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Crime and Economics provides the first comprehensive and accessible text to address the economics of crime within the study of crime and criminology. The economics of crime is an area of growing activity and concern, increasingly influential both to the study of crime and criminal justice and to the formulation of crime reduction and criminal justice policy. As well as providing an overview of the relationship between economics and crime, this book poses key questions such as: What is the impact of the labour market and poverty on crime? Can society decrease criminal activity from a basis of economic disincentives? What forms of crime reduction and methods of reducing re-offending are most cost beneficial? Can illicit organised crime and illicit drug markets be understood better through the application of economic analysis? For those interested in economic methods, but without previous economic training, this book also provides an accessible overview of key areas such as cost-benefit analysis, econometrics and the debate around how to estimate the costs of crime. This book will be key reading for undergraduate and postgraduate students of criminology and economics and those working in the criminal justice system including practitioners, managers and policy makers.
This text is designed for use in a course on the economics of crime in a variety of settings. Assuming only a previous course in basic microeconomics, this innovative book is strongly linked to the new theoretical and empirical journal literature. Showing the power of microeconomics in action, Yezer covers a wide array of topics. There are chapters on the following topics: benefit-cost and the imprisonment decision, enforcement games, juvenile crime, private enforcement, economics of 3 strikes law, broken windows strategies, police profiling, and crime in developing countries. There are also separate chapters on guns, drugs, and capital punishment. Timely boxed examples are found throughout. Problems at the end of each chapter allow students to reinforce their microeconomics skills and to gain insight into the way they can be applied to case examples.
This book deals with the widespread economic and financial crime issues of corruption, the shadow economy and money laundering. It investigates both the theoretical and practical aspects of these crimes, identifying their effects on economic, social and political life. This book presents these causes and effects with a state of the art review and with recent empirical research. It compares the international and transnational aspects of these economic and financial crimes through discussion and critical analysis. This volume will be of interest to researchers and policy makers working to study and prevent economic and financial crime, white collar crime, and organized crime.
The first book to apply economic theory to the analysis of all aspects of organised crime.
This title presents a survey of the crime problem in Latin America, which takes a very broad and appropriately reductionist approach to analyse the determinants of the high crime levels, focusing on the negative social conditions in the region, including inequality and poverty, and poor policy design, such as relatively low police presence. The chapters illustrate three channels through which crime might generate poverty, that is, by reducing investment, by introducing assets losses, and by reducing the value of assets remaining in the control of households.
Wide ranging and accessible, this is the most up-to-date textbook in this area, taking current economic research and making it accessible to undergraduates and other interested readers.
This book is the first attempt to establish 'economic crime' as a new sub-discipline within criminology. Fraud, corruption, bribery, money laundering, price-fixing cartels and intellectual property crimes pursued typically for financial and professional gain, have devastating consequences for the prosperity of economic life. While most police forces in the UK and the USA have an ‘economic crime’ department, and many European bodies such as Europol use the term and develop strategies and structures to deal with it, it is yet to grain traction as a widely used term in the academic community. Economic Crime: From Conception to Response aims to change that and covers: definitions of the key premises of economic crime as the academic sub-discipline within criminology; an overview of the key research on each of the crimes associated with economic crime; public, private and global responses to economic crime across its different forms and sectors of the economy, both within the UK and globally. This book is an essential resource for students, academics and practitioners engaged with aspects of economic crime, as well as the related areas of financial crime, white-collar crime and crimes of the powerful.
Criminals and Victims presents an economic analysis of decisions made by criminals and victims of crime before, during, and after a crime or victimization occurs. Its main purpose is to illustrate how the application of analytical tools from economics can help us to understand the causes and consequences of criminal and victim choices, aiding efforts to deter or reduce the consequences of crime. By examining these decisions along a logical timeline over which crimes take place, we can begin to think more clearly about how policy effects change when it is targeted at specific decisions within the body of a crime. This book differs from others by recognizing the timeline of a crime, paying particular attention to victim decisions, and examining each step in the crime cycle at the micro-level. It demonstrates that criminals plan their crimes in systematic, economically logical ways; that deterring the destruction of criminal evidence may deter crime in general; and that white-collar criminals exhibit recidivism patterns not unlike those of street criminals. It further shows that the degree of criminality in a society motivates a variety of self-protection behaviors by potential victims; that not all victim resistance makes matters worse (and some may help); and that victims who report their crimes do not receive high returns for going to the police, helping to explain why some crimes ultimately go unreported.
This volume brings together some of the most influential articles in the field of law and economics. Together the chapters illustrate how economic theory and rigorous empirical analysis can shed light on some of the most important issues in social science and public policy.