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Freakonomics [Revised and Expanded]: A Rogue Economist Explores the Hidden Side of Everything
Economics is not widely considered to be one of the sexier sciences. The annual Nobel Prize winner in that field never receives as much publicity as his or her compatriots in peace, literature, or physics. But if such slights are based on the notion that economics is dull, or that economists are concerned only with finance itself, Steven D. Levitt will change some minds. In Freakonomics (written with Stephen J. Dubner), Levitt argues that many apparent mysteries of everyday life don’t need to be so mysterious: they could be illuminated and made even more fascinating by asking the right questions and drawing connections. For example, Levitt traces the drop in violent crime rates to a drop in violent criminals and, digging further, to the Roe v. Wade decision that preempted the existence of some people who would be born to poverty and hardship. Elsewhere, by analyzing data gathered from inner-city Chicago drug-dealing gangs, Levitt outlines a corporate structure much like McDonald’s, where the top bosses make great money while scores of underlings make something below minimum wage. And in a section that may alarm or relieve worried parents, Levitt argues that parenting methods don’t really matter much and that a backyard swimming pool is much more dangerous than a gun. These enlightening chapters are separated by effusive passages from Dubner’s 2003 profile of Levitt in The New York Times Magazine, which led to the book being written. In a book filled with bold logic, such back-patting veers Freakonomics, however briefly, away from what Levitt actually has to say. Although maybe there’s a good economic reason for that too, and we’re just not getting it yet. –John Moe
Author:Steven D. Levitt,Stephen J. Dubner
Hardcover:336 pages
Company:William Morrow(2006-10-02)(2006-10-17)
ISBN:0061234001
List Price:$27.95
Amazon Price:$14.95
Used Price:$13.23
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With first-chapter allusions to martial arts, “flow,” “mind like water,” and other concepts borrowed from the East (and usually mangled), you’d almost think this self-helper from David Allen should have been called Zen and the Art of Schedule Maintenance.
Due to the wave of refinancing and subprime lending in recent years, and the subsequent fall in home values, millions of properties are worth less than their mortgages. The only way for these properties to sell is through a “short sale,” in which the bank holding the mortgage agrees to sell the property at a loss — to a savvy investor. Banks will do this because they need to get “upside down” loans off their books and they do not want to be holding property that is in default.
Tuned In argues that the key to business success lies in understanding and connecting with what consumers and markets want most. Being tuned in to the needs of buyers, whether those needs are expressed outwardly or not, is the ultimate secret to creating and marketing products and services that people want to buy. For anyone who markets a product, service, or ideas in any business, industry, or organization, Tuned In delivers a simple six-step process for discovering real and deep insights into any market: finding unsolved problems, understanding buyer personas, quantifying impact, creating breakthrough experiences, articulating powerful ideas, and establishing sustainable connections. Tuned In shows readers how to stop guessing what consumers need and stop wasting time and money building, marketing, and selling solutions that the market doesn’t value. This insightful book shows readers how to connect with their market in order to create products and services that truly resonate with people.
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