Freedomnomics: Why the Free Market Works and Other Half-Baked Theories Don't

By John R. Lott Jr.
Read by Brian Emerson

7.03 Hours 01/01/2006 unabridged
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Freedomnomics is everything you wanted to know about the world but didn’t know economics could tell you. As the blockbuster bestseller Freakonomics demonstrated, economics can explain everything, from why people behave the way they do to how governments and businesses organize themselves. But are the basic assumptions and conclusions in Freakonomics true? Does the free market usually lead to unintended and negative consequences? Quite the opposite, says John Lott, who holds a PhD in economics. In fact, says Lott, a wide range of fascinating and peculiar case studies prove the simple adage that if something is more costly, people will do less of it. And, in a refutation of Freakonomics’ most controversial idea, Lott shows why legalized abortion leads to family breakdown, which leads to more crime. Extending its rigorous economic analysis even further to our political and criminal justice systems, Freedomnomics reveals: –How the free market creates incentives for people to behave honestly –How political campaign restrictions keep incumbents in power –Why affirmative action in police departments leads to higher crime rates –How women’s suffrage led to a massive increase in the size of government –Why women become more conservative when they get married and more liberal when they get divorced –How secret ballots reduce voter participation –Why state-owned companies and government agencies are much more likely to engage in unfair predation than are private firms Entertaining, persuasive, and based on dozens of economic studies spanning decades, Freedomnomics not only shows how free markets really work but proves that, when it comes to promoting prosperity and economic justice, nothing works better.

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Summary

Summary

Freedomnomics is everything you wanted to know about the world but didn’t know economics could tell you.

As the blockbuster bestseller Freakonomics demonstrated, economics can explain everything, from why people behave the way they do to how governments and businesses organize themselves. But are the basic assumptions and conclusions in Freakonomics true? Does the free market usually lead to unintended and negative consequences? Quite the opposite, says John Lott, who holds a PhD in economics.

In fact, says Lott, a wide range of fascinating and peculiar case studies prove the simple adage that if something is more costly, people will do less of it. And, in a refutation of Freakonomics’ most controversial idea, Lott shows why legalized abortion leads to family breakdown, which leads to more crime.

Extending its rigorous economic analysis even further to our political and criminal justice systems, Freedomnomics reveals:

–How the free market creates incentives for people to behave honestly

–How political campaign restrictions keep incumbents in power

–Why affirmative action in police departments leads to higher crime rates

–How women’s suffrage led to a massive increase in the size of government

–Why women become more conservative when they get married and more liberal when they get divorced

–How secret ballots reduce voter participation

–Why state-owned companies and government agencies are much more likely to engage in unfair predation than are private firms

Entertaining, persuasive, and based on dozens of economic studies spanning decades, Freedomnomics not only shows how free markets really work but proves that, when it comes to promoting prosperity and economic justice, nothing works better.

Editorial Reviews

Editorial Reviews

“Lott demonstrates how free market principles produce the greatest success…This book is essential to those who seek to understand liberty.” Edwin Meese III, former US attorney general under President Reagan
“Truly, this is a perspective that is enlightening and worthy of presentation…John Lott has meaningfully contributed to the necessary vigilance toward the preservation of freedom with the tales of his professional journey.” John Raisian, Director and Senior Fellow, Hoover Institution, Stanford University
“Brian Emerson delivers this work as an enthusiastic and inspired economics professor might. It is lively and paced at a smooth tempo. Emerson transports listeners to the classroom and provides meaty ideas to ponder. His voice gives the work both the authority and vision the author intended…Freedomnomics is an easy listen as well as an interesting ideology.” AudioFile

Reviews

Reviews

Author

Author Bio: John R. Lott Jr.

John R. Lott Jr. received his PhD in economics from UCLA in 1984. He has held positions at the University of Chicago, Yale University, Stanford, UCLA, Wharton, and Rice. He is the author of The Bias against Guns and the bestselling More Guns, Less Crime and has published numerous articles in academic journals.

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Details

Details

Available Formats : Digital Download, Digital Rental, CD, MP3 CD
Category: Nonfiction/Business & Economics
Runtime: 7.03
Audience: Adult
Language: English