Monday, January 18, 2010

Book review: Freakonomics (Steven Levitt & Stephen Dubner)


Of course, every hard working indie business man has to take a break once in while, put away the financial times and take some time off. And since most of us use the train and tube, for almost the same reason that cityboys in london do, we spend a whole lot of time sitting and waiting, and from now on reading - Freakonomics of course !
I just got this as a christmas present (a great one, by the way) and can highly recommend it to everyone interested in a different approach to economics (which applies to all of us, of course).
So what it is all about? The main head behind Freakonomics is Steven D. Levitt, a professor of economics at the University of Chicago, who has a wide interest in most things usual professors care very little about. Long story short: Throughout the book he uses the methods and techniques commonly used in the field of economics (e.g. regression analysis and statistics), combined with exceptional thoughts and observations about common day phenomons.
Just to give a short teaser: Do you know why drug dealers, although they earn a lot of money still live with their moms? Or what sumo wrestlers and school teachers have in common?

I promise you have a great time, and if you like crazy statistics (be prepared for drug dealer accounting and a statistic that shows why people steal bagels) you will definitely want to read this one. Don't worry, it's not written for economists only.

2 comments:

Lucas said...

Sounds like a good read. Too bad some of those London cityboys have quite a few marketing books to read at the moment. ;)

Vitti said...

Yeah sure, as if :D
In fact you're a hell of a cityboy, hope everythings fine in london, just gimme some time and I'll be one, too ;D