Steven Levitt
Steven Levitt
Steven David "Steve" Levittis an American economist known for his work in the field of crime, in particular on the link between legalized abortion and crime rates. Winner of the 2003 John Bates Clark Medal, he is currently the William B. Ogden Distinguished Service Professor of Economics at the University of Chicago, director of the Becker Center on Chicago Price Theory at the University of Chicago Booth School of Business. He was co-editor of the Journal of Political Economy published...
NationalityAmerican
ProfessionEconomist
Date of Birth29 May 1967
CountryUnited States of America
People don't like it, but inevitably we need to think about both the costs and the benefits of health care. We cannot avoid the financial consequences.
Wall Street is populated by a bunch of people whose primary goal is to make money, and the rules are pretty much caveat emptor.
You'd be a fool or a deluded idealist to think ethics would be prominent on Wall Street. That is not a statement against people in the money business, just a fact.
There aren't many people who succeed in doing it, but at least it's possible.
People who buy annuities, it turns out, live longer than people who don't, and not because the people who buy annuities are healthier to start with. The evidence suggests that an annuity's steady payout provides a little extra incentive to keep chugging along.
In the United States especially, politics and economics don’t mix well. Politicians have all sorts of reasons to pass all sorts of laws that, as well-meaning as they may be, fail to account for the way real people respond to real-world incentives.
When people don’t pay the true cost of something, they tend to consume it inefficiently.
Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work.
Betting on sports is actually a lot more like playing the stock market than it is the other games at the casino. Because in the end, what dictates whether you win at sports is skill.
No one would disagree that restraining your child is about the single best thing you can do for protecting their lives.
As I see it, most major philanthropists have been bullied into giving. They feel social pressure to give. It has become a cost of doing business.
Good social media is authentic. What makes social media work is actually having something to say.
The most obvious things are often right there, but you don't think about them because you've narrowed your vision.
If you really accept that global warming puts the world at risk, then you think you would be open to any solution that could undo it.