Paperback: 336 pages
Publisher: Penguin Books Ltd (6 April 2006)
Economics is often called 'the dismal science'. And yet, the 'sixth Nobel' is awarded for work in it. It's deeply important to our lives, yet it often seems to be black magic, with competing theories about everything, theories usually phrased in impenetrable jargon. So it's quite a surprise to see this book, which is an attempt to bring out the economic underpinnings behind everyday experiences. What the authors have put forward (or more precisely, what economist Levitt has put forward, while Dubner actually provides the journalistic polish) is a set of theories, from the effect of names of a child's earning power to the economics of running a drigs gang (pretty lousy, it seems).
Fascinating. Not necessarily always right, but definitely thought provoking.