Since Gary Becker’s seminal article in the late sixties, the economic analysis of crime has blossomed, from an interesting side field within law and economics, into a mature stand-alone sub-discipline that has been embraced by many well-respected academic economists. 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. Without use of graphs or mathematical equations, Winter combines theory and empirical evidence with controversial examples from the news media. Topics discussed include:
the death penalty,
rational drug addiction and drug legalization,
private crime deterrence,
the privatization of prisons,
alternative social reforms to deter crime
By requiring no previous knowledge of economics, not only is this book a perfect choice for students new to the study of economics and public policy, it will also be of interest and accessible to students of criminology, law, political science, and other disciplines interested in the study of crime topics. By emphasizing the benefits and costs of social policy to deter crime, The Economics of Crime can be enjoyed by anyone who follows current public policy debate over one of society’s most contentious issues.
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