Too often students in economics emerge with a clear grasp of theory, but precious little ability to apply that theory, especially in the area of microeconomics. They are left with a model that they believe is relevant solely to market mechanisms, when it is in fact suited for inquiry into all avenues of rational choice. At the same time, there is a uniform belief that criminals are plagued by psychological, physiological, or sociological deficiencies that can be remedied only through incarceration or institutionalization. Neither formulation is satisfactory as an exemplar to the general population about how they should be thinking about crime.
Workers, employers and managers alike have a stake in effective public policy designed to reduce criminality. According to the Institute for People with Criminal Records, approximately 3% of the US population will be in jail or prison for at least one day during any given year, and nearly 30% of the population has a criminal record. Yet, having a criminal record often serves as a bar to employment and leads individuals who have paid their debts to society on a pathway to recidivism. Thus everyone, from managers in companies considering whether to bar felons from employment to individual voters considering felony disenfranchisement laws, needs to understand how rational criminals act and think. This book will attempt to guide readers to such an understanding. By understanding how incentive mechanisms affect criminal behavior, business managers may use this information either to reduce criminal activity in their own enterprises or to understand how unethical business decisions affect the wider society. As we always do in such circumstances, we must make sacrifices to balance the competing interests.
Table of contents
- Half Title
- Title Page
- About the Author
- Introduction: Why Should Businesspeople Care About Crime?
- Chapter 1: What Does Economics Have To Do With Crime Anyway?
- Chapter 2: Are Criminals Rational? Gary Becker’s Rational Criminal Thesis
- Chapter 3: Game Theory and the Victim/Perpetrator Calculus
- Chapter 4: Organized Crime
- Chapter 5: “Victimless Crimes”
- Chapter 6: Crimes Against Property
- Chapter 7: Crimes Against Persons
- Chapter 8: Public Policy
- Ad Page
- Title: The Economics of Crime
- Release date: November 2013
- Publisher(s): Business Expert Press
- ISBN: 9781606495834
You might also like
You, Only Better
If you want to be happy, fulfilled and energised its probably best not to obsess over …
Project Finance for Business Development
Raise the skill and competency level of project finance organizations Project Finance for Business Development helps …
Strategic Modelling and Business Dynamics: A Feedback Systems Approach
John Morecroft's book is an ideal text for students interested in system modelling and its application …
Forensic Accounting and Fraud Examination, 2nd Edition
Forensic Accounting and Fraud Examination introduces students and professionals to the world of fraud detection and …