
A Rogue Economist Explores the Hidden Side of Everything Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? How did the legalization of abortion affect the rate of violent crime? These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He is a much-heralded scholar who studies the riddles of everyday life—from cheating and crime to sports and child-rearing—and whose conclusions turn the conventional wisdom on its head. Freakonomics is a ground-breaking collaboration between Levitt and Stephen J. Dubner, an award-winning author and journalist. They usually begin with a mountain of data and a simple, unasked question. Some of these questions concern life-and-death issues; others have an admittedly freakish quality. Thus the new field of study contained in this book: Freakonomics. Through forceful storytelling and wry insight, Levitt and Dubner show that economics is, at root, the study of incentives—how people get what they want, or need, especially when other people want or need the same thing. In Freakonomics, they explore the hidden side of … well, everything. The inner workings of a crack gang. The truth about real-estate agents. The myths of campaign finance. The telltale marks of a cheating schoolteacher. The secrets of the Ku Klux Klan.
For those who don't know, I'd recommend the Freakonomics The Economics of Everyday Things episode on dental insurance. IIRC, dental "insurance" has little in common with insurance in general. As a financial product, it's more like an invested savings account.
The author's goal is to convey an idea to the reader. He breaks it up into small overlapping chunks and gradually doles out these small overlapping chunks over the course of the book, sometimes backtracking and repeating an idea with a different example, all accompanied by a compelling narrative.
If he does his job well then the reader doesn't notice that spaced-repetition learning is happening because the supporting examples are entertaining enough to continue reading. In the worst case, the author gets the exact criticism that you are leveling.
Honestly, if you had Mathematics books written like Thinking, Fast and Slow or Freakonomics you'd have a lot more students passing calculus.[1]
So, here's a challenge for you - in your area of expertise (whatever that is), write down the chapters of a hypothetical book you would write to explain one or two foundational principles to an outsider (to that area). It's pretty hard to do. Then compare with best-selling non-fiction aimed at outsiders like Freakonomics, etc.
I did this (chapter overview thing) and realised pretty quickly that I had planned a really boring book.
[1] I read Thinking, Fast and Slow around 2011, and I read The Mom Test last year. Almost all of the sub-themes of the former is still in my memory. The only thing I remember of The Mom Test is that people will lie to you to protect your feelings.
Ironically, this is why i really liked Freakonomics. All the studies they uses were just Levitt's studies, and you could just look them up and read them. I recently listened to a podcast criticizing the book and I couldn't even take it seriously, because you had a couple of laypersons who are politically aligned against the Chicago school and use that for the basis of their criticisms. I though it such a hilariously terrible "trashing" of the book that I couldn't stop shaking my head.
If Books Could Kill: https://open.spotify.com/episode/5wHpooGMRsSBrUHhQZbOZp?si=4...
I would prefer if Walker provided the citations for what this author is asking for, but the entire point of a popsci book is that it's not a scholarly article. Walker isn't a doctor, he's a PhD in neurophysiology. I think the criticisms are warranted, but I think it's glaringly obvious from reading that the book isn't a work of serious scholarship.
Economics-style thinking is very valuable. If you weren't blessed to have had a great economics professor in your high-school and college years, I recommend reading Freakonomics by Stephen Dubner and Steven Levitt. It was a required reading for my AP economics course and I thoroughly enjoyed reading it cover-to-cover.
Promote yourself - meh “just become an influencer and pick a new job”
Extreme Ownership - good “navy seal war story -> leadership principle -> business application” x12
Rise - good “wow I have an easy life”
Drive - good “some people like doing stuff just because”
The Accounting Game - good “money explained to a kid to make you feel vetter about not understanding money”
Freakonomics- Interesting book if you're into Game theory and economics kind of stuff, though it has no prerequisites
Meditations- Great views of a stoic thinker
Zero to one- Interesting take on startups and how to build them
Foundation and empire- Amazing sci-fi book. Second book in the foundation series