Cao has a nice review of Freedomnomics over at her blog: Freedomnomics explains a lot of things in an easy-to-understand conversational way. He surprises the reader with fascinating information. I’d never stopped to think, for example, that there is a relationship between the increasing number of out-of-wedlock births and abortion and increasing crime statistics.5 Did you know that? Or that there is a relationship between single parent and cohabitating unmarrieds and children who are not engaged in school, children who cut school, children who don’t perform well in school, etc. . . . .
David Henderson also has a nice review of Freedomnomics: For the first years of its existence, radio seemed like an economic loser without government subsidy. No one could figure out how to make listeners pay, and, consequently, radio hosts and entertainers usually worked for free. In 1922, Herbert Hoover, then Secretary of Commerce, asserted, "Nor do I believe there is any practical method of payment from the listeners." But that same year, AT&T discovered that it could make money by selling ad time on radio. It sounds obvious now, but it wasn’t then. After that, radio thrived and is still thriving.
John Lott tells that story and many others – and tells them well – in his latest book, Freedomnomics. . . . .
Labels: Economics, Freedomnomics