Some people, like one unnamed member of my family, believe that any book worth reading will eventually be made into a movie. If the 2005 best selling non-fiction title Freakonomics has been on your To Read list, then hold out no longer.
However hardcore market trends and fiscal information is the last thing you’ll find here. Based on the research by University of Chicago economist Steven Levitt and New York Times journalist Stephen J. Duber, the 2010 documentary scrolls some numbers across the screen but they have little to do with the kind of economics you’ll learn in university. Rather the film offers some unusual explanations for a wide range of subjects including the impact of Romanian leader Nicolae Ceausecu’s assassination and Roe v. Wade on crime statistics.
The first topic covered is the real estate agent’s rationale between encouraging his or her client to sell now or hold out. It is a short sequence yet makes some sense when considering the amount of effort needed for a limited monetary return. Other subjects though, seem to stretch the application of economic scrutiny. One chapter discusses the impact of a baby’s name on his or her future success. Having grown up with a male spelling of my female name, I have to admit there may be something to the theory. (More than once my gender’s been mistaken in written communication. I think my seventh grade pen pal was a bit bummed to find out she was writing to a girl and not a boy.) But it seems difficult to assign a dollar value advantage based solely on a name.
The movie also addresses cheating in the time-honored Japanese sport of Sumo wrestling and further suggests corruption exists in the country’s police force. For any parent who has resorted to paying their kids to get good grades, the film follows an incentive study conducted by the University of Chicago with freshmen students.
Glammed up with glitzy graphics and an almost comedic approach in some of the segments, this screen adaptation offers a number of good discussion starters—even if they don’t have much to do with the economy. Parents, however, should be aware the movie contains brief strong language scrawled on a sign, discussion of abortions, a few near naked women in a strip joint and the bloody, battered body of a Sumo wrestler.
Some have disputed the validity of Levitt and Duber’s reports, calling them little more than the product of pulp culture or amateur sociology. Yet despite which side of the debate one stands on, the documentary presents an interesting look at critical thinking. While the filmmakers may not be able to prove the premises they propose, they at least suggest that there are many ways to examine issues and asking questions may be the best way to broaden our horizons.