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Book: Superfreakonomics

I just finished Super Freakonomics. It is a collection of odd, fairly disconnected, stories. The common theme between all of them is that economic analysis has been used to crack the enigma. The resulting behaviour can be explained using economics.

Even Bill Gates really likes this book. In the sequel to Freakonomics, Levitt and Dubner discuss applying economics principles to a variety of topics. They talk about apathy, altruism, how accurate the homo-economicus model is, global cooling, finding trends in bank data to detect suspect terrorists, car safety, and several healthcare improvements.

It gives examples of positive and negative externalities, and how negative ones can be internalized. Several programs, like US drug enforcement, are considered in terms of economics — find out why the recent strategy is certain to fail (it isn’t bad execution, but a fundamental flaw with strategy).

I would definitely recommend this to anyone – it is an interesting approach to various worldly topics.

My rating: 8/10

Links

official website
amazon page
Google Books page

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Continuing the Discussion

  1. Book: Freakonomics – mbells linked to this post on 2012.Aug.24

    […] have affected crime rate. Though for a fuller explanation, see the sequel: Super Freakonomics. See my post on that […]

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