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	<title>Tim&#039;s Blog &#187; economics</title>
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		<title>Book Review: Freedomnomics</title>
		<link>http://blog.timaki.com/2008/02/06/book-review-freedomnomics/</link>
		<comments>http://blog.timaki.com/2008/02/06/book-review-freedomnomics/#comments</comments>
		<pubDate>Thu, 07 Feb 2008 01:47:48 +0000</pubDate>
		<dc:creator>Tim Patrick</dc:creator>
				<category><![CDATA[Book Review]]></category>
		<category><![CDATA[economics]]></category>

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Freedomnomics: Why the Free Market Works and Other Half-Baked Theories Don&#8217;t
by John R. Lott, Jr.
To buy this book from amazon.com, click here.



I just finished reading Freedomnomics, a book by John R. Lott, Jr., that is, in part, a response to the popular book Freakonomics by Levitt and Dubner. To be honest, I didn’t really read [...]]]></description>
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<td><a href="http://www.amazon.com/gp/product/1596985062?ie=UTF8&amp;tag=timpatriautho-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=1596985062"><img src="http://ecx.images-amazon.com/images/I/51BDH4g8r8L._SL160_.jpg" border="0" alt="" /></a></td>
<td><em>Freedomnomics: Why the Free Market Works and Other Half-Baked Theories Don&#8217;t</em></p>
<p>by John R. Lott, Jr.</p>
<p>To buy this book from amazon.com, <a href="http://www.amazon.com/gp/product/1596985062?ie=UTF8&amp;tag=timpatriautho-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=1596985062">click here</a>.</td>
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<p>I just finished reading <em>Freedomnomics</em>, a book by John R. Lott, Jr., that is, in part, a response to the popular book <em>Freakonomics</em> by Levitt and Dubner. To be honest, I didn’t really read the book; I listened to it as an audio book. Years ago I listened to a 5-million-hour recording of <em>Lord of the Rings</em> during my commute. It was a great way to pass the drive, but I found that I didn’t retain much, a fact made clear when I eventually watched the movie version.</p>
<p>But I doubt there will be a movie version of <em>Freedomnomics</em>, so I thought I would write a review to keep the ideas fresh. Despite having been written by an economics professor, the book turned out to be pretty enjoyable. A big plus for the book is that the author lived for a while in Montana, so the book automatically gets an extra ten points.</p>
<p>The five chapters of <em>Freedomnomics</em> exist to communicate four main ideas.</p>
<ul>
<li>Levitt and Dubner are buffoons.</li>
<li>The free market works way better than a government-controlled economy.</li>
<li>Abortion did not cause the crime rate to decrease in the 1990s.</li>
<li>America’s government largess was caused primarily by women’s suffrage in the early twentieth century.</li>
</ul>
<p>The last idea is, naturally, the most controversial, and despite the plausible arguments provided by Lott, I’m sure a lot more went into the making of a bloated federal bureaucracy than women showing up at the polls. He did provide a lot of facts and figures to support the claim, but they are a little hard to follow when strolling through a park with headphones on.</p>
<p>Still, I did learn some new things about how the market economy works. I also learned that economists don’t just spend their days counting money or money systems. Lott was constantly saying, “A study by economists&#8230;” about studies that had nothing to do with finances. And most of the studies were intriguing.</p>
<p>I recommend <em>Freedomnomics</em>, especially in its audio format. While it didn’t convince me to take classes in economics, it did prompt me to think a little more deeply about the way that I interact with businesses, government, and audiobooks.</p>
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