Superfreakonomics a Personal Review

Topics: Economics, Steven Levitt, Freakonomics Pages: 5 (1834 words) Published: April 13, 2012
About The Book.

“One of the most powerful laws in the universe is the law of unintended consequences” (Levitt, S. 2009) This is one of the primarily premises that the book establishes, with an extraordinary sense of humor and interesting data, Steven and Stephen set us in the real economics world, in which the common factors that all the teachers show to their students are applied in such a way that the real job is getting done. The way the authors write all the interesting facts of today´s modern life, including correct and simple explanations, so that anyone can understand all the topics without having doubts of the concepts and of the more difficult topics of economy. The examples they give provide us a fun way of learning, and of expanding our thoughts far beyond the theory of economics. Throughout the book, we are exposed to historical, political and sociocultural aspects of the example given, not only to give the reader a complete background, but also to make the reader get involved into the facts that are exposed. This book also give us a chance to be reflexive about almost every aspect that we normally do not bother to think of, for instance, the ordinary task of donate money, rather than be a real help to others, people use donations to make them feel more comfortable with themselves, for recognition from the local newspaper or from that cute girl that asked us a coin for any purpose. Superfreakonomics stands for the unusual way of making money and manage all the different aspects of all the topics that can be directed to produce money. As the authors said, in the book there are discussed awkward subjects, and not afraid to be revealing, the whole book is specially designed to generate discussion among the economics academics, without being partisan about it. Applying statistical data, the authors give substantial information that supports their theories by applying economic principles, this is sometimes disturbing, and in some cases the theories that they provide can be tested, as for example, their theory in the previous book Freakonomics, about that a decrease of crime-rate in the 1990’s is according to the lifting of restrictions on abortion in the US in the 1970’s, this is because the unwanted children from lower socioeconomic levels tended to be criminals, despite the traditional policing methods had indeed little or no effect at all on crime levels. The book provides a radical point of view of understanding the economic principles, although, as any economist would say, this is not error-proved, because this principles stands that certain steps need to be taken in order to establish an economic pattern in a topic, therefore, for a new pattern or situation trending to be a new economic model it has to accomplish certain aspects that are applicable to any situations and results in the same goals. Also, the book proposes a way to modify the behavior of common aspects in order to seek new trends and goals for the market to expand, although those trends are in some cases matter of ethical discussions, for example the authors note that prostitutes are paid well because of the illegality of their actions. This book is an effective exercise on daily life by demonstrating the economic principles approach of relying data rather than intuition, also there is the possibility of, by the studying of microeconomics and relying on data and common sense, discover a key element in the behavior or failure of certain laws and social conducts, for example the corruption of police officers in the drug war trough “free samples” of drugs in order to police decline. Real Economics: FREAKONOMICS.

The economy studies the desires and the incentives of people, and how they obtain what they need. Incentives are the key in the economics and sometimes the expected reaction won’t appear. In fact there are many examples, which prove how people can act in response of certain incentives, it doesn’t really matter if they are positive...
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