Month: September 2005

The Limits of Freedom

Nowdays it is sometimes held, though wrongly, that freedom is an end in itself, that each human being is free when he makes use of freedom as he wishes, and that this must be our aim in the lives of individuals and societies. In reality, freedom is a great gift only when we know how to use it consciously for everything that is our true good.
-Redemptor Hominis

Freedom negates and destroys itself, and becomes a factor leading to the destruction of others, when it no longer recognizes and respects its essential link with the truth. When freedom, out of a desire to emancipate itself from all forms of tradition and authority, shuts out even the most obvious evidence of an objective and universal truth… then the person ends up by no longer taking as the sole and indisputable point of reference for his own choices the truth about good and evil, but only his subjective and changeable opinion or, indeed, his selfish interest and whim.
-Evangelium Vitae

You don’t have to be a freak

Economics provides some of the most powerful tools for data analysis available to society. Yet historically these tools have been used almost exclusively in the realm of finance and business decision support. Freakonomics by Steven D. Levitt and Stephen J. Dubner talks about the work of Steven Levitt, one of the most respected economists alive. Levitt uses economic models and data analysis tools to find answers to some of societies most interesting questions.

I enjoyed this book enough to read through it in one sitting, in one night. And I strongly recommend that anyone with interest in socio-political issues read it. Freakonomics will make you take a second look at what you though was common sense. However, the book does have its notable shortcomings.

First, this book is little more than an extended version of the newspaper article by Stephen Dubner on Levitt’s work. If you are familiar with the article there is little reason to buy the book. Second, the book covers almost nothing about economic method. As such it leaves itself open to more criticism that it generally deserves. Third, Freakonomics is definitely dumbed down to make it readable (and probably profitable) to a wider audience. However, the lack of technicality makes the book an enjoyable weekend read and may even encourage the reader into a greater interest in economics and its usefulness.