Freakonomics and Misconceptions of Economy

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Recommended: Freakonomics book review

A number one bestseller many say is grasping in amazement: Freakonomics is said to unravel the untold stories of life. Steven D. Levitt and Stephen J. Dubner break common misconceptions of economics by revealing its true science. Freakonomics shatters the view of economics being an arid study of finance and markets. They pull in information to make inferences on past occurrences subtly influence on the present. Freakonomics packs punches with its countless number of tables and figures, serving as concrete data to make their assumptions. Levitt & Dubner in the beginning identify the fundamental Latin phrase post hoc ergo propter hoc in the sentence, “…just because two things are correlated does not mean that one causes the other”, due to their entire novel being based on correlation. Freakonomics’ explicit exploration of the hidden side of everything captivate economist with unmentioned inferences backed up with reasoned correlation, linking compelling topics to shatter misconceptions about controversial stories, ending with a brief consensus of economic pattern limitations.

Dubner & Levitt were prompted by the riddles of everyday life to write their novel. Curiosity was the main fuel that caused them to collaborate together. Dubner & Levitt clearly wrote Freakonomics in order to enlighten people. From the get go their objective is simply to get people to look at the world in their personal contacts. Anyone who has ever paid attention or heard the word economics is part of Dubner & Levitt’s audience. Freakonomics selective permeability in data helps breakdown complex information to a more elementary concrete form. Essentially, anyone who can read or write can read Freakonomics. Dubner & Levitt wrote their novel in this manner ...

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...that even with the science of economics it also has its limits. They systematically do, and note this so that they leave nothing unexplored which may destroy their credibility, in turn making their claims loose.

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.

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