15).
Revealing the hidden side of life in clarity, Freakonomics draws in all economists with unmentioned assumptions which are upheld with reasoned correlation, bonding subjects that unveil misconceptions, concluding on economic pattern limitations. Effectively, they lead their audience on their conviction route as smoothly as possible. Nice job on not screwing the map up. Allowing them to achieve their goals, this was to change people’s views. By the time a person puts down Freakonomics, they have been led to conviction about all their claims because Dubner & Levitt know that in order to change someone else’s way of thinking you must change your own.
""Soul Food" a Brief History." Welcome To The Black Box, Personal Narratives in High Definition. N.p., n.d. Web. 03 Mar. 2014
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 turns to be "wrong" when incentives are in place.
Economics take part in many daily lives can be seen in the music people listen to. Harry Chapin’s “Cats in the Cradle” song is no exception. The song describes a young father trying to live up to capitalistic America’s economy and needs. Sometimes in life choices must be made. People respond to incentives put in place by Homo Economicus. For many, just as it is in the song, that incentive is money. The song states, “My child arrived just the other day. He came to the world in the usual way. But there were planes to catch and bills to pay. He learned to walk while I was away.” These lines relate to opportunity cost. The father had to give up one thing in order to achieve another. The opportunity cost is the time that the father lost watching his son grow up. He felt there was a higher demand for his job than for his time with his son. He chose to be on that plane and to be at a job that would keep him from his family. In his mind, the father used marginal analysis to make this decision. He simultaneously, even though he might not have realized he
Whiteness is a term that has been discussed throughout history and by scholarly authors. Whiteness is defined in many ways, according to Kress “pervasive non- presence, its invisibility. Whiteness seems at times to be everywhere and nowhere, even present throughout U.S. history, and yet has no definable history of its own. Whiteness as a historically rooted cultural practice is then enacted on the unconscious level. Knowledge the is created from the vantage point of Whiteness thus transforms into “common sense,” while practices or behaviors that are enacted based on the unspoken norms of Whiteness become the only acceptable way of being” (Kress, 2008, pg 43).
Economics is probably the science that arguably has had the most impact in today’s times. In fact it can barely be called a science in a strict sense, since human behavior is not governed by laws of nature unlike other non living objects, which makes the prediction and forecasting stock prices, economic conditions all the more difficult. In recent decades economists have tried to give a more structured and mathematical explanation to their theories concerning how human beings make their decisions. However these theories have come under immense criticism as they don’t hold true in real time. In reality, human beings rarely behave rationally which is the basic assumption in many of the economic theories; rather we make a lot of our decisions based on our intuition and limited knowledge available to us. When the financial crisis of 2008 came upon us, a lot of questions were raised on the apparent predictive abilities of the various economic theories. Merely 12 economists were able to foresee the massive crisis which now shows signs of deepening into a double dip recession.
Throughout my life, I have seen how African American have been portrayed by popular culture as a race of people in which it is acceptable for one to be ignorant, loud, conceded, and flamboyant. As a matter of fact, if one does not act in this manner, that person would be considered to be acting white. To uphold a certain image and to not be categorized as a White person, I have seen people purposely behave in a manner to portray trends advertised by the commonly accepted culture in our society. I have also seen how...
The crucial importance and relevance of economics related disciplines to the modern world have led me to want to pursue the study of these social sciences at a higher level. My study of Economics has shown me the fundamental part it plays in our lives and I would like to approach it with an open mind - interested but not yet fully informed.