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Freedomnomics: Why the Free Market Works and Other Half-Baked Theories Don't

Freedomnomics: Why the Free Market Works and Other Half-Baked Theories Don't by John Lott Regnery Publishing * 2007 * 275 pages * $27.95

Reviewed by Robert P. Murphy

Lately economists have been making it onto the bookshelves of Barnes & Noble with breezy volumes for the lay reader. The most striking example of this newfound hipness is Steven Levitt and Stephen Dubner's Freakonomics. John Lott's Freedomnomics, another example, is itself largely a response to that runaway bestseller.

In taking on some of Levitt and Dubner's glib dismissals of the free market, Lott doesn't disappoint. In my favorite duel, Lott quotes Freakonomics' rendition of the "problem of the lemons" in the used-car ...

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