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Freedomnomics - Lott
Freedomnomics: Why the Free Market Works and Other Half-Baked Theories Don't by John R. Lott Jr.
A nice book that explains how the free market comes up with answers to problems.
Consider radio. No one knew quite what to do with it. How can someone make a business out of using radio when anyone could get the signal without paying. The answer was commercials, something that's obvious to us now, but took time for the market to figure out.
The book goes into a fair number of every day issues making the market forces/reputation/incentives and the like far more interesting than most will have remembered econ class ever being.
The author also refutes quite a few ideas put forth in the book "Freakonomics" -- like legalized abortion in the 70's causing the drop in crime in the 90's.
I listened to the book via audible.com and enjoyed the production.
And yes, this book stirred some ideas in my head that formed some recent new forum discussions.
Lee
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