Economics of Crime

Here is classic piece by Gary BeckerEconomics of Crime (it is a heavy pdf file around 7 MB). Becker got the Nobel prize for precisely this kind of work –

for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour

I am afraid I have not read much of his work.  So this piece was a big welcome. He discusses the economic approach to crime and how people are rational while committing a crime. They usually know the costs and benefits before committing a crime. He also suggests policy options.

Quite refreshing.

Trivia

I was thinking of putting this as the first post for the day but decided against it. It would not really have been the ideal way to start this new year with a blogpost on crime.

One Response to “Economics of Crime”

  1. Tweets that mention Economics of Crime « Mostly Economics -- Topsy.com Says:

    […] This post was mentioned on Twitter by Rick Ross, Lily Ma. Lily Ma said: Economics of Crime « Mostly Economics: Here is classic piece by Gary Becker – Economics of Crime (it is a heavy.. http://bit.ly/6c36xR […]

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