Freakonomics (2005) Steven D Levitt & Stephen J Dubner A Rogue Economist Explores The Hidden Side of Everything The conventional thinking is that economists are nerds who fancy numbers, statistics and balancing GDPs and expenditures. Now, we have come to realise that economics is more than statistics. Statistics are the greatest lies invented by mankind. It can be made to work for either side of the fence if you know how. The same numbers can be used to assert both sides of the argument if you know how. That is the reason for the frenzy of data in the 21st century. Information is knowledge. The authors try to freak us out with numbers that baffle us with information that actually questions whether our supposedly scientific approach to solving our day to day problem is indeed appropriate. For a starter, they suggest that the reason for the reduction in crime in the 1990s is not because of great policing, increasing prisons or use of resources to curb crime but instea...
It is all Mimesis