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Book: Freakonomics

This ground-breaking book 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.

The first part of the book, it draws similarities between very different groups, such as school teachers and sumo wrestlers, or KKK members and real estate agents. What are the similarities? The structure of incentives and how people respond to them.

One of the more interesting analysis is on what factors have affected crime rate. Though for a fuller explanation, see the sequel: Super Freakonomics. See my post on that book.

There are many more interesting topics the authors touch upon. Well worth the read.

My rating: 9/10


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