Freakonomics: Quotes
A Rogue Economist Explores the Hidden Side of Everything
Book by Steven D. Levitt, Stephen J. Dubner
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Summary
Freakonomics is a rogue economist's exploration of the hidden side of everything, from cheating teachers and bizarre baby names to self-dealing realtors and crack-selling mama's boys, teaching you to question the world with data, dig deeper than conventional wisdom, and discern how people get what they want.
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These are the best quotes from Freakonomics by Steven D. Levitt, Stephen J. Dubner. If you want to read a full summary of this book for free, click here.
"Incentives Are The Cornerstone Of Modern Life"
"An incentive is simply a means of urging people to do more of a good thing and less of a bad thing... There are three basic flavors of incentive: economic, social, and moral. Very often a single incentive scheme will include all three varieties. Think about the anti-smoking campaign of recent years. The addition of a $3-per-pack 'sin tax' is a strong economic incentive against buying cigarettes. The banning of cigarettes in restaurants and bars is a powerful social incentive. And when the U.S. government asserts that terrorists raise money by selling black-market cigarettes, that acts as a rather jarring moral incentive."
Section: 1, Chapter: 1
"Abortion Leads To Less Crime"
"Our theory does not suggest that the legalization of abortion can account for all of the decline in crime. Clearly, many other factors may also be at play: a strong economy, increases in the number of police, and the rising prison population, among them. But legalized abortion should not be overlooked. It was perhaps the single most important event of the last half century in leading to the abrupt and unexpected decline in crime that the United States has experienced."
Section: 1, Chapter: 4
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