Book Report on Freakonomics by Levitt and Dubner
The unconventional way of presenting and exploring the field of economy signifies an alarming condition. This is because of the possibility that the public, which is already accustomed to the traditional wisdom as well as principle and practices of economy, may resents any fresh idea. This condition holds true especially if the alternative depiction of economy creates eccentric or freaky interpretations and effects. On a different and positive perspective however, it is in an out-of-the-box presentation that economy is better understood and effectively realized.
This is because the conventional notion about economy is subjected to a flexible and open-minded illustration thereby increased the chance of successfully recognizing its premises and practices. The cited condition was what the book “Freakonomics” by Levitt and Dubner (2005) clearly represented and imparted to the readers. In fact, it took an apparently unusual book and authors just for the public to realize that typical questions and life realities have unconventional explanations and underlying philosophy.
In doing so, Levitt and Dubner deviated from the normal way of presenting the field of economy and instead provided people and the society with rogue study and analysis of economy. In the end, such effort revealed the hidden yet more realistic side of the field (Levitt & Dubner, 2005). To be more specific, “Freakonomics” signified the possibility that typical situations are economic-related. This is because of the apparent principle that everyday questions and answers are, in fact, attributed and just offshoot of what economy really is.
That is, economically speaking, the authors, through the book, presented, explained and proven that it is the economic aspect which motivate people and the different sectors of the society to meet their necessities and desires particularly if those are the same things that others need (Levitt & Dubner, 2005). Incentive: The Unconventional Premise of Economy Resulting from various studies, Levitt and Dubner signified that the main thesis or perspective of the book simply boiled down to the concept of incentive.
“Freakonomics” specifically exemplified that the field of economy requires one to explore, understand and realize the premise of rational motives. This point of view of the book resulted from the reality that people and the society are encouraged to meet their goals because of some kind of reward and rational motive. In the most unusual yet effective manner, the book simply put that economy is, in all its attributes, really the study about incentives.
And that aside from its supposed financial components, it is economy that eventually reveals the hidden or underlying sides of life realities (Levitt & Dubner, 2005). To support the said incentive idea as the unconventional premise of economy, the authors presented major factors. These include the main argument that it is the economic-related incentives that establish the manner how people perform just to get their desires or whatever necessities. The economics of incentive works particularly on situation where one similarly desires what others want or that people prefer for the same thing.
The book then further presented and proven that it is from the said the same requirements where incentives work at their best. This is because this is where the economically-motivated incentives reveal the hidden but true side of every people and situation. This point was specifically supported by the realities of how cheating, criminal act as well as the performance of sports and even child rearing are unconventionally carried-out because of the incentive theory (Levitt & Dubner, 2005).
The book further claimed that the economics of incentive are undeniably manifested through the exclusive operations of a crime group. Even the nature and works done by real-state agents were likened to the mysteries of the Ku Klux Klan as well as the fallacies concerning campaign funds, the revealing evidence of cheating professionals like schoolteacher are enough manifestations that economics is working through the provision of incentives (Levitt & Dubner, 2005). The book further explained the other points of the author about the economics of incentive.
That is, what comprise all life realities is the idea that even in this contemporary world, with all its supposed advancement and because of its excessive mysteries, complexities and definite deceptions; is actually not that easy to be understood. This is due to the reason that it is the incentive or the respective motivation of people that hinders full realization of everything in this world. Fortunately, the book made by Levitt and Dubner provided the people with the needed details and realization concerning how incentives encourage people and the society to manifest their real characteristics (Levitt & Dubner, 2005).
The book is commendable because its unconventional way of exploring people and the world was efficiently done by the authors. The undertaking eventually resulted into a revelation of the realities behind situations. The authors are to be lauded for their success in applying the field of economy into the realm of real life events. As depicted by situations about parents, real-estate agents, criminals and other real-life personalities, the book allowed the public to realize the influence impacted by incentives.
This is primarily because it is through such idea and practice that people are motivated to do things that they want. Conclusion Out of the unconventionality of the book that its goal and essence were met. It may not be typical but the book’s premise is honest to goodness principle. That is, morality is the manifestation of what this world should be but it is economics and the idea of incentives that depicted how things truly work. Reference Levitt, S. D. & Dubner, S. J. (2005). Freakonomics: a rogue economist explores the hidden side of everything. New York: William Morrow.Sample Essay of RushEssay.com