Superfreakonomics by Steven Levitt and Stephen Dubner lures the reader into finding a new way of looking at everyday situations from an economical standpoint. From linking prostitutes to seasonal mall Santa Clauses to discovering a cure for cancer, anyone looking to gain a new perspective or find pure entertainment should read Superfreakonomics because of its strategy of intertwining humor with the hard statistics found through hours of research.…
Charles 'Charlie ' Wheelan is the author of Naked Statistics: Stripping the Dread from the Data, Naked Economics: Undressing the Dismal Science, and was an unsuccessful Democratic candidate in the special election for Illinois 's 5th congressional district, the seat vacated by Rahm Emanuel.[1]…
Grimm, M. (2007). Removing the anonymity axiom in assessing pro-poor growth. Journal of Economic Inequality, 5(2), 179-197. doi:http://dx.doi.org/10.1007/s10888-006-9038-4…
For my fourth quarter book report I decided to read Freakonomics by Steven D. Levit and Stephan J. Dubner. To be honest, I was dreading reading this book. My first thought was that it was going to be boring and like all economic textbooks, but I am happy to say that I was pleasantly surprised! Not only is this book easy to read and understand, but it also completely changed my outlook on the subject of economics. I now have an appreciation for economics and understand that it plays an important role in all of our lives.…
Economics is described by Lionel Robbins as the science, which describes human behaviour as a relationship between (given) ends and scarce means, which have alternative uses. Consequently assumptions have to be made about people, how they behave, and how they make decisions. Moreover, the behavior of an economy reflects the behavior of the individuals that make up that economy (Mankiw and Taylor, 2006), supporting how important these assumptions are.…
3. The Black Disciples street gain was set up just like a common business is set up. The top people in charge of both were called the board of directors. Under them,…
Poverty is existent in every country, but in developing countries, the poverty cycle can prove very hard to break. This essay will examine the difficulties surrounding the developed nations as they try to break the poverty cycle.…
After reading the book, please complete the following questions for discussion. Your responses must be typed, and they will be collected on the first day of class.…
According to the World Bank, the international plan to reduce poverty by half was originally supposed to be reached by the year 2015, but the high number of poor people is high, and they are spread out everywhere. The developing states are trying to recover, but the financial crisis’ that have occurred have stunned the growth and opportunities that we are supposed to be experiencing.…
If there is one main idea of this book, it is that economics can explain many things. What the authors of the book are trying to do is to promote economic thinking. Chapter one (What do school teachers and sumo wrestlers have in common?) mainly talks about the human nature of cheating. For every clever person who goes to the trouble of creating an incentive scheme, there are many of people who will inevitably spend more time trying to beat it.…
When people think of economics they often regard it as the study of dry, untrusting…
At the time of Christmas Day of 1989 was when there was an overlap of crime rate. While in Romania the abortion Nicolae Ceausescu went out of power the crime rate in the United States was at its peak. Eventually in 1990 crime rate began falling, so fast that no one had a clue as to what was going on and what was the cause of this. In 1991 to 2001 there was 8 articles published as how law changes the crime rate. When in all reality only three can be shown to have contributed to the drop in crime. Levitt believes that the rest of the articles are simply imagination. He also believes that one of the greatest causes of the crime drop does not appear on the list and also did not get any sort of mention on the newspaper.…
There are millions of people around the world who go to concerts, clubs, and musical events every day. What if there was a way you can do all that and more without leaving your house and still be able to be in the concert and have the same feeling? Vision Music System or (V.M.S) is your solution to a great experience in your own home. It is a device that is similar to the size of a D.V.R, which allows a person no matter where he/she is to turn his/her bedroom, garage, apartment etc., into a virtual concert, nightclub, and stadium; To where he can have any artist or artists playing right in his/her very own home. It is simple a program that helps you choose the place, artist, and type of audience you want and once your done the system takes a couple of seconds to collect the data and a concert or venue will be right in your home with a visual projector. The projection from the V.M.S displays all of this to your convenience. The device itself will cost about Five hundred dollars, but the service will cost twenty-five dollars a month, and no contracts. The person can cancel the service anytime they want without being charged any fee. This device will revolutionize the music industry and it will allow singers to be able to relive their concert experience. It can also be used as a teaching device at schools. It can not only become a concert, but a teaching tool as well, whether the student is homeschooled or missed class they can always view their teacher’s recordings of the lecture. Millions will want this product. It can be used for special occasions, parties, special venues etc. The device is wireless and it only needs Internet connection to activate. The device also comes in four colors black, white, red and navy blue. The possibilities of what a person does with the V.M.S are endless and it is another way someone can enjoy the music they…
Rodrik, Dani, 1996. “Understanding economic policy reform,” Journal of Economic Literature, vol. XXXIV, March, pp. 9-41. Solomon, Jay, 2003. “India”s elephantine economy may be poised to run,” The Wall Street Journal, 25 September, p. A17. Wade, Robert, 1985. “The market for public office: Why the Indian State is not better at development,” World Development, vol. 13, 4, April, pp. 467-497. World Economic Indicators 2001, 2001. (Washington, D.C., The World Bank).…
Yaari, M. E. (1985). “On the role of ‘Dutch Books’ in the theory of choice…