i think the general point about policy improvements, it's so hard for people. One thing i know for sure is that ideas are not enough to win the day. I have been doing that for there years, and manyof ideas may have been terrible, but i think some of them have been o knd, none of them get adopted. So really, what i hope that my wrist centre can do is to take this intermediate stage that ontreponeers do all the time, which is to go from an idea to a proof of concept. And we'll put this three thousand people eventually, and we'll show that, actually, they don't commit very much crime at all. We
Author and economist Steven Levitt is the William B. Ogden Distinguished Service Professor of Economics at the University of Chicago and host of the podcast "People I (Mostly) Admire." He is best known as the co-author, with Stephen Dubner, of Freakonomics. The book, published in 2005, became a phenomenon, selling more than 5 million copies in 40 languages. Levitt talks with EconTalk host Russ Roberts about the book's surprising success, the controversy it generated, and how it shaped his career. Levitt says, for him, "economics is about going into the world and finding puzzles and thinking about how understanding incentives or markets might help us get a better grasp of what's really going on."