The book Freakonomics builds story around one central theme which is in real world, we people have different perceptions about various events and we would like the world to work in a particular way but the fact is, economics is the ultimate truth that shows us how things actually work out and which are the factors cause what events. The book has also various “Break the Myth” moments whereas the authors have explained why some simple looking things are not that much simple and they have proved some of the basic perceptions that we have.
For example, in the 1990s the crime rate, especially of violent crimes like murders, rapes etc. was soaring like anything in United States of America. The experts including the then president of US Mr. Clinton predicted that this crime rate is expected to climb even higher in upcoming days. Suddenly, the crime rate fell and by the year of 2000, it fell by more than 50% as compared to what it was used to be. The experts, as usual, came up with their set of theories for this and said all this happened due to smart policing strategies, better economic conditions and strict gun …show more content…
We have already seen an example of this in a law passed by US Supreme Court which legalized the abortion across the country had effects in free fall of crime rate in 1990s i.e. almost after two decades of passing the law. Another example is of the introduction of crack cocaine’s introduction in the US drug market. Prior to this, the Black American community was progressive like it had been never before. All the measurements of their progress were positive but one small event, introduction of crack cocaine and it ruined everything especially for Black American community. The infant mortality rate went up again, the crime rate went up in Black Americans’ neighborhood etc. Due to high involvement of Black Americans in this illegal business, this crack cocaine contributed significantly in their