Dec 162008
 

Freako­nom­ics: A Rogue Eco­nom­ist Explores the Hid­den Side of Everything was pub­lished a long time ago, way back in 2005, but it took my book­club until this year to decide to read it. Hey, no point in being too fast, if a book is worth­while it will still be worth­while a couple of years later, right? In this case, it is. There is an updated ver­sion, but even the older ver­sion has a way of look­ing at the world that’s worth pon­der­ing. Wiki­pe­dia and the offi­cial book site have sum­mar­ies, and there’s now a related blog.

The most fam­ous part of the book is the one that asks how far the decrease in crime in the 1990s was due to the poten­tial crim­in­als nev­er hav­ing been born; there has rightly been a lot of dis­cus­sion about that (Wiki­pe­dia has a decent sum­mary of some of the points). That dis­cus­sion has ten­ded to over­shad­ow the oth­er parts of the book, some of which bear more think­ing about. One good example is the way that gangs were organ­ised So how did the gang work? An awful lot like most Amer­ic­an busi­nesses, actu­ally, which, if taken ser­i­ously by people try­ing to get rid of gangs, might lead to dif­fer­ent ways of tack­ling them. The dis­cus­sion about how the Ku Klux Klan was made ridicu­lous by incor­por­at­ing it into the Super­man radio show was good, even if who did exactly what when is unclear. 

Above all, the book appeals if you’re someone who asks wheth­er there are oth­er explan­a­tions for things, past the seem­ingly obvi­ous. Like the book says, con­ven­tion­al wis­dom is often wrong, and it’s refresh­ing to read about some of the ways in which it is. Nor­mally we don’t dis­cuss non-fic­tion books for very long at book­club, but this book was an excep­tion. Most of our dis­cus­sion was along the lines of “does it make sense that” or com­ing up with altern­at­ive hypo­theses to explain some of their data. It would have helped if we’d seen some more of the actu­al math­em­at­ics so we could have been a little more sure of how they did the regres­sion test­ing, but that’s a minor quibble and I’m sure most of the book’s audi­ence did­n’t miss it.

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