May 17, 2007

Freedomnomics vs Freakonomics

Economist John Lott has just published a terrific book called Freedomnomics. As I wrote in my Amazon review for the book:

"Many economists claim that free markets work great in theory but there are many types of market failures that require government intervention. Lott points out how markets themselves can overcome these so called market failures and how government attempts to correct these failures often makes the situation much worse."

As you could probably guess from the book's title, Lott also writes about the many mistakes he believes are in the bestselling book Freakonomics.