Criminal Law and Economics applies economic theory to explain crime, law enforcement, criminal law and criminal procedure.

Excerpt:

Potential criminals are economically rational. They compare the gain from committing a crime with the expected cost, including the risk of punishment, the possibility of social stigma, and eventual psychological costs. A criminal is an individual for whom the gain from committing a crime more than compensates the expected cost.  . . . Overall, it seems crime rates are responsive to changes in punishment.

The advantage of an economic approach to crime is that it avoids interpersonal assessments and is more of a neutral analysis.”

Nuno Garoupa, Introduction to Criminal Law and Economics, at vii, viii (2d ed. 2009).

Photo-http://www.wichitasedgwickcountycrimestoppers.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s