The word Freakonomicsis currently not in the dictionary. It is actually a title of a book by Steven Levitt and Steven Dubner. This is an excerp from their book which explains the concept of freakonomics:
"Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? What kind of impact did Roe v. Wade have on violent crime?
These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He is a much-heralded young scholar who studies the riddles of everyday life-from cheating and crime to sports and child-rearing — and whose conclusions regularly turn the conventional wisdom on its head. He usually begins with a mountain of data and a simple, unasked question. Some of these questions concern life-and-death issues; others have an admittedly freakish quality. Thus the new field of study contained in this book: Freakonomics.
In Freakonomics, they set out to explore the hidden side of — well, everything. The inner workings of a crack gang. The truth about real-estate agents. The myths of campaign finance. The telltale marks of a cheating schoolteacher. The secrets of the Ku Klux Klan.
What unites all these stories is a belief that the modern world, despite a surfeit of obfuscation, complication, and downright deceit, is not impenetrable, is not unknowable, and - if the right questions are asked - is even more intriguing than we think. All it takes is a new way of looking.
Freakonomics establishes this unconventional premise: if morality represents how we would like the world to work, then economics represents how it actually does work. "
http://www.freakonomics.com/thebook.php
My intention for this Blog is to try to explore the unique Brunei economy in a 'freakonomicsish' (or conventional) way.
"Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? What kind of impact did Roe v. Wade have on violent crime?
These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He is a much-heralded young scholar who studies the riddles of everyday life-from cheating and crime to sports and child-rearing — and whose conclusions regularly turn the conventional wisdom on its head. He usually begins with a mountain of data and a simple, unasked question. Some of these questions concern life-and-death issues; others have an admittedly freakish quality. Thus the new field of study contained in this book: Freakonomics.
In Freakonomics, they set out to explore the hidden side of — well, everything. The inner workings of a crack gang. The truth about real-estate agents. The myths of campaign finance. The telltale marks of a cheating schoolteacher. The secrets of the Ku Klux Klan.
What unites all these stories is a belief that the modern world, despite a surfeit of obfuscation, complication, and downright deceit, is not impenetrable, is not unknowable, and - if the right questions are asked - is even more intriguing than we think. All it takes is a new way of looking.
Freakonomics establishes this unconventional premise: if morality represents how we would like the world to work, then economics represents how it actually does work. "
http://www.freakonomics.com/thebook.php
My intention for this Blog is to try to explore the unique Brunei economy in a 'freakonomicsish' (or conventional) way.
I maybe right, but often I am sure I will be wrong! I don't claim to be a 'good' economist, Hey! I'm not sure if I am even one. Therefore, I'm not writing as an economist, rather as a curious person in Brunei Darussalam.
Whenever I can, I will try to support my views with research, facts and figures. Nevertheless, as you often see in any journal papers: "All remaining errors are the author's responsibility"
Whenever I can, I will try to support my views with research, facts and figures. Nevertheless, as you often see in any journal papers: "All remaining errors are the author's responsibility"
I welcome comments from anyone.
Salaam!
Salaam!
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