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Analysis of the Book Freakonomics - A Rogue Economist Explores the Hidden Side of Everything Essay Example

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Analysis of the Book Freakonomics - A Rogue Economist Explores the Hidden Side of Everything

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Analysis of the Book Freakonomics - A Rogue Economist Explores the Hidden Side of Everything. As the incentive is not worth the extra effort for real estate agents to find the absolute best price possible, as opposed to taking the first worthwhile offer, they are not going to put the effort into doing so. I feel that this is a rather obvious point to make, but as the authors state, people don’t often think about this sort of thing in life. Even though it might seem obvious, the point that the authors are making is that not enough people really utilize this sort of knowledge. The key to incentives is to figure them out and then determine how to make them work in your advantage. Another aspect of economics that the authors discuss is how small events can have large effects. For instance, the authors state that the Roe Vs.

Wade decision back in the ’70s was the defining factor in the drop in rising crime rates in the ’90s. While at first, these two factors might not seem to have anything in common initially to people who are not putting much thought into it, the authors demonstrate how sensible this answer to why crime rates dropped actually is. The first part of this to think about is from which population violent criminals tend to come from. The answer to this question is that people in poor economic conditions generally are the people who become violent criminals. There are statistics to back this statement. The next thing to do is to consider who the largest population of people seeking abortions tend to be. Again, according to statistics people in poor economic conditions have higher rates of unwanted or unplanned pregnancies. However, when Roe Vs. Wade made abortions a viable option for those facing economic difficulties. Thinking about things this way, it is a simple step to state that Roe Vs. Wade allowed for the thinning out of the criminal population. The people who were going to grow up and become violent criminals never had a chance to because they were never born. The seemingly small event of Roe Vs. Wade, which in itself wasn’t actually a small event considering all of the ramifications it had, became an even bigger event as it caused something as dramatic as the drop in serious and violent crime. Analysis of the Book Freakonomics - A Rogue Economist Explores the Hidden Side of Everything.

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preview essay on Analysis of the Book Freakonomics - A Rogue Economist Explores the Hidden Side of Everything
  • Pages: 4 (1000 words)
  • Document Type: Essay
  • Subject: Literature
  • Level: Masters
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